Shares of Amazon, Inc. (NASDAQ:AMZN) are hammering
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Posted On: 02/16/2017 9:34:33 AM
Shares of Amazon, Inc. (NASDAQ:AMZN) are hammering into a quadruple top resistance point. The key breakout is any stock price close above $850.00. Should this happen, the stock will likely jump to $1,000 per share at which point Amazon will likely do a stock split, getting the share price more in line with Apple Inc (AAPL). While the P/E of Amazon is insane, it has never been an issue for investors. Amazon is a king among retail. The trade here is to stay neutral or bearish unless the stock price closes above $850. If it does, go bullish.
Stock market technical analysis on shares of Amazon.com
Stock market technical analysis on shares of Amazon.com
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I was trained as a psychologist, then I applied what I knew to stock trading. Stocks are representing emotion of those who buy/sell them. I post all of my trades on Insert-tag-hereVerifiedInvesting.com where they are confirmed for legitamacy by their independent verification system. I've been trading since the 90s.
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