22.09.2016 - Shares of Amazon.com can correct downwards

The price of Amazon.com recently broke through the important inclined support line and currently are near the upper boundary of the corridor 755,00-790,00. Fixing of price above the level of 790.00, will be the basis for continued upward movement to 820,00 and 860,00. On the other hand, in the case of reduction and overcoming the strong support at 755.00, will be completed the formation of reversal pattern - double top. In this case is necessary to open short positions with the targets at 680.00 and 604.50. We maintain our medium-term positive outlook, but the probability of correction is high.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.