Why I’m bearish AMZN again?

AUDUSD NZDUSD Dollar index analysis
January 9, 2017
Διάσπαση τριγώνου σε 2 μετοχές
January 10, 2017

Last October  I posted this article where I publicly said I was shorting $AMZN at $834 looking for a push towards 700$. The market delivered what I was expecting and closed my short positions just before the elections. Once price started bouncing, I was looking for a pull back towards $800 to sell again as I posted through my twitter account @alexanderyf.

 On December 20th I posted the following

Price has reached my target area on Friday and with $850 as stop I have already opened a small size short position at $795.35. I believe we are very close to completing this upward bounce and a new downward move should soon start that will break November lows. I will be looking to add on signs of weakness (breaking $735).

amzn2 amzn

Good luck everyone and thank you for taking the time to read my latest post.

Alexandros Yfantis
Alexandros Yfantis
Fascinated by financial markets, studied International Securities Investment and Banking in the UK, works as a Portfolio Manager in Greece and runs a technical analysis website. Enjoys travelling and spending time with his family and preparing for the black belt in Korean Karate.