Home Sectors Consumer Amazon May Face an Uphill Struggle as 2022 Begins: Chart of the...

Amazon May Face an Uphill Struggle as 2022 Begins: Chart of the Day

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January 3, 2022

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Believe it or not, Amazon.com is little changed since July 2020. Now it faces an uphill struggle as a new year begins.

The first pattern jumping off the chart is the downward-sloping trendline that began shortly before Thanksgiving. AMZN steadily trending lower as the broader market hit new highs suggests investors have shifted away from the e-commerce giant …

For more, please click here to view the related idea and chart analysis on TradingView.

Amazon.com (AMZN), *chart with selected patterns and indicators, courtesy of TradingView.*

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