Amazon triangle
A symmetric triangle can be considered as a continuation pattern.
The only thing that worries me is that the market is highly valued. And amazon PE ratio are near 100 (compared to the Internet - Commerce industry's P/E of 51.20). next earnings will be published on 2. february. Then we will see if amazon will surprise us again with the profit figures. if not, I think a correction is expected
The only thing that worries me is that the market is highly valued. And amazon PE ratio are near 100 (compared to the Internet - Commerce industry's P/E of 51.20). next earnings will be published on 2. february. Then we will see if amazon will surprise us again with the profit figures. if not, I think a correction is expected
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.