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InvestmentSentry

AMZN Diamond Top? $500-700 target move

Short
Amazon.com (NASDAQ:AMZN)  
InvestmentSentry Updated   
NASDAQ:AMZN   Amazon.com
Chart Patterns diamondpattern diamondtop AMZN
3
6
chartpattern diamondpattern diamondtop amzn
AMZN completing this diamond by 12/7. If it breaks down I am expecting a big move down.
Comment:
Bulls need this orange trend line to hold or I'm expecting 3000 easy. Below 3000 would be an attractive buy with a stop below 2870.
Comment:
Redrew trendline.
snapshot
Comment:
Prime trend line did not hold and may have failed backtest. Expecting this to make a strong move to get back up soon otherwise continued grind lower.
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