BullBear Trading: Stock and Financial Market Technical Analysis

Amazon Head & Shoulder Pattern Nearing Break Down, Target $725 $AMZN

Amazon, Inc. (NASDAQ:AMZN) is currently trading at $58.29, +1.04 (0.14%). The stock has a clearly defined head and shoulder pattern that has formed over the last three weeks on the stock chart. Head and shoulder patterns are bearish indicators but ONLY trigger when the neck-line is broken to the downside. Amazon has not broken the neck-line yet. Watch closely in the coming days for a break and then short it hard to a calculated target of $725.00.

By Pro-Trader

Annabelle Trader

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