Since the beginning of the COVID-19 pandemic, Amazon (AMZN) has laid off at least four employees who have publicly expressed concerns about the security conditions at Amazon warehouses. In a letter sent on May 6 to CEO Jeff Bezos, the senators argue that Amazon has made "vague public statements" about internal policy to justify actions taken against employees. The senators now want the details of the policy to be clear so that the dismissal of employees who have raised health and safety concerns does not constitute retaliation for reporting misconduct. Amazon stood up for its actions by saying that workers are not fired for speaking out in public, but for violating the policy such as intimidation, physical distance and more.
Amazon, H4
Pivot: 2352.71
Analysis:
Provided that the asset is traded above 2308.25, follow the recommendations below:
Time frame: H4
Recommendation: long position
Entry point: 2352.71
Take Profit 1: 2425.50
Take Profit 2: 2458.50
Alternative scenario:
In case of breakdown of the level 2308.25, follow the recommendations below:
The timeframe: H4
Recommendation: short position
Entry point: 2308.25
Take Profit 1: 2252.75
Take Profit 2: 2219.50
Comment:
RSI is above its neutral area by 50. The MACD is positive and below its signal line. Prices may recover in the short term. Amazon.com trades with a 20-month moving average (2354.44) but above its 50-month moving average (2336.74).
Key levels:
Resistance
Support
2525.00
2308.25
2491.75
2252.75
2458.50
2219.50
Amazon, D1
Pivot: 2286.04
Analysis:
While the asset is traded above 2118.00, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 2286.04
Take Profit 1: 2585.00
Take Profit 2: 2698.00
Alternative scenario:
If the level 2118.00 is broken-down, follow the recommendations below.
Time frame: D1
Recommendation: short position
Entry point: 2118.00
Take Profit 1: 1938.00
Take Profit 2: 1831.00
Comment:
RSI is above its neutral area by 50. The MACD is positive and below its signal line. The stock may recover in the short term. Moreover, the stocks are trading above the 20-day and 50-day moving average (at 2263.12 and 2042.11 respectively).
Key levels:
Resistance
Support
2920.00
2118.00
2809.00
1938.00
2698.00
1831.00
We also advise you to pay attention to Apple for intra-day trading:
Pivot: 303.12
Analysis:
While the asset is traded above 300.40, follow the recommendations below:
Time frame: H4
Recommendation: long position
Entry point: 303.12
Take Profit 1: 307.60
Take Profit 2: 309.40
Alternative scenario:
If the level 300.40 is broken-down, follow the recommendations below.
Time frame: H4
Recommendation: short position
Entry point: 300.40
Take Profit 1: 297.20
Take Profit 2: 295.20
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