gingerheadtrader

Global Economy in trouble

Short
NASDAQ:AMZN   Amazon.com
Trump needs to pull a miracle out of his orange bottom. A trade deal with Xi is the only thing that could possibly save this from happening and Trump knows it, which is why we are getting daily tweets reassuring us that it will. This idea is just one of my few ideas I see when I look at $AMZN, this one is the most bearish obviously. A 60% retrace would be a great entry though. If you look at the chart in a 1 year time frame it also looks like it could be forming a head/shoulders? Whatever happens in the coming weeks, I'll play bullish and bearish news swings on $AMZN, but this idea will always be in the back of my head so position sizing will be small. The follow up on this in a couple of months should be really interesting.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.