$AMZN

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Can the ecommerce king continue its stratospheric rise? It has a clear support line from 2016, and at the moment the thing to be worried about is its overbought weekly RSI, which in its recent history, its price has been sideways for the overbought period. It has just cleared its 161.8% fib extension from 2015 lows, so some consolidation can be expected soon. Unless it breaks that support line, this “FANG” still has bite left.

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