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Tech

$AMZN . May break kumo support. Bearish.

AMZN dropped to around $172 after its poor earnings back in early Feb.

It has since try to rally but fail to breakout of the kumo resistance.

It is now trading around $182 and is very near the kumo support.

Right above it is both the resistance from Tenkan sen and Kijun sen.

I believe this is a fairly good entry to try to get a short and see if it fell below the kumo support.

Target price $172.