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08.04.2022 07:26 AM
Technical analysis of Amazon for April 8, 2022

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As is the case for Apple, Amazon has just completed point 12 of Livermore's Accumulation Cylinder and we should see a strong decline towards point 13. The next downside target to look for is seen at 2,347 and possibly even closer to the 50% corrective target at 1,906.

Resistance is now seen at 3,416 which is expected to act as a cap for a very long time.

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