liberatedstocktrader

$AMZN 11% drop in 9 Days & 2 Days Of Bear Indicator

Short
NASDAQ:AMZN   Amazon.com
While Amazon is a great company, no doubt, the technicals tell us that the short term trend is down. Buyers are just not that into you at these prices and PE. Negative divergences on the indicators and the "Stock Market Crash Detector" registering 2 days of Bear Market. I sold my holding of amazon last week, so will be waiting for a buyin over the next weeks, when the market participants change their sentiment.

Barry D. Moore CFTe Financial Technician
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