Here's Amzn with fibs
130 fib aligns with 50sma and trendline.
Bearish divergence on daily RSI.. looking for a lower high with this next push up followed by a flush.
Upside targets are
137 and if it can break and hold over that then 145 gap close. I don't think it goes higher then 145 before correcting like the RSI foretells and it will only make it back to 145 if spy can break over it's 445 or 50sma.
Below 130 is 127 support
If and when Amzn ever breaks 127 it's coming back down to 113-115
I'm short term bullish long term bearish here
130 fib aligns with 50sma and trendline.
Bearish divergence on daily RSI.. looking for a lower high with this next push up followed by a flush.
Upside targets are
137 and if it can break and hold over that then 145 gap close. I don't think it goes higher then 145 before correcting like the RSI foretells and it will only make it back to 145 if spy can break over it's 445 or 50sma.
Below 130 is 127 support
If and when Amzn ever breaks 127 it's coming back down to 113-115
I'm short term bullish long term bearish here
Comment:
Amzn.
If 140 holds to start the week,, I'm Looking for a dead cat bounce back up to 142-143 before H&S down to 137
If 140 holds to start the week,, I'm Looking for a dead cat bounce back up to 142-143 before H&S down to 137
Stop loss 146.50
Bumping it's head on split channel