No interest in owning AMZN currently due to stagnant, downward-trending price action with no support at the 20 or 50 levels.
Bearish
“Stock Market Analysis October 3, 2026”
Brian ShannonPublished Oct 3 · 1 passage
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Amazon's stock, on the other hand, remains completely stagnant, trending downwards. Lower highs and lows, and no support at the 20 or 50 levels. That's why these levels are interesting.
It might continue its decline this week to the 200 level. I don't expect it, but given the current situation, I don't see any reason to be interested in a stock like Amazon right now.
What this channel has said about $AMZN
Brian Shannon has 3 calls on this stock; only the adjacent ones are shown.
2026-10-03BearishThis one
Amazon's stock, on the other hand, remains completely stagnant, trending downwards. Lower highs and lows, and no support at the 20 or 50 levels. That's why these levels are interesting. It might continue its decline this week to the 200 level. I don't expect it, but given the current situation, I don't see any reason to be interested in a stock like Amazon right now.
2026-08-28Bearish
Um Amazon had a shakeout in here. I got caught in that. And now it looks like Amazon could be maybe needing with that declining up to that declining 20-day moving average. I certainly wouldn't chase it here. It needs to digest this gain. Maybe it goes another day or two and starts to pull back.
Quote at 11:49 ›Direction flip