October 7, 2017

AMAZON Bull Flag and Weekly chart

  • Daily chart shows Price near the resistance line of the Flag pattern. If price gets resisted here another Dip towards 200 Day SMA is possible.
  • For the Bullish trend to stay alive This pattern has to be a Bullish Flag.
  • One warning for the long term investors is the Long upper shadow in weekly chart shown in chart two. But this one will be more prominent only if Daily closes below 200 SMA.