Zachary Mannes'  Instablog

Zachary Mannes
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Zachary is the lead analyst for Stock Waves, a service provided by He began working in finance as an investment adviser in 2008. In 2010 he began to study technical analysis and specifically Elliott Wave Theory and took to it immediately. He continues to push the... More
My blog:
  • AMZN: Post ER Correction Almost Complete Sights Set Again On New ATHs! 0 comments
    Apr 7, 2014 2:37 PM | about stocks: AMZN

    I do not have a catalyst even I can point to this time, but AMZN is completing an ABC correction for wave iv since its January high. Support is right in this 313 region which is not quite as low as the 305-290 mentioned in my last insta-blog, but AMZN rode the top trendline higher from 370. With my Stock Waves subscribers we had been targeting 320 from the bounce over 380, and this spike a bit lower than that fits with the concept of throw-over-throw-under. I am looking for a swing over the next several months to a new ATH very likely over 450.(click to enlarge)AMZN 040714 Daily

    Disclosure: I am long AMZN.

    Stocks: AMZN
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