Amazon AMZN After tracking within longer term parallels so faithfully for so long this new set, created from an earnings boost and big gap up into a higher gear at the end of October, is much sketchier. Despite that Amazon should retest 1450 come Monday. Any failure to hold this level will likely trigger a further wave of selling back to 1338. It may well spike as low as 1299 where it should find support again from the longer term parallel - worth buying again if it falls this far.
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