AMZN is oversold on the RSI since the earning drop. It should be due for at least a dead cat bounce to 3300-3400.
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Just a piece of junk that keeps falling.
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So far the rebound is as predicted. The bottom was on Aug 19 for now.
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AMZN is going for the gap fill. The gap started at around 3580.
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Since Aug 20, AMZN has been making higher high and higher low in the daily candle. It shows no sign of stopping
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Reached 3500 resistance today with a little bit of an expected selling coming in. There could be a minor drop in coming days. As long as it can stay above 3400, the trend will be in tact
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AMZN is just going side way for the last 2 days. That is expected for a strong move from 3200 to 3500