Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Thursday, May 19, 2011
AMZN Amazon Weekly Chart Overbot Rising Wedge Negative Divergence
AMZN Amazon weekly chart showing overbot stochastics, rising wedge and negative divergence, which creates a spank down. Price continues to top and roll over. Best days are behind it. Projection is down, then back up again to current price levels (same behavior as January-February), and then roll over, sideways to sideways down for the months ahead into the end of the year. Turn out the lights, the party's over. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.
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