Bearish View on AMZN

21 Ağu 2019

AMZN failed to break above its Upward trendline on 3x attempts.

Negative relative strength and FFI indicator potentially points to stock's further weakness.

1st target price at US$1,760 and 2nd target price at US$1,675.

Break above US$1,835 will falsify the above analysis.

4 Eki 2019

İşlem kapandı: hedefe ulaştı

Price traded as forecast, to a low of USD1,685 less than 1% away from our 1st TP.