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novvoll12
Jun 12, 2022 1:53 AM

AMZN: Bearish Railroad Track Pattern on the Monthly Chart  Short

Amazon.com, Inc.NASDAQ

Description

Amzn declined sharply the last few months, retracing over 38% of the 12-year upswing from 2009 low to 2021 peak. The stock is showing a bearish railroad track pattern, suggesting further downside to the 80-85 target area, retracing 100% of the upmove from 3/2020 pandemic low.

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