optionfarmers

$AMZN testing support, lower high signals dip or trend change?

NASDAQ:AMZN   Amazon.com
1.6 trillion Amazon is currently in a support testing process. With only a sub 4 price to sales while growing revenue 20 ish percent a year, Amazon could continue its uptrend or simply correct in time. Historically Amazons Price to sales could go lower and be normal for its long term trend. However, the lower high and the multiple threats to support at 3200 could be signaling a desire to take profits by investors.

Aviso legal

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.