So far, from the top, Amazon's stock price has fallen around 40% to the nearest support.
The next area of highest volume based on a FRVP is around 80% from the top.
Can Amazon's stock price drop 80% after sustaining such a strong trend over the years?
Of course it can, however this seems very unlikely.
The negative momentum currently is more than likely short term and will be used as an area to build more positions for long term investors.
The next area of highest volume based on a FRVP is around 80% from the top.
Can Amazon's stock price drop 80% after sustaining such a strong trend over the years?
Of course it can, however this seems very unlikely.
The negative momentum currently is more than likely short term and will be used as an area to build more positions for long term investors.
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).