Amazon.com, Inc.
Formazione

Anatomy of a Breakaway Gap & What Happens Next

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AMZN is an excellent example of a Breakaway gap due to improvement of the company's fundamentals. The prior fundamental level is clearly defined on the chart and easy to see. The new fundamental level has not yet been fully established and will begin to form over the next few weeks.

Even if there is a Flash Crash, the fundamental lows of the previous level are very strong support.

What to watch for in the stock price action over the next few weeks:
1. Dark Pool accumulation in the Buy Zone.
2. Pro Trader nudges.
3. Speculative trading by Smaller funds managers.

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