Technical Analysis: Amazon.com Bounced After Earnings. Now What?

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Amazon.com rallied sharply on some bullish news last week. But it may face some bearish patterns over the intermediate and longer terms.

First, consider the level around $3,175. AMZN bounced there in the second, third and fourth quarters of last year before breaking it this quarter. That could make some traders think it will become resistance.

Next is the trendline running along …

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Amazon.com (AMZN), daily chart with selected patterns and indicators, courtesy of TradingView.
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