RSI convergence spotted on $AMZN
Looks like the daily chart on Amazon is showing a bit of RSI convergence. If you're unfamiliar you can read up on the subject here, luckscout.com/rsi-divergence-and-convergence/ .
The first bounce that isn't a lower low should signal the beginning of this move up, but wait until we are through local resistance first. The 13MA looks like it could be tough to move through.
The first bounce that isn't a lower low should signal the beginning of this move up, but wait until we are through local resistance first. The 13MA looks like it could be tough to move through.
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