Home Markets Stocks Chart of the Day: Potentially Bearish Candlestick Pattern in Amazon.com

Chart of the Day: Potentially Bearish Candlestick Pattern in Amazon.com

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February 9, 2023

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Amazon.com tried to rally a week ago. It proceeded to fall on weak quarterly results, leaving some potentially difficult patterns on the daily chart .

First, the single candlestick on February 2 was isolated above the other recent prices. That is sometimes known as a bearish “abandoned baby” — essentially a failed breakout.

The location of the candlestick is potentially important. By occurring at …

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

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

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Chart of the Day: Potentially Bearish Candlestick Pattern in Amazon.com

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