Trading the Trend: short Amazon

With the Amazon share price remaining in a medium-term downtrend and having this week failed just below the minor psychological $100 mark.

Shares Amazon

Written by: Axel Rudolph FSTA | Senior Market Analyst, London

Publication date: 2023-01-27T00:48:55+0000

We would like to go short the Daily Financial Bet (DFB) of the stock at $94.80 with a stop-loss above Tuesday’s high at $100.05 and a downside target at $86.00.

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