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CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs and spread bets with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Asset Watch
Wednesday, March 14, 2023, 2pm GMT
Source: TradingView
Amazon’s monthly RSI is near 39, and outside of the June and December 2022 lows, the metric is the most oversold since it hit 38 in November 2008. Therefore, with GFC-like negativity already present, Amazon may outperform similar stocks that haven’t suffered as much in recent years.
Amazon is also on pace for its 10th monthly decline in the last 12 months. And only during the bursting of the dot-com bubble did it suffer a lengthier stretch of drawdowns.
So, does Amazon offer long-term value here, or will the cheap get cheaper in the months ahead?
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CFDs and Spreadbets are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of Retail investor accounts lose money when trading CFDs and Spread Bets with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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