A trendline breakout was seen in the security and a pullback was seen in the security at the support level; near the trendline we have seen selling coming back in the security.

We will wait for the security the trade below the support zone, once the security trades below the support zone we will advice to sell. The security is trading below the EMA which in itself is a good sell signal. The Rsi is trading near 40 levels, if the RSI trades below 20 we would suggest not to enter short.

Advice : Sell security once it trades below support zone.

Amazon

Jan 15 2022