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.