AMZN wait and buy the dip

5 Ağu 2019

Waiting for AMZN to come back down to Fib retracement levels, along with previous resistance turned support at $1776.00. Falls in line with upward trendline and AMZN is currently very oversold in that RSI is at about 30. Strong possibility of a bounce at levels indicated above. Short bounce before going down further is also possible due to RSI showing it is very oversold.