Pondering Amazon Stock's Next Move
Amazon stock has flirted with $3,454 many times during April 2021.
With spectacular earnings reported and
AMZN stock well above $3,500, will resistance now turn into support?
Also, notice how RSI and MFI have completely diverged?
Relative Strength Index (RSI) shows the relationship between a security’s price and its percentage change from the previous period. While Money Flow Index (MFI) factors in volume, price, and time to calculate a baseline number.
With spectacular earnings reported and
AMZN stock well above $3,500, will resistance now turn into support?Also, notice how RSI and MFI have completely diverged?
Relative Strength Index (RSI) shows the relationship between a security’s price and its percentage change from the previous period. While Money Flow Index (MFI) factors in volume, price, and time to calculate a baseline number.
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