Amazon Stock Analysis 06/29/2010

Another video, this time providing an Amazon stock analysis provided by Market Club. They keep working hard to provide educational videos, so I'm going to do my best to keep posting them. (there's a few more for weekend reading coming)

This video takes a look at long term trend lines, how they have been breached, fibonacci levels and potential price targets for the near term.

Right now it's important to keep up with what's going on as much as possible because if you don't know it already, prices usually fall much quicker then they rise. And lately, most all of them have been falling.

Is Amazon losing it?

Amazon Stock Analysis

In today's short video we look at Amazon, not the river, but the stock. Yesterday (6/28/10) I spotted some market action that I wanted to bring to your attention. Unfortunately, I could not release this video any sooner because of scheduling.

Amazon is in a whole lot of trouble in my opinion. Not only are our "Trade Triangles" negative, but also an important technical element for Amazon was breached. This one element is one of the simplest, yet most powerful technical tools you can use in trading.

I think you'll enjoy this very simple approach as it has worked consistently over the years.

Check out the free video here:

As always our videos are free to watch and there are no registration requirements.

If you'd like to comment on this video, please visit our Free Trader's Blog and make your views known.

All the best,
Adam Hewison
President of INO.com
Co-founder of MarketClub




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