Amazon looks exhausted
By:TradingView
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Post war moves on have risen all boats, including that of Amazon - from 200 to 250$, however this move now is looking very exhausted. There are Demark exhaustion signals S13 on weekly, perfected 9 on daily. On weekly charts, indicator divergenes is also very apparent. Moreover the price is almost touching the top trend line very soon.
While a fundamentally good company, rather not block your investment money in Amazon until next cycle (2-4 months).
While a fundamentally good company, rather not block your investment money in Amazon until next cycle (2-4 months).
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