mitstradingedge

Amazon shows sign of bouncing back to 3060

NASDAQ:AMZN   Amazon.com
If the downtrend is over, quad witching effect is over then we can definitely see most of the tickers retracing their path back. Amazon had quite a fall from the tops. Adding to the demand zone (box highlighted) and the fib retracement shows a good sign of bouncing back to 3060. Stock is currently on a good support for a bounce.

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