AMAZ Has Negative Trend and Headed Lower

Check out this video from MarketClub where Adam uses technical analysis to determine AMZN’s next direction.  You will see that long-term upward support level was recently broken in AMZN and is now clearly headed much lower.  He also discusses how much it will fall using Fibonacci Retracement levels.  A good strategy would be to Short AMZN at this time.

Click here to watch video.

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