User: Violet: Misc: s3.amazonaws.com/cdn2.soci..._LqGMAX_l.png

s3.amazonaws.com/cdn2.soci..._LqGMAX_l.png

AMZN doesn't have Real problems, unless that cluster of support around 1400 doesn't hold. 
Monthly candles.

Comments

edgar orantesedgar orantes
That would be about a 31% drawdown and one way of looking at things. I'll probably worry about Amazon if it gets much below 1600, because that's roughly a 20% DD. Nothing technical or fundamental, just a little outside its normal range. 
Here's the drawdown curve of Amazon: it's spent most of it's life in drawdown, just like most stocks. Four 20% DDs, and one each 50%, 60%, and 90%! Hard to sit through those last three.
10/27/18
VioletViolet
Wiz, I know, I laughed after posting it, thinking... it's in trouble Now. 10/27/18
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