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zAngus
Nov 6, 2022 7:36 AM

Will we get a 20% bounce out of Amazon? 

Amazon.com, Inc.NASDAQ

Description

The cheap can always get cheaper, but the last couple of times Amazon has had a drop like this sending the RSI into lows we have ended up with a 20% or so bounce. Will be interesting to see if it happens again this time around or whether it continues its downward slide without the recovery rally.

One to watch.

Comment

Gained as much as 40% off the January lows before dropping again on earnings. Nice run.

Comments
RLB512
That bullish rsi divergence played out nice!
zAngus
@RLB512, yeah, Im still holding. Be interesting to see what will happen to it if the market gets thumped again.
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