Technical Analysis on Amazon (AMZN)

Bottom picking territory for AMZN

In this week's Wicked Stocks analysis, we show Amazon (AMZN) presently testing long-term support that may contain selling not only through Q1, but perhaps through the year itself, with 30% gains from present price levels possible by the end of Q2. Inversely, a weekly settlement below long-term support (illustrated in the video) would indicate losses of an equal proportion by the end of Q2.

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