Be very careful with Amazon.
It is making decreasing highs, it is a sign of exhaustion of bullish force.
You have to watch that it does not break the 250-period moving average, it is an average that works very well with amazon and has respected it many times
If the price reaches the sell zone and crosses it, the price will want to go down to 2706.56, even down to 2394.12.
So be very careful, watch that it does not break down.
It is making decreasing highs, it is a sign of exhaustion of bullish force.
You have to watch that it does not break the 250-period moving average, it is an average that works very well with amazon and has respected it many times
If the price reaches the sell zone and crosses it, the price will want to go down to 2706.56, even down to 2394.12.
So be very careful, watch that it does not break down.