Amazon.comLong
AMZN TO TEST $195 and then LONG and make new highs
https://www.tradingview.com/chart/6jWzKdWA/
VOLUME dips when price increase from $200 level and increase when price dips meaning $200 level buyers and exhausting.
High selling pressure from ATH and today morning near $204.50 make sense that bears getting stronger for near term.
On 4H chart, VOLUME divergence on two highs, when price and volume increased on first high and volume dips on 2nd high (ATH) or even on breakout from first high level. Thus showing low interest in buying at high levels for at least short term.
$195 level getting support from 200 day MA
VOLUME dips when price increase from $200 level and increase when price dips meaning $200 level buyers and exhausting.
High selling pressure from ATH and today morning near $204.50 make sense that bears getting stronger for near term.
On 4H chart, VOLUME divergence on two highs, when price and volume increased on first high and volume dips on 2nd high (ATH) or even on breakout from first high level. Thus showing low interest in buying at high levels for at least short term.
$195 level getting support from 200 day MA
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.