Amazon is a monopoly, but per latest news- they did not hit their target last quarter. Per, 1 day chart, PA is making a DOUBLE TOP now. If you look left, PA resistance area is around 850.00 area. In my opinion, when RSI indicator red line is broken, for confirmation, will be trading bears/selling.
Appears to be done with Elliot Impulse Wave (12345) up this week & will go down to around $800.00 the rest of February. Good luck & always, price action is priority and money management.
Appears to be done with Elliot Impulse Wave (12345) up this week & will go down to around $800.00 the rest of February. Good luck & always, price action is priority and money management.