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It looks like AMZN Bulls won the tug of war

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Over the past month, buyer and sellers were in a fierce tug of war and it looked as if sellers were gaining on the buyers as they threatened to break the 1-year channel support line and buyers were aggressively capped below 1830 by the bears. However, it looks like buyers have made a comeback as we see a strong break above the month-long resistance of1830 last trading session. It looks like a run to the all-time highs is probable.

Penafian

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