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Oct 4, 2023 2:00 PM

AMZN BREAKOUT ON THE CHANNEL Short

Amazon.com, Inc.NASDAQ

Description

AMZN confirms a bearish breakout on the bullish channel formed. Here we see the price respected the major resistance and followed up a bearish sentiment which has caused the price to show up a breakout on the structure formed. We expect a decent price decline back towards the daily support created on the bottom.
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