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Here's Where I'll Buy Amazon

Published 06/12/2017, 03:43 PM
AMZN
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Shares of Amazon (NASDAQ:AMZN) are in full correction mode. After hitting $1,016.50 late last week, the stock collapsed. Monday's low was $945 and I can't tell you how many investors are itching to buy the 5% drop. I am here to say it will go lower. While bounces will occur, they are low reward and high risk. The very first level I am interested in buying is the $847 price point, which is a high reward, low risk technical chart level as seen below. At this price point, Amazon would be down 15% from the all-time highs. A 7-10% bounce would be likely off this level and a high reward swing trade.
Daily Amazon.com

Latest comments

Let's see :-) I bet that now it will go up and for a long time
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