Amzn

Remember MMs are competing with each other (which implies balance of position). I think they have less of an impact than you assume.

 

I'm not saying anything anymore . Don't want to waste my energy . I'll repeat what I said earlier - Time will tell.

 

AMZN back to almost flat. At this level, AMZN look cheap, $3 bil in rev per Q

 

By the time this comes in , you will be a nervous wreck, probably have covered within 10 cents of the top, and given up the game for parcheesi

 

63.40, congrats to all

 

Anyone still have any sentiment on this one? I'm looking for a rounding off top here...I don't see what will strongly push this much higher short term. Looking to go short(via Puts). Already bought a few initial lots this morning.

 

Looking at the 3 month chart and the solid white candles a run to 70 is likely

 

That's some intelligent advice. Thanks

 

On the daily chart, the volume is obviously slowing down, without a surge in volume to absorb these shares bought at higher prices or profit-takers, expect more drift to the downside. Looking for 38.2% retracement around $56.5 as the target price:



To the micro-level, on the hourly chart, the trend is down and technicals are weak. Price is below 30 period WMA, formed a nice downtrend channel. If the price falls below 60.7-60.87, expect a quick drop to $58.85:







On the monthly chart, it has finished a "W" formation. Would it go higher in the long-term? Maybe, the technical indicators are not topped out on the monthly timeframe. But we may see a short-term correction first before the next leg up.

 

wow those are some very detailed charts