Amazon.comPenjualan
AMZN short term decline underway
Amazon just completed what looks like a terminal pattern, which suggests short-term consolidation and then sideways action. Please note the comments on the chart because fundamentally I am bullish on AMZN but at times the stock gets ahead of itself. Also note all the other technical comments I have made on AMZN in the past.
AMZN has driven ahead of the market this year despite all of the critics, so don't expect declines to go directly down in a straight line. Short sellers will be covering on any weakness. Use those small bounces to enter positions until the stock reaches the 234-226 level.
Cheers.
Technical Tim 11:41AM EST Tuesday, Sep 4, 2012
AMZN has driven ahead of the market this year despite all of the critics, so don't expect declines to go directly down in a straight line. Short sellers will be covering on any weakness. Use those small bounces to enter positions until the stock reaches the 234-226 level.
Cheers.
Technical Tim 11:41AM EST Tuesday, Sep 4, 2012
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.