Dead Cat Bounce

By stalkstock
From the current levels its very likely that we may see some buying pressure but this would be very only till the resistance zone most likely. And from there shorts will enter the trade to bring the price down. Watch out the trendline, wait for a breakout/reversal. Let the price first break 20 day MA to consider longs.

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amazonamazonshortAMZTrend Analysis
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