Full shooting start completely outside of the 2STDV Bollinger Band range after parabolic run up primarily based on hype and closed right below the 100DMA break point. No real support until at least around 25.
A quick review of every time in recent history where RSI has dipped below the -40 threshold clearly shows a strong AMZN reversal. Friday's 2.3% sell off pushed RSI down to this level once again. Sometimes it takes a few days to reverse and runs a week or so at the bottom, but in every case it surges back. Will this time be different? No real reason to think so. In...
