Ref to previous post on "Amazon "as well :
http://tradermarkjournal.blogspot.com/2010/11/amazon-end-of-amazing-run-final-doji.html
Amazon has been rated overvalued by several analyst including this one, Andrew Zacky. Making a fndamental case of way overvaluation of Amazon when comapared to Apple, RIMM and Google. Going so far as in saying, if Amazon stock were to be halved it would still be overvalued and at that time the articles was written AMZN was hovering near $160. Today its $176 with a recent high yesterday of $181.
This blog is a journal of charts on ASX stocks in various point in time. You might find charts on Major forex pairs,Nasdaq and SGX stocks as well.It reflects the author personal view. Its neither advisory or invitation to trade. All done in the interest and passion for the market, trading, technical analysis and elliot wave. And to exchange view, opinions with traders worldwide. .
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