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.
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"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!
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...
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!
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
AMZN lost -16,83% from it`s all-time by 847.21 (2016/10/16) until 710.10 (2016/11/14)
Meanwhile the 2nd main upside trend broked also - with a GAP! And this GAP is also the 1st target to get back on a bullish track. I am slightly optimistic, but i want a visual evidence - want to see the shares even to trade between 789.49 & 815.43. Buying before is also an...