Amazon shares (NASDAQ:AMZN) rallied within the last few months of
2015, and then began to nosedive from January 2016. This is something that
resulted in a bearish signal.
Further bearish movement was rejected around the middle of February
2016, and the bulls started pushing the price upwards. Right now, the price is
above the EMA 21 while the Williams’ % Range period 20 has gone into an
overbought region. This is a “buy” signal.
Since Amazon is getting stronger and stronger now, it is expected
that the shares would experience a bullish movement in most of 2016.
This forecast is ended by the quote below:
“A
vital short-cut to financial success is to find someone who’s already where you
want to be and copy they do to get the same result. Thais is called “modelling”
success.” – Marcus de
Maria
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
What Super Traders
Don’t Want You To Know: Super Traders
No comments:
Post a Comment