Showing posts with label short. Show all posts
Showing posts with label short. Show all posts

Monday, December 3, 2012

Get ready to short Amazon.com Inc. (AMZN)


Amazon.com Inc. (AMZN), get ready to short !
1) Focus on "reversal level"
2) Pattern shows high probable sideway pattern followed by a fall below those two triggers.
3) Common sense says people will spend less for the holidays ...
Gut feeling ? Price below short trigger 2 by mid Jan

Source | Alpha Global Investors | http://gicharts.blogspot.com/2012/12/get-ready-to-short-amazoncom-inc-amzn.html