AMZN is acceptable due to holding the 200-day moving average, but suffers from underperformance caused by neutral momentum within a downward trend.

Amazon, I would say it's a little more worrying because it's declining significantly. Amazon had already set a new one-day record at the beginning of August, which was its highest level ever, and it has been declining ever since.

This happened with the earnings announcement, didn't it? On July 30th.

So, there was a large upward gap, but that was all. The fact that the stock gapped up upon the announcement of early earnings and then faced continuous selling pressure from that moment on.

We have broken the 21-day exponential moving average . We have now broken the 50-day moving average . We recovered to test the 50-day level and now we are falling back again. It seems that the 200-day level is the only thing left.

Therefore, I would put it in the "acceptable" category because it has not been rising in the last six to eight weeks, but we are still maintaining the 200-day level, which means it is acceptable.

The momentum is completely neutral, but the problem is that neutral momentum with a downward trend means you are underperforming.

Charts that tend more to the side or are in a consolidation state are easy to identify, and Alphabet and Amazon fall into this category.