This is an update to my August 8th sell publication.
A sell recommendation...Appears to be a common theme among retailers...
As you can see there was a breakdown through the white median line on October 28th.
I believe we are now in the middle of the "C" wave with a downward acceleration about to commence.
My price target is in the mid 50's area... TBD.
Weekly view here
A sell recommendation...Appears to be a common theme among retailers...
As you can see there was a breakdown through the white median line on October 28th.
I believe we are now in the middle of the "C" wave with a downward acceleration about to commence.
My price target is in the mid 50's area... TBD.
Weekly view here
Nota
Market activity has prompted me to re-evaluate my AMZN opinion. I am bullish on the general market for the INTERMEDIATE term. I think It's going to continue to be a traders market with a bias to the upside for the next 6-9 months. This update is my current wave count with re-drawn long term price channels.Nota
Here is a WEEKLY view in Log scale 
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.