Amazon (AMZN) Confirming Top: Here Is The Targets You Need To Know…

Amazon, Inc.(NASDAQ:AMZN) reported a nasty quarterly miss. Considering their upcoming acquisition of Whole Foods (WFM) and the money that will take, they are not in a good place. The stock sold off only 2.8% on Friday after earnings. However, Amazon is selling another 2.5% today. The second solid sell day off all-time highs confirms a top. This means that Amazon will head lower with only small bounces along the way. The first downside target is $945.00 and the second target is $885.00. The first target on Amazon will have a small bounce once hit, the second target will likely have a large bounce. I personally think Amazon could see the first and second targets hit within weeks.

 

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