AMZN is bearish and we are looking for more downside.
Signs of weakness:
1- KUMO cloud is turning red
2- Price is currently sitting and 100 EMA and Senkou Span B. Let's hope we find support there but i doubt.
3- Huge selling volume
4- RSI showing weakness and heading into oversold territory
Signs of weakness:
1- KUMO cloud is turning red
2- Price is currently sitting and 100 EMA and Senkou Span B. Let's hope we find support there but i doubt.
3- Huge selling volume
4- RSI showing weakness and heading into oversold territory