Get started
BlockTechEv

AMZN READY TO GO LOWER

Amazon.com (NASDAQ:AMZN)  
BlockTechEv  
NASDAQ:AMZN   Amazon.com
Trend Analysis Chart Patterns Technical Indicators oversold AMZN swingtrading daytrade Candlestick analysis
8
0
trendanalysis chartpattern indicator oversold amzn swingtrading daytrade candlestickanalysis
AMZN has not finished its downward bearish trend yet.

- MACD indicating strong sell power
- Consecutive large red candles
- Declining RSI at 31
- Candles trading below the SMA100 line

Furthermore there is a support around $2885 which has become the new supportline and my estimate to where the price will retrace.

Hit like if you found this helpful.
Thank, Ev
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.