Amazon (AMZN)     
Failed to break above its Upward trendline on 3x attempts.   

Negative relative strength and FFI indicator potentially points to stock's further weakness.   

1st target price at US$1,760 and 2nd target price at US$1,675.   

Break above US$1,835 will falsify the above analysis.

Disclaimer applies.

Popular posts from this blog

MIT: Expecting Change of Momentum after Existing Downtrend Line

Chart Review: Xiaomi (1810:HK)

Expecting Further Upside for Tencent (700:HK)