Databased

Amazon short with RSI/STOCH 100% correlation

NASDAQ:AMZN   Amazon.com, Inc
1
For the last 1.5 years 100% of the time RSI has exceeded 69.79 and the Stoch has exceeded 80 amazon's stock price has fallen. With the discover of this information I have become significantly more confident in amazons ability to continue its upward trend, as neither the Stoch or the RSI are close to their required thresholds. I will be watching amazon closely for the next couple days and plan on initiating a long position if the indicators continue to stray from there critical points.
-Databased
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.