AMZN - is in risky zone
AMZN has been trading in channels since January 2016. Right now it is trying to re-enter bullish channel. RSI and CCI show +ve direction. But, I don't show enough money flow to support bullish direction. Also, it is showing formation of Head and Shoulder pattern. I think this is in very risky zone. If it doesn't break the resistance line then there is a huge chance of sell off.
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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.