Short-term Speculation
Might be people already know Amazon had a great holiday season. The downtrend is looking as expected before earnings from the past. Though not to ignore the fact that Amazon has been running into political trouble which resulted in antirust lawsuits. Let's see if that pressure could break the support line.
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.