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Brandon_Leu
Aug 21, 2019 6:58 AM

Bearish View on AMZN Short

NASDAQ:AMZN1D
Amazon.com, Inc.NASDAQ

Description

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NASDAQ:AMZN failed to break above its Upward trendline on 3x attempts.

Negative relative strength and FFI indicator potentially points to stock's further weakness.

1st target price at US$1,760 and 2nd target price at US$1,675.

Break above US$1,835 will falsify the above analysis.

Trade closed: target reached

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Price traded as forecast, to a low of USD1,685 less than 1% away from our 1st TP.
Trend Analysiswyckoff
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