AMZN Technical AnalysisDaily price chart for Amazon showing shares testing support near the 61.8% Fibonacci retracement level at $249.10. Source: TradingView The pre-market for Amazon looks a bit bullish, although I wouldn't call it overly bullish. We are in an area that should be interesting for technical traders, though, as the last earnings call produced a massive gap and we find ourselves at the 61.8% Fibonacci retracement level. We are getting close to an oversold condition in the stochastic oscillator, and the 10-year yield is now at 5% again, so that has its own part to play here. I do think we have a situation where traders continue to look at this as a potential value play, but it is also going to be heavily influenced by the U.S.
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