Amazon with ticker AMZN is still in downtrend, but support can be near, as it can be finishing a potential ending diagonal ( wedge ) pattern within wave (C) of an (A)-(B)-(C) correction from the highs. We are tracking final stages of wave 5 of (C) that can ideally stop somewhere in the 80 – 70 area. Any earlier rally back to 130 level might be signal that bulls are already back in the game.
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