Another great opportunity to DCA on AMZN in my opinion.
Weekly MAs catching up providing support, trading at long term fib levels, bullish diverfences on the daily. Looking at historical price action we can see the opportunity this presents.
Of course still downside risk!
** NOT TRADING OR FINANCIAL ADVICE **
Weekly MAs catching up providing support, trading at long term fib levels, bullish diverfences on the daily. Looking at historical price action we can see the opportunity this presents.
Of course still downside risk!
** NOT TRADING OR FINANCIAL ADVICE **
Comment:
DCAing further; some support around $2850 golden fib ratio on 2018 major lows to recent ATHs. Oversold levels we haven't seen for AMZN in years on various indicators and timeframes.
