Amazon Support and Resistance

6 באפר׳ 2022

Amazon has a way weirder stock pattern than ever before. Sharp increases in price and decreases are common. Since this is a volatile stock you must be able to predict patterns from past open markets. Above Amazon has historically rose above resistance, (ie July 2021) but other times also. The current Russian/Ukraine war has further hit stocks causing many to hit 52 Week lows. My prediction is that Amazon will continue to fall until quarterly earnings. Depending on Amazon's next quarterly report will further show what's possible for the stock.