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.
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.