AMAZON - Strong Sell - Wave 3 Short

Amazon.com, Inc.NASDAQ

Description

⋅ Oct 14, 2019 7:43 PM

NASDAQ:AMZN remains a Strong Sell!

Analysis Method: Fibonacci & Wave Theory

The Super Cycle is over.

Investors and Main Street have serious concerns over Amazon's power and data collection methods.

Examples:

Privacy advocates concerned about Amazon marketing facial recognition to Ring doorbell police partners
abcactionnews.com/news/local-news/i-team-investigates/privacy-advocates-concerned-about-amazon-marketing-facial-recognition-to-ring-doorbell-police-partners

FTC Commissioner Rohit Chopra on Big Tech’s antitrust reckoning, and implications for investors
geekwire.com/2019/ftc-commissioner-rohit-chopra-big-techs-antitrust-reckoning-implications-investors/

Please see related idea for further analysis.

Will update.

-AB

Comments

TheFirstMan

⋅ Oct 15, 2019 7:08 AM

with your logic, stock market would not grow to what it is today, you cant flash TA on a bullish market and think AMZN is going to lose ~50% of it's value because of a TA example.