The Long Investor
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$AMZN TOP 20
🕑 Added 2025-03-20 12:49:15 +0000 UTC$AMZN is still holding on the blue support line at $189 which we can see has been an important resistance/support line since the 2021 highs.
If this level can continue to hold then a retest of the 200 Day MA is likely going to be next especially if the market can do the same
The RSI and MACD are also holding and in an oversold state and could very easily start turning bullish with a retest of the $200 level
But if the price action could flip the $200 level to support again.....there is a lot of room for this to move, there is a possible +20% bounce just to return to previous ATH's.
But a reasonable expectation to return to the 50 Day MA at $221 is possible.
