random.trader

AMZN nice little C&H ready for breakout

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NASDAQ:AMZN   Amazon.com
1
AMZN has been consolidating nicely over the past year. 285 acting as strong support and last ER runup holding nicely. Either looking at it as a C&H or a bull flag on weekly, both means it has a 100+ pts measured move here. $480 not that unlikely in a few months. With NFLX leading the way for momo, AMZN will sure follow tomorrow.

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