Amazon has hurt itself … technically

In today's video we look at the technical aspects of Amazon and see what's causing it not to go up at this point in time. Analyzing the market in-depth, we can see that Amazon has hurt itself technically. According to the chart, we can anticipate that it is going to take some time to repair or even overcome the current level resistance. This new short video outlines the areas we feel must be challenged to change the present trend. We also look at some downside target zones that may be possible for this stock. As always our videos are free to watch and there are no registration requirements. We would love to hear your thoughts on Amazon. Please visit our Trader's Blog at http://club.ino.com/trading/ and post your comments. All the best, Adam Hewison President of INO.com Co-founder of MarketClub