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NetscapeShort
Mar 3, 2021 6:42 PM

AMZN - look out below Short

Amazon.com, Inc.NASDAQ

Description

Long volatile wedge since June, no traction.
Every up day followed by strong volume down.
Higher lows, but failed to get near ATH in rallies.
Fell out of the wedge, no volume support below.

Bear case:
Margins healthy but Bezos is gone, uncertain direction.
Competitors building, regulator risk.
Market is skeptical of 5-10y continued earnings

Current long term long position, considering exit
Comments
It_Is_Randy
I'll take 2900 or lower tomorrow...
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