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Amazon.com
Short
Updated

Bye bye Amazon -

412
Difficult to know what will bring this crazy growth to table, other than knowing central banks are partly responsible for pushing up the value of the stock rather than individuals. Ultimately they have the trigger in hand to reverse this growth at a time of their choosing (or not). When stock growth is in the hands of the few rather than the many coupled with a 40x gain since 2009, I'd be cashing out.

Not financial advice, just my opinion.
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As Mark Baum once said, Boom!
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Merry Christmas!

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Watch out..

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200 day moving average appears rejected on the weekly chart - doom to continue. 22% down from previous high, ouch.

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Note
Been a wee while since this was updated. A bearish divergence continues to grow between higher highs in price action against lower highs in the Monthly RSI.

Can price action continue to move higher as before? Sure. However keep in mind strength is waining.

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without_worries
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR
Also on:
Elliott Wave

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Elliott Wave
without_worries
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR
Also on:

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.