Three times Fibonacci and one time Elliott suggest Amazon is done. Stick a fork in it :-)
1 Fib time zones suggests we should have a major top right here (right now in the big picture, could be today or in a couple of months)
2 Fib retracement suggests a target on the downside at $260 or $210 ie a .5 or .62 fib retracement
3 Fib speed resistance arc suggests major troubles right ahead in both time and price. Phase transition.
Elliott says AMZN has had some very good years since a big triple top break out w rebound but no meaningful correction since then and with a cluster of resistance lines right ahead.
Fundamentally speaking does AMZN make any real profit to speak of?
Really?? Some fundamentalists at Investmentresearchdynamics claim they dont.
investmentresearchdy...ads/2015/07/AMZN.png
investmentresearchdy...lack-friday-in-july/
You be the judge
1 Fib time zones suggests we should have a major top right here (right now in the big picture, could be today or in a couple of months)
2 Fib retracement suggests a target on the downside at $260 or $210 ie a .5 or .62 fib retracement
3 Fib speed resistance arc suggests major troubles right ahead in both time and price. Phase transition.
Elliott says AMZN has had some very good years since a big triple top break out w rebound but no meaningful correction since then and with a cluster of resistance lines right ahead.
Fundamentally speaking does AMZN make any real profit to speak of?
Really?? Some fundamentalists at Investmentresearchdynamics claim they dont.
investmentresearchdy...ads/2015/07/AMZN.png
investmentresearchdy...lack-friday-in-july/
You be the judge