AMZN Stepping Back From All-Time Highs

2024-05-13 / Simpler Trading

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AMZN made fresh all-time highs last week by pushing beyond the Voodoo Fireline which had previously contained the stock. It has since given up that level. Here’s what I’m watching to figure out if this is a turn back down from a level which had previously stopped the stock, or just a pullback in an ongoing uptrend.

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