On the week of 13-July, we got the first bearish signal when AMZN printed a strong bearish candle.
Last week we got the confirmation... Another bearish candle came in with a decreasing volume.
The MACD is looking ready to drop, it shows plenty of room available to move lower.
Amazon (AMZN MACD W)
The RSI has been building up on bearish divergence since...
Buy point of the $AMZN is $2,525.55 which just above the resistance.
12 months Consensus Price Target: $2,566.87
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