Amazon, week 5 of a sell signal: the decline is losing steam

Amazon is in week 5 of a sell signal, and the week just closed gained 4.3%, with buying volume back in the majority at 56%. The underlying technical picture still reads more like a decline losing steam than a reversal: the MACD histogram turned negative again after two weeks above zero, and the CMF slipped back into selling territory. Quarterly earnings are approaching, expected in three to four weeks.