Jeff Bezos was a guest on the show 60 minutes a few months back, to announce that Amazon might deliver packages via a drone.

At the time of his announcement, AMZN was hitting the top of a 6-year channel resistance line and a Fibonacci Extension level, dating back to the lows in 2001, as a bearish rising wedge was nearly completed.

Since the announcement the stock has been soft and has broken below support of the rising wedge. Keep a close eye on this leading stock, since channel support is a good deal below current prices!

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