Amazon.comShort
AMZN - look out below
Long volatile wedge since June, no traction.
Every up day followed by strong volume down.
Higher lows, but failed to get near ATH in rallies.
Fell out of the wedge, no volume support below.
Bear case:
Margins healthy but Bezos is gone, uncertain direction.
Competitors building, regulator risk.
Market is skeptical of 5-10y continued earnings
Current long term long position, considering exit
Every up day followed by strong volume down.
Higher lows, but failed to get near ATH in rallies.
Fell out of the wedge, no volume support below.
Bear case:
Margins healthy but Bezos is gone, uncertain direction.
Competitors building, regulator risk.
Market is skeptical of 5-10y continued earnings
Current long term long position, considering exit
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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.