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(AMZN) CRUCIAL WEEKLY CHART ANALYZE !

NASDAQ:AMZN   AMAZON COM INC
65 1 3
( amzn             ) crucial weekly chart analyze !
in our weekly chart ( amzn             )look very vulnerable.
after piercing engulfing pattern we heading to close
the week with "shooting star" that comes from (lh no'1).
in our model it's create a cluster for short on a breakdown of 802.75
if so, 750/40 area will be seen fast.
only breaching 843 to the upside in the next day negate this scenario.
*** so it's all about the earning after hours.
*** see the "candle chart" to recognize the pattern that we tacked about.
Trade closed: target reached: https://s16.postimg.org/403ij125x/2358175bc62f3e3.png


Advanced Description:
31/10/16

indeed after the earning (amzn) decline to the crucial support
that we gave here 740/50 area.
it's rallied from there to 787 (now at market). 791 is a very
crucial res. only breaching it can create a new leg up. under it
and 740/50 area is to be seen again !!!
Comment: all, but all we wrote and illustrated was more than accurate.. !!
for all those who used it to trade and asked us:
the profit from shorting (amzn) at the 790 area is approximately
between +5.5 / 7.5% (now amzn is at 732).
so it's ok to take profit for at least 1/2 position and must
to place stop at 769.50 to hedged +2.65% as minimum !!!
we continue to stand behind the weekly illustration and numbers on chart.
http://www.interload.co.il/upload/7083320.png
https://s16.postimg.org/403ij125x/2358175bc62f3e3.png

https://s16.postimg.org/wcz09hnw1/2358175bc62f3e3.png

Advanced Description:
31/10/16

indeed after the earning (amzn) decline to the crucial support
that we gave here 740/50 area.
it's rallied from there to 787 (now at market). 791 is a very
crucial res. only breaching it can create a new leg up. under it
and 740/50 area is to be seen again !!!
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