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.
Головну думку ми показуємо публічно. Створіть безкоштовний акаунт, щоб читати повну статтю, зберігати її, обговорювати та поєднувати з ринковим і OSINT-контекстом.