Amazon at risk of a breakdown

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Struggled all of 2021 to breakout and gave enough clues that there's not enough demand at these levels and too much supply

AMZN is below the 50d/200d moving averages and broke critical support yesterday after FOMC. Everyone's been waiting for a breakout higher (including myself) but the evidence strongly suggests the breakout will be to the downside from here

snapshot

snapshot
Note
breakdown snapshot
AMZNChart Patterns

Clause de non-responsabilité