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  • bagholderslose bagholderslose Dec 7, 2012 10:25 AM Flag

    The tight trading range is because of the hourly chart

    its not going higher and its not going lower today because of the Hourly moving averages are so tight, that means you need to very careful in AMZN right now, usually it means a huge violent move in that stock is under way, whether its positive or negative is currently unknown but be on the lookout for a violent move.

    My assumptions are that the move will be negative because on the Daily Chart, AMZN is extremely overbought, it needs to rest on $241 before going higher

    Sentiment: Strong Sell

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805.75+1.05(+0.13%)Sep 23 4:00 PMEDT