AMZN has not finished its downward bearish trend yet.
- MACD indicating strong sell power
- Consecutive large red candles
- Declining RSI at 31
- Candles trading below the SMA100 line
Furthermore there is a support around $2885 which has become the new supportline and my estimate to where the price will retrace.
Hit like if you found this helpful.
Thank, Ev
- MACD indicating strong sell power
- Consecutive large red candles
- Declining RSI at 31
- Candles trading below the SMA100 line
Furthermore there is a support around $2885 which has become the new supportline and my estimate to where the price will retrace.
Hit like if you found this helpful.
Thank, Ev
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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.