AMZN is in a clear bull pattern with prices trading at the mid level of the uptrend channel.
A small correction may be quite possible in the very short run given the "overbought" situation of the Stochastic RSI that will obviously need to reset.
MACD shows an uptrend too.
My overall idea on the stock is that it should appreciate even more in the medium term so, overall, I'm bullish on it.
***Not a trading advice, merely my idea for informational and educational purposes only***
A small correction may be quite possible in the very short run given the "overbought" situation of the Stochastic RSI that will obviously need to reset.
MACD shows an uptrend too.
My overall idea on the stock is that it should appreciate even more in the medium term so, overall, I'm bullish on it.
***Not a trading advice, merely my idea for informational and educational purposes only***
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