AMZN doesn't like to move very far very quickly. While I do believe we'll see the next leg up in AMZN this year, it's hard to tell when or what catalyst will drive it. In the mean time, we know there's historically been ton of buyers at 3200, which makes it a great possible place to start a position.
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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.