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Amazon.com
Long

Recent consolidation then breakout - PT $4020.00

By SimplyCash
Amazon has been forming a bullish flag based on the 100% fib extension support around $3000 - looking for the next price jump to reach around $4020 to the 1.618 FIB extension level. The recent upgrade from Mizuho's James Lee to $4000 certainly helped the momentum as we approach both Amazon Prime day on 10/13 and the run-up to the 2Q2020 earnings on 10/22 as two potential catalysts.
Chart PatternsTrend Analysis
SimplyCash

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