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django2
Oct 13, 2019 6:11 AM

Amazon Long Long

Amazon.com, Inc.NASDAQ

Description

Bullish divergence on the Daily on the MACD and the RSI - green line
We can see how the price consolidates inside in what it seems to be an ascending triangle - blue line. Formations like this tend to break upwards.
Regardless the direction of the breakout , we currently trade in the low are of the consolidation and just bounced off the demand trend-line getting ready to travel north towards the flat top .
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