Nice gap, but stock needs to close the day out strong. Otherwise, reversal will attract short-sellers.
Charts of Note
- Thread starter darkhorse
- Start date
Nice gap, but stock needs to close the day out strong. Otherwise, reversal will attract short-sellers.
WSM beat forecasts but guided lower. Competition for mid-tier retailers is fierce with target market shrinking.
Trees to the sky?
Successful recent IPO - healthy growth in the gaming tech area - Should continue to attract speculative buyers...
FIG benefiting from bond demand (giving them ability to refinance) and a strong IPO market... Nice looking base!
Merrill initiates at 'underperform' - you don't see that too often, especially with a recent IPO!
The above are from a detailed Amazon short thesis post on firstadopter.com.
The AMZN chart, previously referenced, looks great (for bears) from a weekly perspective.
Massive complex topping pattern, going on 12 months now, with no meaningful support below.
