This forecast is based on algorithmic analysis using Artificial Intelligence and big-data.
797/800 next R, support @ 775
Looking for a pull back on Amzn.. it can go up forever.
Bulls in control with rising RSI, needs more fuel with ADX
AMAZON will head for 585 once the ending diagnal is finished
AMZN's chart is just beautiful right now. Pushing through 70+ RSI with almost 40 ADX. Look for a fall below 70 RSI with a MACD drop for a short term pullback, but soon the 760's will be a thing of the past
Lacking momentum, watching closely
I really missed that one in the makings... Textbook hammer candle on Amazon, yesterday, and the stock is up quite a bit already. However, with the momentum that AMZN has got going, any shallow dip should be bought, especially when it ends with a Hammer. I'm a bit obsessed with hammers. Slow stochastics are also bottoming, so possibly indicating a good swing trade...
Brown lines show forecasts based on alfazens' algorithmic analysis using Artificial Intelligence and big data: www.alfazen.com
The forecast is based on alfazens' algorithmic analysis using Artificial Intelligence and big-data: www.alfazen.com
50 SMA below @742, likely retest
Sell now =D fib cluster 61%/38%, resistence, trend line, wma 100