Amazon (AMZN) is Hitting up against resistance, and if the gov’t shutdown continues, AMZN is going to take a huge hit; likely to $290 or possibly $280.
The stock is also testing the highs reached in July which also represents the underside of the highs reached in September and early October.
Right now would be the time to get short on AMZN with a stop-loss at $312.
Here’s the trade setup in AMZN:
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