Amazon – Technical Analysis
Amazon’s July rally started weak — and the chart is now beginning to show why that matters. After a hesitant advance in the first half of the month, AMZN has started to print bearish signals, raising an important question: are the downside targets we discussed back in early May still valid, or does the latest structure require an adjustment? This is not just an Amazon-specific issue. As one of the heavyweight components of both the S&P 500 and Nasdaq, AMZN can influence index momentum, market breadth, and overall risk appetite. When Amazon starts sending stronger technical signals, the message often extends beyond one stock. In today’s Amazon technical analysis, we reassess the May targets, review the latest bearish signals, identify the key levels to watch, and evaluate whether AMZN is preparing for another leg lower — or simply working through a temporary correction before the next major move. CANDLES &…
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