Timonrosso

AMAZON to crash to $80

Short
NASDAQ:AMZN   Amazon.com
This analysis I do out of doubt.
The charts show an INverse Cup and Handle.
The moving averages are all down 200 > 21 > 7MA
Target 1 seems to be $80.70.

CONCERNS:
The $100 support level is extremely strong and price doesn't seem to price below.
I would go short but knowing this is a medium to low probability trade.

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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