Institutional Rotation in AMZN Chart Patterns
Rotation has been underway most of the summer months in the AMZN chart. Rotation is the slow, methodical selling of shares held in inventory for the Trusts of Derivative Developers and the Charters of Mutual Funds. The largest institutions are lowering their risk, expecting the tariffs imposed on Chinese imports to impact AMZN with either rising prices and costs or lower sales and revenues, or both. The rotation is NOT disturbing the price trend, as is their intent.
Martha Stokes, C.M.T.
Martha Stokes, C.M.T.
Martha Stokes, CMT
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