Technical Analysis: Could Be Struggling After Uncertain Guidance

112 may be showing signs of weakness after another post-earnings drop.

The first pattern on today’s chart is the rising trendline along the lows of March and April. AMZN fell to that support last week after issuing so-so guidance and has remained there since. That could make some traders expect follow-through to the downside.

Next, the e-commerce giant …

For more, please click here to view the related idea and chart analysis on TradingView. (AMZN), daily chart with selected patterns and indicators, courtesy of TradingView.
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