Technical analysis by Peet_Serfontein about Symbol AMZNX: Sell recommendation (5/20/2024)

A price action below 184.00 supports a bearish trend direction. Increase short exposure for a break below 183.00. The target price is set at 174.00 (its 38.2% Fibonacci retracement level). The stop-loss price is set at 193.00 (the start of the retracement). It will appear that an M-top pattern is busy developing. Remains a risky trade.