Amazon had a great run this year
Two main indications that Amazon has reached its peak for this quarter, the MACD is still trending downwards and the RSI is close to being oversold. Many people also speculate that Prime day was not a success. Earnings report will make it clear for everyone this week.
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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.