Amazon stock has flirted with $3,454 many times during April 2021.
With spectacular earnings reported and
AMZN
stock well above $3,500, will resistance now turn into support?
Also, notice how RSI and MFI have completely diverged?
Relative Strength Index (RSI) shows the relationship between a security’s price and its percentage change from the previous period. While Money Flow Index (MFI) factors in volume, price, and time to calculate a baseline number.
With spectacular earnings reported and
AMZN
stock well above $3,500, will resistance now turn into support? Also, notice how RSI and MFI have completely diverged?
Relative Strength Index (RSI) shows the relationship between a security’s price and its percentage change from the previous period. While Money Flow Index (MFI) factors in volume, price, and time to calculate a baseline number.