I have been short Amazon since 1870 and am currently in good profit. Amazon has been overvalued for a long long time. If people do not regain confidence in the stock it will drop much more.
Clear bearish divergence on 1H chart. RSI at record level on weekly chart as well.
I am predicting it will reach the green area be the time and date shown
We are expecting Amazon to come down and test our very strong trend line that's ben touched 6 times before and bounced every time, then we are expecting a further bullish movement with some good news expected to be released. All TPs and SL are reserved for our clients, you can inbox us if you are interested in joining.
Mastercard is overvalued now. Its good time to short
Bearish divergence on the MACD & RSI. Parabolic run up. Top resembles rising wedge. New paradigm
Hey Guys, "Against the odds trading" opportunity, shorting Amazon after a weak retracement from earlier highs - targeting 1500 - 1600 levels - short play. Might lock up the profits and extend the short for a fundamental play - a reversal! We shall see in due course. Keep it tight, Keep it Real!
Shorting to fib 38.2 Levels - See how the price stopped at Fib Ext 1.272 levels....so mostly it will now correct to 61.8 levels. T1 - 38.2 T2 - 61.8 Look at those ....
Playing out a similar pattern to February (same trend), running into resistance at 1615. Compound this with RSI divergance (lower highs), I expect a fall off to 1450 where support may allow a further fall to 1350
I have traded crypto-currencies for 5 years and I have traded various OTC stocks. It has come to my attention that YOU the trader should short Amazon. It is extremely overvalued and you will have a better chance of making money on the way down (far more selling momentum at play) than you ever would betting long for the next Quarter. The bear market is coming so to...
And the plant continues giving bananas.... yes, obviously SHORT!
Amazon uptrend is over guys! let's short this overevaluated company - First target is at 1000 USd. Fundamentally speaking, Amazon has a P/E = 317!!!!!!! Warren Buffet suggests to buy companies for a long- term investment when they have a P/E = 5 combined with other conditions! Guys let's short it with confidence!
SW1 Chart with possible equal gain as BTC, this can not be real for Long term investion. Next Short Targets via Fibo retrace
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron
I will like to post this chart only with scientific purposes in order to prove the butterfly effect, enjoy
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron