amazon daily chart

Amazon sideways movement with bearish tones. this formation could easily lead to a downtred. Oberving the chart leads to a breakout with a pullback. Stoch gives a buy but without breaking 228 level i would not consider it an uptrend. Rsi has reach the critical 60 level where a failure swing could easily trigger a new sell position. Caddlesticks formations show bearish sentiment also. Anyway everything shows sideways so no new positions will be opened until a new trend will begin.


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