Account

New to ADSS? Open an
account now to get started.

OR

Already have an account?

Add funds to your ADSS account

Account

New to ADSS? Open an
account now to get started.

Add funds to your ADSS account

Trends & Analysis
News

GBP/JPY – Potential for Further Gains

News

Has gold peaked?

News

European stocks close at record high

News

Gold prices ease after hitting record high

News

Week Ahead Preview: 17th of February

News

Europe stocks hit record high on strong earnings

Trends & Analysis
News

GBP/JPY – Potential for Further Gains

News

Has gold peaked?

News

European stocks close at record high

News

Gold prices ease after hitting record high

News

Week Ahead Preview: 17th of February

News

Europe stocks hit record high on strong earnings

Asset Watch

Is Amazon’s decline incomplete?

Tuesday, August 30 2022

Fed Chairman Jerome Powell dropped the hawkish hammer during his Jackson Hole speech on Aug. 26, with financial markets feeling the vibration, as the S&P 500 declined by 3.37%.

Powell said:

“While higher interest rates, slower growth, and softer labour market conditions will bring down inflation, they will also bring some pain to households and businesses. These are the unfortunate costs of reducing inflation. But a failure to restore price stability would mean far greater pain.”

He added:

“We are moving our policy stance purposefully to a level that will be sufficiently restrictive to return inflation to 2%.”

With risk assets re-pricing to reflect all the above, could Amazon confront more short-term pain before support materialises?

Amazon Stock Chart Trading View

Amazon still hasn’t filled the after-hours gap that occurred on Jul. 29 after the company reported strong second-quarter earnings. Since most gaps fill, a pullback near or below the June closing high is plausible, meaning $125.55 may be on the cards.

Amazon’s 50-day moving average (the blue line) is not far behind, and it provided support when the stock suffered a short-term retracement in July. Therefore, $124.17 is next-level support and is also near the low end of the gap range.

Finally, Amazon has a third saviour with its rising support line. The trendline draws from the late June lows, so if Amazon consolidates over the next week, all three levels could converge near $124 to $125.

So, is patience the best course of action?


Site by Pink Green
© ADSS 2025


Investing in CFDs involves a high degree of risk that you will lose your money due to the use of leverage, particularly in fast moving markets, where a relatively small movement in the price can lead to a proportionately larger movement in the value of your investment. This can result in loses that exceed the funds in your account. You should consider whether you understand how CFDs work and you should seek independent advice if necessary.

ADS Securities LLC – S.P.C (“ADSS”) is authorised and regulated by the Securities and Commodities Authority (“SCA”) in the United Arab Emirates under First Category: Dealing in Securities and Fifth category: Arrangement and advice (Introduction). ADSS is a Limited Liability Company – Sole Proprietorship Company incorporated under United Arab Emirates law. The company is registered with the Department of Economic Development of Abu Dhabi (No. 1190047) and has its principal place of business at 8th Floor, CI Tower, Corniche Road, P.O. Box 93894, Abu Dhabi, United Arab Emirates.

The information presented is not directed at residents of any particular country outside the United Arab Emirates and is not intended for distribution to, or use by, any person in any country where the distribution or use is contrary to local law or regulation.

ADSS is an execution only service provider and does not provide advice. ADSS may publish general market commentary from time to time. Where it does, the material published does not constitute advice, or a solicitation, or a recommendation to a transaction in any financial instrument. ADSS accepts no responsibility for any use of the content presented and any consequences of that use. No representation or warranty is given as to the completeness of this information. Anyone acting on the information provided does so at their own risk.