On the week of 13-July, we got the first bearish signal when AMZN printed a strong bearish candle.
Last week we got the confirmation... Another bearish candle came in with a decreasing volume.
The MACD is looking ready to drop, it shows plenty of room available to move lower.
Amazon (AMZN MACD W)
The RSI has been building up on bearish divergence since July.
Amazon (AMZN RSI W)
Trending down strong.
It is likely that AMAZON COM INC (AMZN) prices peaked and are ready to move lower...
Support levels are marked on the chart.
Namaste.
Last week we got the confirmation... Another bearish candle came in with a decreasing volume.
The MACD is looking ready to drop, it shows plenty of room available to move lower.
Amazon (AMZN MACD W)
The RSI has been building up on bearish divergence since July.
Amazon (AMZN RSI W)
Trending down strong.
It is likely that AMAZON COM INC (AMZN) prices peaked and are ready to move lower...
Support levels are marked on the chart.
Namaste.
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