Amazon chart weaknesses
The biggest stocks in the market, from the technology sector, tops on July 2024. Now they are showing some concerning data. The weak RSI and Fibonacci retracement levels perfectly match previous support and resistance levels. There are also other concerning factors.
Amazon shows lower levels in the RSI in the latest move-up. It is now behind the pivot line from 2022 and having resistance there in the bounce from the 0.382 Fib level.
Amazon shows lower levels in the RSI in the latest move-up. It is now behind the pivot line from 2022 and having resistance there in the bounce from the 0.382 Fib level.
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Related publications
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.