Shares of Amazon Inc. (NASDAQ:AMZN) continue to fall, now trading
at $938 from an all-time high of $1,083.41. I am here to warn
investors that the bottom is not even close to being in. Based on a
head and shoulder bearish chart pattern, a calculated target for a
bottom is not until it hits $845.00. The key for this next major
leg down is when Amazon breaks $935 on a closing basis. Once that
happens, Amazon starts a quick trek lower to $845.00. See the chart
below for details.
