NASDAQ:AMZN ’s recent price action suggests that the stock may be poised for a further decline. After reaching the top of the long-term channel, Amazon’s price has pulled back and is now facing renewed selling pressure. This technical setup aligns with broader market concerns, particularly in light of recent economic data. The rise in unemployment claims and...
On the week of 13-July, we got the first bearish signal when AMZN printed a strong bearish candle. Last week we got the confirmation... Another bearish candle came in with a decreasing volume. The MACD is looking ready to drop, it shows plenty of room available to move lower. Amazon (AMZN MACD W) The RSI has been building up on bearish divergence since...
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Buy point of the $AMZN is $2,525.55 which just above the resistance. 12 months Consensus Price Target: $2,566.87 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx