The tape in AMZN has been quite weak for the past few days even after a good move yesterday. There seem to be sellers every time it looks to clear an important level and now it is trading right below a descending trend line. Unless it clears and holds $3176 with volume, look for more downside towards $3000 area.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.