Nathanael
Short

Amazon Selloff will continue after poor ER

NASDAQ:AMZN   AMAZON COM INC
We might see an attempt to fill the gap here after a poor ER, but in the next few months, we should continue to fall overall.

It appears we are on a corrective C wave down, and if A=C, then we could go as low as 245. Wave 4 also ends right in that area, but to be safe, my target range is between 250 and 270.

Good luck

Related Ideas

This is a very plausible scenario. In short term though, it is likely to see price perform "Gap Filling" and trade counter to the overall bearish trend.

"Gap Filling" on Investopedia: http://www.investopedia.com/articles/trading/05/playinggaps.asp
+1 Reply
Nathanael BreakOutArtist
2 years ago
I agree, i will look for an opportunity to short as we fill the gap
Reply
AB-TheRocketman
2 years ago
just looked at your analysis, after looking at Amazon myself... Glad to see someone with a similar idea
Reply
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