Amazon (AMZN): Against Multiple ResistanceAmazon has lagged other FAANG stocks in terms of pushing high out of ICL, now it is up against multiple resistance where price was rejected before. We can expect the stock to decline following the general market trend. The rising wedge demarcated by the blue trendlines can be expected to break to the downside.
NB: It must be noted that such setups can have a false breakout before turning down, one is best to be aware and not be shaken out.
