Post war moves on have risen all boats, including that of Amazon - from 200 to 250$, however this move now is looking very exhausted. There are Demark exhaustion signals S13 on weekly, perfected 9 on daily. On weekly charts, indicator divergenes is also very apparent. Moreover the price is almost touching the top trend line very soon.
While a fundamentally good company, rather not block your investment money in Amazon until next cycle (2-4 months).
While a fundamentally good company, rather not block your investment money in Amazon until next cycle (2-4 months).
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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.