maximleanke

AMZN, SHORT?

Short
NASDAQ:AMZN   Amazon.com
AMZN's stock has raised enough about to correction. This market saves uptrend even if we witness a global depression as at 1930's. But the market a bit exhausted and should go slightly down in order to raise again. The price has formed Falling Wedge and breakthrough has committed, right now it's below 50 EMA and below 50 RSI which proves all the theory of going down sharply. Our target will be at Fibonacci level 0.382 (between 2250$-2450$).
Good luck in trades, buddy.

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