March 15, 2018

AMAZON.COM Bearish engulfing | One hour charts

  • Amazon daily chart has a bearish engulfing pattern. As of now there is no momentum or followup price action for bearish engulfing.
  • Bigger weakness for the stock only if price starts to stay below 1578 levels. Bearish engulfing will stay intact till 1617 is not taken out.
  • Hour as of now is looking weak at the top.

No comments:

Post a Comment