AMZN has bounced back but is possibly still not out of the woods
Amazon has bounced back with a triple bottom but is possibly still not out of the woods yet. The recent bounce has turned around at the same spot as the last drop, but the share price has a history of falling on the earnings announcement day, as shown on the chart, and as approaches earnings, it is crucial to keep an eye at resistance points below.
Key resistance areas to keep an eye out for are around 3395, 3458, 3497, 3562
Key resistance areas to keep an eye out for are around 3395, 3458, 3497, 3562
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