Last week, I posted that Amazon (AMZN) was on the verge of breaking down and that was finally confirmed with a huge break though key support.
Now that we’ve broken key support in AMZN, it is now retesting that broken support and being rejected as a result. Look for a move to $330 now.
The risk reward to getting short on AMZN is very favorable at these levels.
Here’s the AMZN technical analysis:
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