Amazon is creating a potential false upside breakout supported by a strong MACD-H divergence.
If it falls to the blue line then the MACD histogram will likely go negative and Amazon could drop to 2000.
However, this is a really popular the stock is just now - that might slow the supply side and suppress a fall.
If it falls to the blue line then the MACD histogram will likely go negative and Amazon could drop to 2000.
However, this is a really popular the stock is just now - that might slow the supply side and suppress a fall.
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Ideas still stands after Friday's trading. Lets see how the markets open tomorrow