Amazon Pattern Still Intact


In spite of about a month’s worth of strength, Amazon’s long-term bearish pattern still remains intact. Their earnings come out after the close on October 26th, so unless we’ve broken above the $1017 horizontal, there’s still an opportunity for a major whack-a-doodle-down on AMZN.

Looking at the long-term picture provides a better understanding as to how lofty this critter is. But, hey, with a P/E of only 255, it’s still a bargain, right?

Reviews

  • Total Score 0%
User rating: 0.00% ( 0
votes )



Leave a Reply

Your email address will not be published. Required fields are marked *