January 6, 2012

AMAZON Support at Weekly trend line

  • Above weekly charts shows strong support near 166 levels.
  • Break of this level will be bad for bulls. But for now indicators and Fibonacci levels shows good risk reward ratio for a long trade.
  • Today's closing is important as a bullish weekly candle here will confirm a short term bottom for Amazon.
  • BANK OF AMERICA CHART ANALYSIS
  • SPY TREND UPDATE

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