trenchcapital

Amazon has gone up and will keep going up

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BATS:AMZN   Amazon.com
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This uptrend started in May and has held since.The 50 SMA is serving as support for the price. I believe the stock will return to the support line soon because these last three days the stock has gone up with lowering volume. The parabolic SAR also indicates that the stock is overbought. I would enter this stock at the support trendline. This stock looks promising for the long-term 1+ month.

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