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ContraryTrader
Jan 4, 2022 12:28 PM

Amazon breakout Long

Amazon.com, Inc.NASDAQ

Description

Breakout over downtrend (Whiteline) Around 3420. That downtrend is also a double bottom conformation line. Has some fibonacci resistance at around 3432. As far as entries goes. I like 3420 for an entry using the 21ema as my stop loss. For a conservative entry you could wait for 3432 .

Target 3582 but this could very well go back to ATH especially if some catalyst news comes out
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