Weekly Topping Tail On $AMZN Sends Chills Over Earnings Results

Could Amazon, Inc. (NASDAQ:AMZN) miss earnings results? The online retailer is set to report on Thursday April 28th, 2017. Expectations are for $1.20 in earnings on $35.40 billion in revenue. Why do I think Amazon, Inc. might missing earnings? Three weeks ago the weekly stock chart formed an extremely bearish topping tail. Weekly topping tails are ominous and more powerful than a daily topping tail. It likely signals a long term top on the stock, maybe for years. If this is true, there is likely a sell-off in store for the online retailer and investors should be very careful on the long side.