(Check out Carter’s WorthCharting.com for actionable advice and live videos.) Amazon sold out 19% of its 52-week high school a month ago, seen as a buying opportunity. The stock is in a well-defined uptrend, characterized by an anti-trend (sell). As shown in the figure below, this callback is very similar in amplitude and duration to the background of Amazon’s ongoing uptrend. Here are two Amazon charts below for your consideration. Disclosure: None. All opinions expressed by CNBC Pro contributors are simply their opinions and do not reflect the opinions of CNBC, NBC Universal, their parent company or affiliate and may have been previously circulated by them on television, radio, the Internet or other media. The above is subject to our terms, conditions and privacy policies. This content is for informational purposes only and does not constitute financial, investment, taxation or legal advice or advice on purchasing any guarantee or other financial assets. The content is general in nature and does not reflect any individual’s unique personal situation. The above may not be suitable for your specific situation. You should strongly consider seeking advice from your financial or investment advisor before making any financial decisions. Click here for the full disclaimer.
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