AB-TheRocketman
Short

AMAZON Descending Triangle with Initial Target @ $313.91

NASDAQ:AMZN   AMAZON.COM INC
Amazon has been performing below investors expectations for the past few quarters and the investor sentiment is starting to turn sour as expectations are not being met in time. From a technical aspect the Descending Triangle is proving a trading opportunity with a INITIAL TARGET of $313.91, the Elliott Wave formation also supports this trend. UPWARD BREAK @ $327.09 should be watched as a reversal of the downward trend over the next few weeks.
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