Amazon.com
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AMZN Major shift in trend

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AMZN

AMZN seems to be losing its mojo around the holidays.

Volume has dried up and relative strength to the Nasqaq is terrible.

Shorting to the 290s seems like a great risk reward, considering the QQQs seem in the short term overbought

Slowdown in consumer shopping and spending going into the 1st qtr of 2015 could be a huge problem for AMZN

Positive headlines from BABA can sink sentiment even fiurther on AMZN

Low 280s could be a buy point if institutions start accumulationg again

below 260 could signal major trend shift

* Things to watch out for

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.