Technical Analysis on Amazon.com Inc. (AMZN)

Monday, October 17th, 2022

In this Wicked Stocks video analysis, we examine Amazon.com Inc. (AMZN). Currently approaching a zone of long-term support, capable of absorbing selling through the year. From here, (AMZN) can turn higher to long-term resistance eliciting gains of ~30% over the following 2-3 months. A settlement above near-term resistance would accelerate this rally. Inversely, a settlement below long-term support would indicate continued selling, resulting in losses of ~30% over the same time horizon.

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