Fraudulent websites posing to have a connection with JFD
Please be aware of fraudulent websites
posing as JFD's affiliates and/or counterparties
Amazon.com Inc. (NASDAQ: AMZN) traded in a consolidative manner this week, staying slightly below the 3190 barrier. The broader picture also suggests a trendless outlook, at least in the short run, with the stock oscillating between 3070 and 3250 since November 11th. Therefore, we will adopt a neutral stance for now.
In order to start examining higher areas, we would like to see a decisive break above the upper end of the aforementioned range, at 3250. Such a move would confirm a forthcoming higher high on the daily chart and may pave the way towards the peak of November 5th, at 3367, or the high of October 16th, at 3400. If those areas are not strong enough to halt the advance, we may see extensions towards the 3500 territory, defined as a resistance by the high of October 12th.
Shifting attention to our short-term oscillators, we see that the RSI has recently rebounded from near its 50 line, but has just turned flat, while the MACD, although above its trigger line, is still fractionally below zero. Both indicators suggest that the stock may start gathering upside speed soon, but the fact that the RSI is flat and that the MACD is negative, adds more credence to our choice of staying sidelined until the stock exits the aforementioned range.
On the downside, we would like to see a strong dip below 3070 before we start examining decent declines. Such a move would confirm a forthcoming lower low and may initially target the low of November 10th, at 3017. If that barrier is broken as well, then the next stop may be at 2950, marked by the low of November 2nd. Another dip, below 2950, may extend the fall towards the low of September 21st, at 2870.
Disclaimer:
The content we produce does not constitute investment advice or investment recommendation (should not be considered as such) and does not in any way constitute an invitation to acquire any financial instrument or product. The Group of Companies of JFD, its affiliates, agents, directors, officers or employees are not liable for any damages that may be caused by individual comments or statements by JFD analysts and assumes no liability with respect to the completeness and correctness of the content presented. The investor is solely responsible for the risk of his investment decisions. Accordingly, you should seek, if you consider appropriate, relevant independent professional advice on the investment considered. The analyses and comments presented do not include any consideration of your personal investment objectives, financial circumstances or needs. The content has not been prepared in accordance with the legal requirements for financial analyses and must therefore be viewed by the reader as marketing information. JFD prohibits the duplication or publication without explicit approval.
There are risks involved with trading of cash equities. Past performance is not indicative of future results. You should consider whether you can tolerate such losses before trading. Please read the full Risk Disclosure.
Copyright 2020 JFD Group Ltd.
Fraudulent websites posing to have a connection with JFD
Please be informed that, the below listed websites fraudulently misrepresent to have a connection with JFD and have infringed with JFD’s rights and trademarks in order to defraud users of their personal data, registration data and funds.
Unfortunately, JFD cannot guarantee that the list is exhaustive or always up-to-date and refers only to the websites that were brought to our attention. Therefore, if an investor is in doubt about the connection of any website with JFD, or spots a website that is substantially similar in design, structure and content to JFD’s website, please contact us at support@jfdbrokers.com and we will take all necessary actions to report it and protect other investors from being defrauded.
For your further reference and the avoidance of any doubts, feel free to check the full list of JFD’s web domains approved by CySEC.