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Trading the Trend: short Amazon


MongiIG

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With the Amazon share price remaining in a medium-term downtrend and having this week failed just below the minor psychological $100 mark, we would like to go short the Daily Financial Bet (DFB) of the stock at $94.80.

Our stop-loss will be above Tuesday’s high at $100.05 and the downside target at $86.00.

Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Wednesday 25 January 2023

 

 

 

 

 

 

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