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For today's chart we've chosen to take a look at AMZN because the bulls have managed to push the price of the company's shares above a medium-term resistance level. As you can see from the chart below, the $39 level has prevented the bulls from pushing the price higher on several occasions over the past eight months, but today's breakout suggests that this story is changing. Technical traders would now expect the upward momentum to continue until the bears are able to send the price back below $39.

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