$AMZN testing support, lower high signals dip or trend change?
1.6 trillion Amazon is currently in a support testing process. With only a sub 4 price to sales while growing revenue 20 ish percent a year, Amazon could continue its uptrend or simply correct in time. Historically Amazons Price to sales could go lower and be normal for its long term trend. However, the lower high and the multiple threats to support at 3200 could be signaling a desire to take profits by investors.