I went and compared the 2000 dotcom bubble burst to the 2018 cannabis bubble burst and i think there is a eye opening similarity.
I see Aurora as a big player in the cannbiz but their delution on the shareholder will hurt the stock price even more. In my analysis there is a decline of another 50% to come and if you look at ...
Hyperwaves are a subset of bubbles, there are MASSIVE bubbles.
When I saw this was made public I whined inside because it means then it stops working, but the wall street market cycle thing has been available for a while, and it still works PERFECTLY. PERFECTLY. It is as if the more information is made available, the more people fall for the same mistakes again ...
Looks like the stock market is getting ready for a relief rally. We can see inverse H&S patterns with most of the stocks. If this smaller inverse H&S plays out, we could see it becoming the start of the right shoulder of a bigger (ugly shaped) H&S.
Mongo DB is off 18% this week due to Amazon making announcement they will offer similar cloud data services.
Watch for basing at 74 back up to $80 on fib retrace on next week. MACD showing blue crossover this week.
Entering NASDAQ:AMZN on the weekly pivot at 1450 is a gift that keeps on giving. We're seeing market oversold levels worse than the 2008-2009 crash. The market is the most oversold it's been in 10 years and Amazon is sitting on a weekly pivot...you do the math. Will ride at least back up to the top of it's multi month range at 1800.
Amazon is ofcourse the biggest retailer, but in the last 3 years it was up almost 7x at its highest and the parabolic euphoria game got finaly broken in september.
rRight now they play at a p/e ration of around 100. Yes 100. Now let the consumer spend a little less because of the overall economic situation and higher costs ...
Dear friends. I want to express my opinion on the US economy. Based on the SPX500 index and graph, it can be seen that the trend for economic growth has changed to negative. We all know very well that economic growth is not possible without a crisis. The vertical growth of the economy forever can not be. 2019 will be very difficult because of trade war and ...
Interesting setup developing on AMZN chart. We can see an inverse H&S near completion. In this case, the neckline corresponds with the 200 MA and Q4 earnings date on January 31st. Strong holiday business + black friday sale could possibly lead to a positive surprise and add to the positive momentum, confirming a sustained trend reversal.
Let's see how this plays ...
VEMOS A AMAZON EN UN CANAL BAJISTA , CON SUS RESPECTIVOS AREAS DE SOPORTES Y RESISTENCIA , AMAZON PARECE QUE QUIERE CAMBIAR SU TEDENCIA BAJISTA , SI ROMPE, ESA RESISTENCIA Y LA DIRECTRIZ BAJISTA BUSCAR COMPRAS FUERTES!