Amazon trading analysis
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AMZN-Amazon
The instrument is testing the 1300 level on the weekly chart which is the strong long-term uptrend support. Bounce from here would lead to an upside continuation.
Note: on a Daily chart below you can see the channel formation and a good daily bounce which can lead to an extension higher into the 1700Â level of the channel top. Look for the long trade entry with the stop loss below the 1300Â level.
