Technical Analysis – Amazon stock tumbles from record high; still bullish in long term

Amazon stock price reversed to the downside after the aggressive bullish action to the all-time high of 2,458. The RSI indicator is turning lower from the overbought zone, while the stochastic oscillator fell from the 80 level following the bearish crossover within the %K and %D lines. However, the MACD is still extending its bullish […]