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Monday Stock Market Watch

|About: Dow Jones Industrial Average Index (DJI), KO, AMZN
Summary

DJI rejected  by the 27000 again.

KO is testing the long-term uptrend support.

AMZN is close to downside reversal.

DJIA is being rejected by the 2700 level again and is testing 26750 for a complete downside reversal inside the long-term rising wedge formation.

DJIA trading analysis KO is going for another test of a key 53.90 level. Break below this level could mark long-term uptrend end and a beginning of a corrective pullback phase that can see almost 4% slide until next support.

KO is testing the long-term uptrend support AMZN uptrend has been severely broken and a break below 1760 will give us a chance to short the stocks and ride the downside all the way to 1580.

AMZN is testing the reversal area