Amazon,who's 1 year membership at $119.00
is perhaps the best consumer value on the planet,
is currently rallying back towards it's all time high above $2000 a share.
Being in a very remote area in the mountains of New York,
Amazon is like a gift to me everyday.
I go online,order anything I want, and in 24-48 hours,
my order is sitting in my mailbox, or even better dropped right at my door by USPS.
For technical analysis purposes,
I've put up for illustration a Monthly AMZN Chart.
The long rise in the stock speaks for itself.
If you chose to own just one stock in the market, in the last 10 years , AMZN would probably be it.
I've also Included with this the Monthly "RSI" Indicator.
Perhaps the single best conforming/non-confirming indicator of price trend out there.
So what do you see ..?
Just look.. at the striking Monthly,and Very Bearish RSI Divergence right now in Amazon's stock.
What kind of technical signal is that sending to owner's of the stock ?
A trader friend of mine who writes to me often
tells me"that there are Bearish Divergences "everywhere " in the stock market right now.
And obviously that can't be very good,for the long term health of the market, unless something big changes.
Amazon's mission of conquering all of the world's online shopping business is well documented.
And they seem well along to obtaining their goal,at the financial expense of most retail competition worldwide.
However the striking benefit that Amazon offers all consumer's, including the" best price" around, .
does not appear to apply,.. to the value of their very richly priced stock.
Buyer Beware.
AMZN 1819.01 Last
THE_UNWIND
4/4/19
NEW YORK
is perhaps the best consumer value on the planet,
is currently rallying back towards it's all time high above $2000 a share.
Being in a very remote area in the mountains of New York,
Amazon is like a gift to me everyday.
I go online,order anything I want, and in 24-48 hours,
my order is sitting in my mailbox, or even better dropped right at my door by USPS.
For technical analysis purposes,
I've put up for illustration a Monthly AMZN Chart.
The long rise in the stock speaks for itself.
If you chose to own just one stock in the market, in the last 10 years , AMZN would probably be it.
I've also Included with this the Monthly "RSI" Indicator.
Perhaps the single best conforming/non-confirming indicator of price trend out there.
So what do you see ..?
Just look.. at the striking Monthly,and Very Bearish RSI Divergence right now in Amazon's stock.
What kind of technical signal is that sending to owner's of the stock ?
A trader friend of mine who writes to me often
tells me"that there are Bearish Divergences "everywhere " in the stock market right now.
And obviously that can't be very good,for the long term health of the market, unless something big changes.
Amazon's mission of conquering all of the world's online shopping business is well documented.
And they seem well along to obtaining their goal,at the financial expense of most retail competition worldwide.
However the striking benefit that Amazon offers all consumer's, including the" best price" around, .
does not appear to apply,.. to the value of their very richly priced stock.
Buyer Beware.
AMZN 1819.01 Last
THE_UNWIND
4/4/19
NEW YORK