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Amazon.com

Possible Amazon Breakout

By MrAndroid
Amazon has been trading in a downward sloping channel for over a year now and yesterday the price closed above this channel trendline. However a drill down into the hourly chart shows some divergence on the RSI that I think could indicate that this might become a false breakout.
I'm yet to be convinced the rally is a trend shift.
Parallel Channel
MrAndroid

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