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Stonkademy
Sep 27, 2021 1:55 PM

Update #3 to AMZN Breakout Theory - FAIL 

Amazon.com, Inc.NASDAQ

Description

AMZN got rejected hard and was unable to break out of the megaphone this morning. Based on the TNX breaking out, it looks like AMZN may be out of time for another run in the near term. Last year when TNX was trending higher, AMZN along with its mega-cap FAANG peers, were completely sideways.
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