PlayerInvictus

AMZN volume pricing and rising wedge update

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PlayerInvictus Atualizado   
NASDAQ:AMZN   Amazon.com
Good morning y'all
Comentário:

well i'll be damned.
Comentário:

Price level current indecisive, formed rising wedge again today.
Comentário:

Yeah AMZN will decline. confirmed. I don't think this will produce false signal. RSI on Vfix is slowly rising. Unless some news come out of AMZN, i would presume it will rise as RSI on Vfix hit bottom twice (triple bottom, even quad bottom is possible, but I doubt it). But will there be a possibility of staying at bottom (rising in price level) you ask? yeah it could, but again most of the indicator states bearish so I doubt it. Even current pattern shows bearish momentum. This confirms it.
Comentário:
Message correction:

Unless some positive news come out of AMZN, RSI on Vfix will likely continue to rise; decline in price level. RSI on Vfix already hit bottom twice and is unlikely stay at bottom (this keeps the price inflated).

Apologies for the poor message. I was typing out loud lol.
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