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Yuriy_Bishko
Feb 4, 2020 8:04 PM

Amazon Com Inc (AMZN) is under the STRONG Resistance!!! Short

Amazon.com, Inc.NASDAQ

Description

We can open Sell under the Resistance Level.
Reasons:
- the price is under the Strong Resistance 2050.50;
- it was a GAP a few days ago, and it can be closed;
- potential profit will be 3 times bigger than the risk.

Dear followers, the best "Thank you" will be your likes and comments!
Before to trade my ideas make your own analysis.
Thanks for your support!
Comments
PhilippeDelpCFA
At first look I would agree with you but seems like it will be hard for Amazon to go under 2000 after the smash out earnings

So I still watch from now at around 2050
Yuriy_Bishko
@PhilippeDelpCFA, thanks for sharing your thoughts
ProjectSyndicate
hey Yuriy, this is great, very good!
Kituu
@Yuriy_Bishko ,why would I ask a question when you never respond. 'NZDUSD analysis you never responded to my question' 😂😂😂My last comment lol.
Yuriy_Bishko
@Kituu, not always)
Yuriy_Bishko
@Kituu, good luck in trading
lux20t
75% of Amazon shipments are of chinese origin. I don't think anyone can measure the impact recent supply chain disruptions will have on our economy..or Amazon
Yuriy_Bishko
@lux20t, don't you think it's a good Chinese plan?
GodfreyWillisJr
Very good analysis, but you gott look at the bigger picture..... this is a break out from a ascending triangle dating back to September 2018. With an earnings as a strong catalyst, there's no way it would sit below unless it was coming down for a short retest
Yuriy_Bishko
@GodfreyWillisJr, we will see it soon)
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