Golden-Dragon
Short

AMAZON - Doomsday is quite within our reach !

NASDAQ:AMZN   AMAZON COM INC
Hi, today we are going to talk about Amazon and its current landscape.

The situation at the Amazon it's not comfortable, after the breakout of that Downtrend Line of this chart pattern. The trigger of this trade would be the retest of the Downtrend Line and the first target would be the 61% Level of Fibonacci of the last Bullish movement.

Thank you for reading and leave your comments if you like.
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Good stuff
+1 Reply
I think these days it has become that the "market" (SPX, SPY etc) technicals seem to be determining what happens to the major components of it rather than the other way. Outsized inflows into the index funds and the ever rising popularity of passive index investing could be at the origin of it. Hence, it would be interesting to lay over the technicals of the relevant index on top of the individual (popular) stocks to gain a unique perspective. Would appreciate any insights into this hypothesis. Thanks!
+1 Reply
how do you get so many calls in such a short time with only 270 followers ?? doesn't want to offend you but looks to me very strongly after bought clicks
+1 Reply
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