Monthly chart of Amazon and it doesn't look to health. Price has gone parabolic without a healthy pull back. Indicators showing that is very heavily over bought.
Volume has dropped of considerably from a few years ago
This is a good example of a greedy market state and visibly unsustainable.
I'm not even considering to buy until the market has taken back a minimum of 618%
Don't forget to hit the like button or follow me on Trading View for more chart analysis :)
Volume has dropped of considerably from a few years ago
This is a good example of a greedy market state and visibly unsustainable.
I'm not even considering to buy until the market has taken back a minimum of 618%
Don't forget to hit the like button or follow me on Trading View for more chart analysis :)
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.