Home Sectors Consumer Chart of the Day: Amazon.com May Be Overbought

Chart of the Day: Amazon.com May Be Overbought

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August 27, 2024

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Amazon.com has rebounded from a drop, but some traders may think the e-commerce giant will give back some of its recent gains.

The first pattern on today’s chart is the $181.87 level. It was the low immediately before earnings came out and represented the approximate high last week. Has old support become …

For more, please click here to view the related idea and chart analysis on TradingView.

Amazon.com (AMZN), daily chart, *with selected patterns and indicators, courtesy of TradingView*.

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