My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
Hey Nifty'I've been watching the AMZN too. My fair value target is $95.Its margins are too narrow, and its in real danger of putting in consecutive losses in the coming quarters.Good company, but..its not making enough profit.-A lot better than SHLD though!
@Permabear DoomsterAs long as the weekly trend line holds $95 is not possible
Yes indeed.I see it as a bearish pennant, but then I am negative on the company in the near term.Easy place to go long or short, the break-levels either way are very clear.
Hey Nifty'
ReplyDeleteI've been watching the AMZN too. My fair value target is $95.
Its margins are too narrow, and its in real danger of putting in consecutive losses in the coming quarters.
Good company, but..its not making enough profit.
-
A lot better than SHLD though!
@Permabear Doomster
ReplyDeleteAs long as the weekly trend line holds $95 is not possible
Yes indeed.
ReplyDeleteI see it as a bearish pennant, but then I am negative on the company in the near term.
Easy place to go long or short, the break-levels either way are very clear.