$Amazon.com(AMZN)$ For this to turn into a positive momentum trend, I'd want to see two things. First, it needs to trend above the 21-day moving average and stay above that line. Second, the 5-day EMA, which is curling up, also needs to cross above the 21. If both happen with volume, my guess is this heads toward resistance at 272.00. Some sort of confirmation above the 21 would be very bullish.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments