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This Is Why Amazon (AMZN) Will Drop To $850/Shares Within We

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  • inthemoneystocks's Avatar
    32 posts since Aug '10
    • Shares of Amazon Inc. (NASDAQ:AMZN) continue to fall, now trading at $938 from an all-time high of $1,083.41. I am here to warn investors that the bottom is not even close to being in. Based on a head and shoulder bearish chart pattern, a calculated target for a bottom is not until it hits $845.00. The key for this next major leg down is when Amazon breaks $935 on a closing basis. Once that happens, Amazon starts a quick trek lower to $845.00. See the chart below for details.


       
       
      Gareth Soloway
      InTheMoneyStocks
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