February 1, 2014

AMAZON Analysis after closing bell

  • Amazon daily chart shows price closing below the range. Range is about 29 points and is likely to target 350 levels.
  • Price has closed below 50 and 100 Day SMA. Sustaining below 100 SMA More falls are likely in Amazon.
  • Weekly chart shows a Bearish MACD cross which is likely to take price towards the channel resistance line first.
  • APPLE EVENING STAR CANDLESTICK PATTERN
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