Following our comments earlier around “what ifs” following a potential breakout in the ASX200 the online US goliath retailer Amazon.com has indeed enjoyed such a move albeit on fairly lackluster momentum. Technically we believe AMZN is bullish unless we see a break back below $US3450 i.e. 5.2% stops are required. I love Amazon as a business.
MM is bullish AMZN while it can hold above $US3450
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