If Coronavirus is not contained by March 15th, 2020, then Amazon stock will lose 40% of it's value shortly. Over 40 percent of Amazon's sellers are based in China. More than 50% of Amazon's products are from China. If no one is buying from Amazon, then Amazon stock will fall. As we see more and more hospitals are built in China, we will see more and more Amazon warehouses being out of service due to lack of inventory. In order to prevent that from happening, the Fed will need to pump more money into the market to level out the potential fallout. It is too late to build factories elsewhere to keep up the supply of China to Amazon. Amazon focus too much on developing logistic and ignore the manufacturing source. This fatal decision might kill Amazon as a company.
Wait for AMZN to break $1716 resistance
Entry: Sell: $1716
Take Profit: $1600, $1512, $1181
Stop Loss: $1787
Target Price: $1181
Wait for AMZN to break $1716 resistance
Entry: Sell: $1716
Take Profit: $1600, $1512, $1181
Stop Loss: $1787
Target Price: $1181
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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.
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.