Time for a dead cat bounce

Od UnknownUnicorn7245819

Zaktualizowano

AMZN is oversold on the RSI since the earning drop. It should be due for at least a dead cat bounce to 3300-3400.

Uwaga

Just a piece of junk that keeps falling.

Uwaga

So far the rebound is as predicted. The bottom was on Aug 19 for now.

Uwaga

AMZN is going for the gap fill. The gap started at around 3580.

Uwaga

Since Aug 20, AMZN has been making higher high and higher low in the daily candle. It shows no sign of stopping

Uwaga

Reached 3500 resistance today with a little bit of an expected selling coming in. There could be a minor drop in coming days. As long as it can stay above 3400, the trend will be in tact

Uwaga

AMZN is just going side way for the last 2 days. That is expected for a strong move from 3200 to 3500

UnknownUnicorn7245819

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