We have another Overhyped Defense Stock trading well above EPS ; This time trading well over 600 times earnings while the price is breaking below trend. It could be argued that we have an Inverted Cup with Handle at the Highs and if 46 Breaks we could quickly come down to $18 a Share but due to how high the PE is i wouldn't even be against targeting the 1.618...
AMZN looks poised to breakout after a long period of consolidation. Waiting for it to break above the channel and close with at least one large bullish candle before initiating trade. P/E ratio has compressed. Now at 80.7595. AMZN could easily hit $3,750-$4,000.
"The bigger the base, the higher the space"
