AMZN
failed to break above its Upward trendline on 3x attempts. Negative relative strength and FFI indicator potentially points to stock's further weakness.
1st target price at US$1,760 and 2nd target price at US$1,675.
Break above US$1,835 will falsify the above analysis.
Trade geschlossen: Ziel wurde erreicht:
Price traded as forecast, to a low of USD1,685 less than 1% away from our 1st TP.