Amazon: Expected To Be Traded Below Its Resistance Level Of Approximately $130

Today’s instrument is Amazon.com‘s stock traded on the Nasdaq exchange under the ticker AMZN. 

Looking at AMZN ‘s chart, we can see it is traded at around $126, following the market's downtrend. Today we expect it to be traded below its resistance level of around $130 whereas its support level is at around 123.80 where an upward reaction should be expected.

(Click on image to enlarge)

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