Thursday, September 30, 2010

Amazon.com Inc. (AMZN) scenario and chart analysis

Amazon.com is forming an expanding triangle, which can either be a top or continuation pattern, but that's for long term direction of this stock, in the short term, AMZN is right at the upper trend line, the likely path is down to 95-100 level at around mid-December or early January 2011.

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