So I did a technical analysis on 
AMZN and here is my idea/point:
Bearish:
For me, the stock is showing a lack of bullish signs and is therefore bullish, BUT wee still need confirmation on the RSI support Bounce-off/breaktrough.
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AMZN and here is my idea/point: Bearish:
- (not perfect) hammer candle followed by a bearish confirmation
- Stock in a clear downtrend
- Ema not showing any trend reversal sign or upwards correction ( no crossing movement)
- AMZN broke a strong support level
Bullish: - RSI showing a very Strong Support, so Price may bounce off ( MAY ), we need confirmation in the following Week/Days, I'll update the idea
For me, the stock is showing a lack of bullish signs and is therefore bullish, BUT wee still need confirmation on the RSI support Bounce-off/breaktrough.
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If you enjoyed this post and agree with me, a like and a sub would be very nice : )
Stay updated for more content
Have a nice Day : ) Bye!
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Nota
I did a fault at: "a lack of bullish signs and is therefore bullish"I wanted to say that the market "is therefore BEARISH"
( thanks @jbielski)
Nota
AMZN Broke the lower support, how far will it go, till its reversal ?Nota
Next decent support is at 1.6kNota
bounced back at 2.7 k, my short take profit was at 2.75, good trade
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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.