AMZN is showing a classic Rounding Bottom. Don't miss the move.
Gradual reversal from bearish to bullish.
Technical analysis of Amazon (AMZN) reveals a significant setup. Price has moved to $249.02 (3.81%) amidst recent volatility. Price action has carved out a classic Rounding Bottom. Buying pressure is strong relative to the 20-day average. A potential breakout level is identified at $252.18, targeting $308.36 with support near $224.09 (R:R 2.0).
What is your outlook on AMZN?