Incoming "Dead cat bounce"?!
Several signs point to a short-term reversal in the overall market.
For AMZN, this could end up as a "Dead cat bounce" that completes the "Head and Shoulders" pattern.
Breaking above 121.91 and then not holding it would confirm the action.
However, if we could reach a higher low around 121.91, the chart would turn slightly bullish.
In this case, the first price target would be 134.17.
Support: 113.5, 105.97
Resistance: 120.14, 121.97, 125.6, 134.17
For AMZN, this could end up as a "Dead cat bounce" that completes the "Head and Shoulders" pattern.
Breaking above 121.91 and then not holding it would confirm the action.
However, if we could reach a higher low around 121.91, the chart would turn slightly bullish.
In this case, the first price target would be 134.17.
Support: 113.5, 105.97
Resistance: 120.14, 121.97, 125.6, 134.17
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