Three times Fibonacci and one time Elliott suggest Amazon is done. Stick a fork in it :-)
1 Fib time zones suggests we should have a major top right here (right now in the big picture, could be today or in a couple of months)
2 Fib retracement suggests a target on the downside at $260 or $210 ie a .5 or .62 fib retracement
3 Fib speed resistance arc suggests major troubles right ahead in both time and price. Phase transition.
Elliott says AMZN has had some very good years since a big triple top break out w rebound but no meaningful correction since then and with a cluster of resistance lines right ahead.
Fundamentally speaking does AMZN make any real profit to speak of?
Really?? Some fundamentalists at Investmentresearchdynamics claim they dont.
investmentresearchdynamics.com/wp-content/uploads/2015/07/AMZN.png
investmentresearchdynamics.com/amazon-dot-con-black-friday-in-july/
You be the judge
1 Fib time zones suggests we should have a major top right here (right now in the big picture, could be today or in a couple of months)
2 Fib retracement suggests a target on the downside at $260 or $210 ie a .5 or .62 fib retracement
3 Fib speed resistance arc suggests major troubles right ahead in both time and price. Phase transition.
Elliott says AMZN has had some very good years since a big triple top break out w rebound but no meaningful correction since then and with a cluster of resistance lines right ahead.
Fundamentally speaking does AMZN make any real profit to speak of?
Really?? Some fundamentalists at Investmentresearchdynamics claim they dont.
investmentresearchdynamics.com/wp-content/uploads/2015/07/AMZN.png
investmentresearchdynamics.com/amazon-dot-con-black-friday-in-july/
You be the judge
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.