$AMZN / #Amazon | 4H Stock Trade Setup Update ● Current Status: Amazon is showing signs of weakness
1 year ago
5
$AMZN / #Amazon | 4H Stock Trade Setup Update
● Current Status: Amazon (AMZN) is showing signs of weakness, with price action indicating a potential bearish trend.
● Technical Indicators: The downward movement is supported by falling money flow, declining momentum, and a negative VWAP (Volume Weighted Average Price). Additionally, there is a bearish divergence present.
● Outlook: Traders are advised to stay cautious and look for confirmation of this bearish trend. The alignment of these technical indicators suggests a challenging outlook with potential for continued downward movement in Amazon's stock price.
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