dybsmeister

Amazon weekly, 30% drop ?

Short
dybsmeister Updated   
NASDAQ:AMZN   Amazon.com
We have just recent established a upper trend line.
The fib 1.618 from previously high/bottom is at 2520.
Target would be 1750 area, but depends on tempo

Going short, no. The trend is to strong, but good indicator for index if we start to se a drop around these lvls.
Comment:
hmm turned nicely at the 2520 area
Comment:
Down 6% from high at 2370 ish
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.