AMZN breaks upward during upward trend
AMZN has made a very Bearish signal by breaking out upwards during an already bullish trend. This creates an unsustainable climb requiring a course correction downward.
- Once a trend has been defined up, if the stock breaks out of resistance line above, then it is very likely to fall.
- In reverse, if the stock breaks below a doawnward trend, expect a bounce to follow.
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