Rashad

Amazon Headed Down

Short
NASDAQ:AMZN   Amazon.com
-3 Black Crows Pattern has formed. This is extremely Bearish.
-Support 1 for Fibonacci pivots broken
-Fast MACD crosses under Slow MACD. Both are negative. This is very Bearish
-Stochastic (15,3,3) is showing a sell signal and isn't indicating that AMZN is oversold yet

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.