AMZN looks very bad: a cup pattern is below resistance in the selling zone, the setup is chaotic, and there is little activity or enthusiasm; it is above the 200-day but below the 50-day moving average.
Bearish
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Cash Flow Machine | Mark Yegge | Wealth ArchitectPublished Oct 16 · 1 passage
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As for Amazon, the situation is completely the opposite. As my nephew says, the situation is very bad. But as you know, there is a cup pattern, which is below the resistance level in the selling zone, and the situation is chaotic.
However, it's good that the stock is above 200, but below 50, and there isn't much activity on Amazon. Therefore, there is little enthusiasm.
What this channel has said about $AMZN
Cash Flow Machine | Mark Yegge | Wealth Architect has 6 calls on this stock; only the adjacent ones are shown.