AMAZON FORMING HEAD & SHOULDERS PATTERN
AMAZON INC has formed on a Daily chart huge H&S pattern. Which makes bearish mood on the stock
And the price is about to retest the neckline. IF we see a breakout of the neckline, analysts expecting bearish continuation.Towards the support line below.
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And the price is about to retest the neckline. IF we see a breakout of the neckline, analysts expecting bearish continuation.Towards the support line below.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.