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Amazon.Com: Short It Now

Published 09/25/2017, 04:47 PM
Updated 05/14/2017, 06:45 AM

Amazon.com (NASDAQ:AMZN) continues to fall, trading at $938 from its all-time high of $1,083.41. I am here to warn investors that the bottom is not even close. Based on its head-and-shoulder bearish chart pattern, a calculated target for a bottom is not until it hits $845.

On The Way Down

The key for this next major leg down is when Amazon breaks $935 on a closing basis. Once that happens, Amazon starts a quick trek lower to $845.
Amazon.com Inc.

Latest comments

You posted this article on the day it bottomed. Very amusing.
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