Amazon (AMZN) August 6

Big red candle after gap up to new all time high on July 24 is making me very sceptical about AMAZON shares. Price has been conslidating in the $523-$545 area since then. $523 is the level of support to watch before the gap low @ $475 comes into play. Bearish position because of the aforementioned candlestick.

AMZN (1 month):

amzn

Chart from http://www.Stockcharts.com

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