Razvan

AMAZON - Bearish Engulfing

Short
NASDAQ:AMZN   Amazon.com, Inc
0
Last week, the price for the Amazon shares has fallen pretty good. We can see formed a Bearish Engulfing , right at the superior line of the channel, that might signal a correction which could retest the 242.28 support level . Another thing that is sustaining this theory is the down path of the volume on the uprising impulse of the trend, but also a spike on the last weekly candle.

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.