darcy kincaid

AMZN reaches All time High targets

NASDAQ:AMZN   AMAZON.COM INC
114 1 3
Our original Long Term analysis on 9/10/2012 / stated " From a technical standpoint however, the chart is a fine example of a stock that is poised for another large jump in price, Long Term. As traders and investors we must trade the chart and not allow our opinions to beguile us into fighting the chart." Of course AMZN             hit 408ish a profit of $150 ish             from the original analysis.
H&S pattern trying to form. The further AMZN             retraces, the better for the LT             outlook unless there is some fundamental reason for a lower share price LT             .
Our clients always receive entry and exit levels analysis long before price approaches which enables then to plan their trades well in advance.
Current Short working well with eventual targets much lower. Time will tell.
Here's the whole "original" analysis: "AMZN is probably in a class by itself as one of the few companies that enjoys a long history of bullish price action with no appreciable profit to justify such loyalty. It's ultra thin margins are legendary and shows that logic is rarely a component part of a large investor's skill set. Fundamentally there is no justification for the stock 's lofty price.

All the supposed tremendous future profits that are to be reaped, as expounded for years in the company's earnings calls, have never materialized and never will, in our opinion. It is painfully obvious that Bezos and company are masters at selling a story, but totally inept at pricing goods and services that people are actually willing to pay a price for that will generate any reasonable profit.

From a technical standpoint however, the chart is a fine example of a stock that is poised for another large jump in price, Long Term. As traders and investors we must trade the chart and not allow our opinions to beguile us into fighting the chart.

The Long Term Short that was sold aggressively 1 year ago reached it's 1st target, but has since retraced to the point of failure before reaching the critical 2nd target. This situation rarely results in the original 2nd target being reached.

The current Intermediate Swing Short entry corresponds closely with the LT Short failure level, and doubtless some reaction will take place and we have identified it's 1st target on the chart. What we are particularly interested in is whether price can advance sufficiently at this point to definitively negate the LT Short setup.

If long from area identified on the chart, a counter-trend short is indicated at this point, having clearly in mind the r/r and the need to be nimble in trading these types of setups.

Trade the chart and trade safe"
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