AMZN Daily
3.21 % of SPX
Broke above weekly ichy cloud on 7/3.
RSI(12) weekly at 63.94 shows signs of topping.
above daily ichy cloud
rising 50 day ema rising faster than 200 day ema
accum.distr trend is declining
My take: currently it is running in a solid channel. As long as that channel doesn't break, it is a good dip buy long. RSI(9) on daily showing some decline, but there is a good floor underneath the RSI, which tells me this stock still has some good momentum. a Gann line at 127.29 would be an area to look.
Broke above weekly ichy cloud on 7/3.
RSI(12) weekly at 63.94 shows signs of topping.
above daily ichy cloud
rising 50 day ema rising faster than 200 day ema
accum.distr trend is declining
My take: currently it is running in a solid channel. As long as that channel doesn't break, it is a good dip buy long. RSI(9) on daily showing some decline, but there is a good floor underneath the RSI, which tells me this stock still has some good momentum. a Gann line at 127.29 would be an area to look.
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