AMZN approaching hourly oversold for potential daily higher low
AMZN has been a lead bear all morning in the face of market strength and this seemingly endless rally. All along the question has been, what will the market do when names reach their first hourly oversold conditions (Hourly RSI <= 30)? Looks like AMZN could be the first to reach those conditions. So, eagerly watching to see what happens 🍿
Note
Reached hourly oversold this morning right on the open and bounced after that. We will see if that was the daily lower high or if more hourly lows are coming...
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I release TradingView indicators and libraries designed to make you a better trader. For detailed info about them, head over to improve.trading
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.