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BlockTechEv

AMZN READY TO GO LOWER

Amazon.com (NASDAQ:AMZN)  
BlockTechEv  
NASDAQ:AMZN   Amazon.com
Trend Analysis Chart Patterns Technical Indicators oversold AMZN swingtrading daytrade Candlestick analysis
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trendanalysis chartpattern indicator oversold amzn swingtrading daytrade candlestickanalysis
AMZN has not finished its downward bearish trend yet.

- MACD indicating strong sell power
- Consecutive large red candles
- Declining RSI at 31
- Candles trading below the SMA100 line

Furthermore there is a support around $2885 which has become the new supportline and my estimate to where the price will retrace.

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Thank, Ev
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