Amazon.comShort
Amazon Sell Idea
W1 - We can start looking for sells as long as the last high on weekly chart is holding. Also price is near the end of a potential triple cycle.
Bearish divergence between the last two legs of this bullish trend. RSI already heading downwards after an extreme.
D1 - Bearish divergence (red arrows) followed by bearish convergence (blue arrows) which is a classical reversal setup.
We can look for sells in this Stock, once again as long as last high is holding
NOTE - There is a possibility for some sort of flat correction as well. If that would be the case we will update our plan accordingly.
Bearish divergence between the last two legs of this bullish trend. RSI already heading downwards after an extreme.
D1 - Bearish divergence (red arrows) followed by bearish convergence (blue arrows) which is a classical reversal setup.
We can look for sells in this Stock, once again as long as last high is holding
NOTE - There is a possibility for some sort of flat correction as well. If that would be the case we will update our plan accordingly.
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.