AMZN has negative divergence. The pattern is a rising wedge but the RSI has been sloping downward. With earnings near, this play could defy gravity. I’m viewing this set up as merely a squeeze. I’m going to wait until earnings, influences the direction and then ride pony in that direction.
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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.