I mostly follow tech stocks and am a fairly new charter. I have been following AMZN for awhile and it seemed to develop a nice trend line from May through June. Now the trend seems to have changed angles? Does anyone else see this?
At first I thought it might be related to the interest rate changes but the FOMC held steady on the last mtg and there doesn’t seem to be much correlation.
When compared to SPX or DJIA over the last week or so, AMZN seems strong to what almost looks like a reversal (or at least a pullback) in the major indices.
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- Source: https://www.tradingview.com/chart/AMZN/AYY2XTwd-AMZN-still-strong-but-decelerating/
