AMAZON $1569/$1600 by next weekAmazon has a Double top pattern with bearish divergence at all time high, It did broke the neckline (1902$) and it's currently doing a retest of it, short entry values are $1869 and $1902, with stop loss at $1954 it will take 2 or 3 days, before it starts retracing sharply to its next support zone $1569/$1600 this should be Next week, will probably reach the targets between oct 17 and oct 19
Amazonshort
Amazon test trend lineWe 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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WEAK RETRACEMENT AMAZON SHORT $$$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!
AMZN Short (Rough Outlook)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 bet long on Amazon you'd not only have to fight against the downtrend markets, but you would have to make a substantial risk.
Amazon short - First target at 1000 UsdAmazon 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!
AMZN @ Daily @ Crucial Days until Christmas (year end 2016)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 oppurtunity, `cause the downside trend, which even breaked the 2nd main upside trend was left behind while last wednesday trading day ...
How ever, maybe i am too kosher !?
But i want to see the share even trading out of the downside trend - even between the GAP, if it has to be ?!
And from thi points of view, all in all, i am still pretty neutral - and would like go long much higher over next week, if even the broked downside trend holds ...
Possible short-term target for bears are, in my opinion :
736.70 2nd leg of the w-wave
710.00 1st leg of the w-wave
Possible short-term target for bulls are, in my opinion :
792.40 lower middle high of the w-wave & end of the extended downside trendline
843.09 start of the extended downside trendline
For mid-term trendfollower traders the all-time high (847.21) could be a support line to get long - even like the alll-time high from last year by 696.44 (2016/12/29) for bears to get mid-term short once again ...
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron