For the second time in 2023 Amazon.com inc. (AMZN) had a gap up on a quarterly earnings report. The current instance could be much more bearish than the January gap up. Note the RSI now has a bearish divergence while there was none in January. MACD lines has a bearish divergence.
Additionally, on 08/04/23 AMZN ended the session at the low of the day.
Those buying AMZN at the open of 08/04/23 could soon be experiencing PAIN!
Additionally, on 08/04/23 AMZN ended the session at the low of the day.
Those buying AMZN at the open of 08/04/23 could soon be experiencing PAIN!
