Technical Analysis on Amazon.com Inc. (AMZN)

Thursday, January 12th, 2023

In this Wicked Stocks video analysis, we show Amazon.com Inc. (AMZN) presently approaching key channel resistance. From this level, (AMZN) is susceptible to falling back to trendline support, eliciting losses of ~15-20% over the following 1-2 months. Inversely, if (AMZN) has a weekly settlement above this key resistance area, this would indicate bullish continuation over the following 3-5 months where gains of ~20-30% would be anticipated.

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