AMZN gapped down today and is currently trading near the 0.78 fib extension (1492). We believe that the break of the 1500 psychological support level could be a potential dip buying opportunity. We have highlighted an inverse head and shoulder and a RSI bullish divergence on this chart. At current levels, AMZN is a good candidate for a short term bounce. However, the market weakness as a whole may lead to further sell off and invalidation of the inverse head and shoulder patte
AMZN
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