Tuesday, October 17, 2017

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

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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