Short bear for AMAZON
After a bullish rally, AMZN consolidated into a range market in daily time frame.In 4h time frame we see that an ascending trend line has broken and it may go down to the another bullish trend line. This trend line now may support the chart but if the bears were stronger than bulls,it would be possible that it will continue its way down to the support area.
Take that in mind that a wide range of fundamental factors such as EPS can be very influential on stock market movements.
Take that in mind that a wide range of fundamental factors such as EPS can be very influential on stock market movements.
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