Amazon stocks have been in a long bull run since 2006. However, the MACD has been showing bear signs since november 2018, and it's only natural that a correction event happens after such a steep climb. Please take a good look at how bearish the MACD looks on the monthly chart.
If you've had some profit with amazon throughout the last years, it might be a good time to be grateful and gratefully take some profits!
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this post and any other posts that I make is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be the best for your individual needs.
The posts I make are only my perspective of the things I post about. Nothing is a recommendation to either buy or sell anything! The posts are only ment for either information or enterteinment purposes.
If you've had some profit with amazon throughout the last years, it might be a good time to be grateful and gratefully take some profits!
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this post and any other posts that I make is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be the best for your individual needs.
The posts I make are only my perspective of the things I post about. Nothing is a recommendation to either buy or sell anything! The posts are only ment for either information or enterteinment purposes.