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Jun 3, 2021 11:32 PM

AMAZON Huge double top  Short

Amazon.com, Inc.NASDAQ

Description

Very large double top here. The second peak occurred during the record breaking earnings, and still the stock rejected new highs and swung lower. If we see a trend line break, this can tank hard.

Inflation, Interest rates, supply chain problems, Fed tapering, are all risks to come. Upside seems very limited with the downside simply a lot steeper.
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