Amazon.comShort
AMZN: Entering into the danger zone
AMZN showing a lower high with a 7x standard deviation from the trend line with earnings coming up next Thursday while US payroll protection is ending.
Let's play connect the dots, if AMZN is the Nasdaq (11.6% based on market cap weight) and the stock is entering the danger zone with the Nasdaq sitting on a potential double top neckline...and TLSA (2.2% based on market cap weight) went -5% post-positive earnings announcements... and AAPL (12.2% based on market cap weight) is trading at 12x standard deviation from trend line with earnings due 1 day after AMZN...and stock prices have been apparently driven up by Robin Hooders using their Covid-19 unemployment checks... are you sure you want to stick around to see how the story ends?
Let's play connect the dots, if AMZN is the Nasdaq (11.6% based on market cap weight) and the stock is entering the danger zone with the Nasdaq sitting on a potential double top neckline...and TLSA (2.2% based on market cap weight) went -5% post-positive earnings announcements... and AAPL (12.2% based on market cap weight) is trading at 12x standard deviation from trend line with earnings due 1 day after AMZN...and stock prices have been apparently driven up by Robin Hooders using their Covid-19 unemployment checks... are you sure you want to stick around to see how the story ends?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.