Amazon.comShort
AMZN ready for drop of 20%
AMZN is ready for a major drop. Friday it formed a bearish reversal candle shooting star. The last two trading day was on a lower volume than 20 days average volume which is bearish.
RSI has huge negative bearish divergences and is pointing to a drop.
MACD also formed bearish divergences.
Everything is pointing there is no more energy for the continuation of the move.
Drop is likely towards the area of support where is a horizontal supports level, 50 and 200 days MA which will definitely act as support.
RSI has huge negative bearish divergences and is pointing to a drop.
MACD also formed bearish divergences.
Everything is pointing there is no more energy for the continuation of the move.
Drop is likely towards the area of support where is a horizontal supports level, 50 and 200 days MA which will definitely act as support.
Consistency is the key of success....
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Consistency is the key of success....
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.