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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 222.69

+0.1%

3:59 PM EST

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To: Mandinga who wrote (2436)	3/25/1998 8:30:00 AM
From: Clark Wang	Read Replies (2) of 164684

The triangle is the one from 3/9/98. Connect the higher 'low' and the lower 'high'. The volume/volatility are dropping as the triangle developing. The current triangle certainly is not as significant as the previous one. Any upside breakout is just a reconfirmation of the uptrend. For the downside, the first support is the upline and 20-day moving average. Next support is 50-day moving average around 67.5 that is also the break out point of the previous ascending triangle. BTW, the short interest number just came out yesterday. It's really amazing. The battle is going to be fun. Enjoy!!!

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