worldsapart89

AMZN bull run to end in the short term

Short
NASDAQ:AMZN   Amazon.com
Bulls are running out of steam.

- The last few candlesticks show bearish momentum could start soon as we failed to hold on to May's high.
- A dark green bar shows on the (TTM) Squeeze momentum.
- Bearish divergence on CCI.
- Ergotic MACD is moving up which suggests the price will go down.

I expect a retracement between 0.382 and 0.5 before the bull trend is established again.
Disclaimer

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.