Amazon.comUpdated On 1 month chart Amazon shows clear bearishness
The fast line goes much lower than the slow line and the price broke clearly the cloud downward with each candle red closing lower
The lagging line is not too bearish though
Not a good sign I will wait before buying a new position
The lagging line is not too bearish though
Not a good sign I will wait before buying a new position
Note
huh sorry the lagging is also bearish so my bad it clearly is below the cloud
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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.