I found this interesting … BABA vs AMZN

I love ratio analysis … X/Y.  If X stronger then the chart goes up and if Y is stronger then the chart goes down.

the AMZN/BABA ratio is showing some signs of a coming bounce in the strength of AMZN vs BABA:

  • .618 retracement from the all time low of the ratio
  • a ‘basic’ minimum downside projection from the neckline of the ratio
  • bullish divergence on the weekly RSI …

as you can see … AMZN took the strength from BABA for about a year .. then they were neck-in-neck (shown as the H+S developing) then in June 2017 BABA took off and started to outperform …

will be interesting to watch … found it interesting this morning.

Bart

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