Technician

AMAZON Way Too Far (Request)

BATS:AMZN   AMAZON COM INC
317 0 3
A Regression line attempts to describe and fit data distribution in a single line, and thus summarize and present the distribution of the data in a single line.

Accordingly, for traders, price should readjust towards this line when a deviation is seen.

AMAZON shares are trading 4-std away from its regression line, although i have a bearish bias, there is nor confirmation of a reversal yet. It is a good idea to zoom into the daily chart and wait for a support break before shorting

https://twitter.com/thefxchannel
thefxchannel.com
My live trades here https://telegram.me/joinchat/DgsnQ0FzifLqyI2YAoMqqQ
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out