Short

AMZN Diamond Top? $500-700 target move

By InvestmentSentry

Updated

AMZN completing this diamond by 12/7. If it breaks down I am expecting a big move down.

Note

Bulls need this orange trend line to hold or I'm expecting 3000 easy. Below 3000 would be an attractive buy with a stop below 2870.

Note

Redrew trendline.

snapshot

Note

Prime trend line did not hold and may have failed backtest. Expecting this to make a strong move to get back up soon otherwise continued grind lower.

InvestmentSentry

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