Crossroads

18 nov 2019

Two charged PSAR series on the 'weekly' could blow up either side within a couple of weeks (big move could be expected). While it's a little biased to the downside, there are still a few neutral indications. To remain bullish AMZN has to break 1900 and at least touch the upper trend line (pink). But closing a solid 'weekly' candle below the lower trend line (pink) is your short confirmation if the stock remains outside the boundaries. I'll update this post along the progress until we can predict a clear direction.

19 nov 2019

Nota

Longs: Above 1854 is your confirmation for an upward continuation. Above 1930 is your strong-buy confirmation. The ultimate bull-signal would be breaking the 2036 mark.

Shorts: Below 1672 is your confirmation for a downward continuation. Below 1566 is your strong-sell confirmation. The ultimate bear-signal would be going under 1307.