Shares of Amazon (NASDAQ:AMZN) are in full correction mode. After hitting $1,016.50 late last week, the stock collapsed. Monday's low was $945 and I can't tell you how many investors are itching to buy the 5% drop. I am here to say it will go lower. While bounces will occur, they are low reward and high risk. The very first level I am interested in buying is the $847 price point, which is a high reward, low risk technical chart level as seen below. At this price point, Amazon would be down 15% from the all-time highs. A 7-10% bounce would be likely off this level and a high reward swing trade.
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发表于 2017-6-12 23:24
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发表于 2017-6-13 00:09
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