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


Believe it or not, 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. (AMZN), chart with selected patterns and indicators, courtesy of TradingView.
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