So far, from the top, Amazon's stock price has fallen around 40% to the nearest support.
The next area of highest volume based on a FRVP is around 80% from the top.
Can Amazon's stock price drop 80% after sustaining such a strong trend over the years?
Of course it can, however this seems very unlikely.
The negative momentum currently is more than likely short term and will be used as an area to build more positions for long term investors.
The next area of highest volume based on a FRVP is around 80% from the top.
Can Amazon's stock price drop 80% after sustaining such a strong trend over the years?
Of course it can, however this seems very unlikely.
The negative momentum currently is more than likely short term and will be used as an area to build more positions for long term investors.
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.
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.