Shares of Amazon (AMZN) are holding a sharp trend

Shares of Amazon (AMZN) are holding a sharp trend line as seen in the stock chart below. However, the share price trades below this line, a massive computer (algo) sell program will hit, driving the stock sharply lower. There is also a bearish pattern forming in recent days which does indicate Amazon may flush in the near future. Keep it high on your watch list. The first downside target is $800, the second target is $715.



Stock chart analysis signals share price fall on Amazon.com