Hello Traders,
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Just recently Amazon stock perfectly retested and also rejected a quite obvious previous weekly support zone which was turned very strong support again.
After this first initial bounce, Amazon stock then created a rejection of a long term downtrend-line and is once again...
Today Amazon broken out of a important trend line. Im bearish on the stock due to the dominant down trending pattern. it also has created a ascending Triangle Pattern at level $94.79 being the top and bullish support developed at $92.29. Please share what do you think?
Major support levels Im watching for a bounce
NASDAQ:AMZN NASDAQ:AMZN...
