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corgicapitalllc
Jul 5, 2022 6:25 PM

$AMZN hourly chart 

Amazon.com, Inc.NASDAQ

Description

Nice recovery here on AMZN over the last few trading days. With a quintuple bottom here, this could poise for a breakout from the down channel especially after the 30%+ decrease in share value. Add to the mix inverted 2 & 10 yr bond rates, commodities dropping, inflation fears, and reduced consumer spending.....My opinion is it continues on a down trend until low 90s.
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