Amazon.comShort
AMZN: Bearish Railroad Track Pattern on the Monthly Chart
Amzn declined sharply the last few months, retracing over 38% of the 12-year upswing from 2009 low to 2021 peak. The stock is showing a bearish railroad track pattern, suggesting further downside to the 80-85 target area, retracing 100% of the upmove from 3/2020 pandemic low.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.