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aiternal
Oct 2, 2020 2:32 PM

A Possible HS will Form for AMAZON Short

Amazon.com, Inc.NASDAQ

Description

It was told by some analysts that a HS formation is building up for NDX and parallelly it can be more obvious on AMAZON chart. I expect such a formation in short term. I would like to hear your valuable thoughts. Thanks..
Comments
HenryGift
i exstimated a retracement down to 2600 similar to March this year about similar percentage drop below 200SMA but 1600 ia just too deep. we shall see.
Kay_Zee
What is HS?
aiternal
@Kay_Zee, Head And Shoulders Pattern
Kay_Zee
@aiternal, Thank you
KairavP
I dont think the price will go back to 1600 or anywhere near that.
ss7pro
@kboy112255 if amazon would go back to $1600 during this year this would be the end of usa economy and in general the end of economy as we know today
aiternal
@ss7pro, it looks that impossible as decrement will be around 1500 usd but a similar fall happened for Apple in one year 8 years ago. 40% fall. And relief programmes contributed stock market to go so high after pandemic. We are experiencing a time to be ready for impossibles, especially in 2020.
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