In the short term you can most likely short this into the $40's.
I would look at a long term buy in the $40 area.As cannabis becomes legal you have this back door into it in the form of a REIT
Fib Setup at December 2018 Low
Engulfing bearish candles show no let up on the sell off.
Entry 1750
{I could do a partial entry at $1650}
Stop Loss $1800
Take Profit $1500
Amazon is great company, but because of that many retail investors will bail out because they cannot handle the heat.
This is for my personal use, but I am publishing just to get my idea in concrete, and see how it plays out.
So just looking at the chart:
FIB: I set up a fib retracement from April 2018 and Janaury 2018 to the most recent highs of January 2020. (Give me an idea of support and resistance levels.
Trendlines: I set up some trend lines to help forecast a possible...
I identified a long term trend that has held nicely. Given recent market instability and volatility this gives an opportunity to buy this stock at a discount. $180-183 buy area for a long term hold. If $180 doesn't hold then I would take a wait and see approach.
