Watch-out! - False upside breakout forming
Amazon is creating a potential false upside breakout supported by a strong MACD-H divergence.
If it falls to the blue line then the MACD histogram will likely go negative and Amazon could drop to 2000.
However, this is a really popular the stock is just now - that might slow the supply side and suppress a fall.
If it falls to the blue line then the MACD histogram will likely go negative and Amazon could drop to 2000.
However, this is a really popular the stock is just now - that might slow the supply side and suppress a fall.
Note
Ideas still stands after Friday's trading. Lets see how the markets open tomorrow
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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.