“10 Breakout Stocks to Watch Before Chasing AMD Next Week #amzn #amd #tsla #snap #msft #google #xom”
AMZN technicals are bullish: bottomed out, positive momentum/trend signals, no overhead resistance, high score.
Let's start with Amazon now. As you can see, Amazon has been declining for quite some time , but it has now found its bottom. Tell me that the order block does n't work. You can see its support there and it is moving upwards again.
And in fact, we got a new bullish momentum signal for Amazon on Thursday. Now, in addition to the fact that we have a trend crossover , the green background tells you when the trend is bullish.
We received a new Momentum Alert. We see less fear and more greed on Amazon, which is exactly what we were looking for. And I do n't see any outlier blocks above, right? I do n't see any overhead resistance here. So, Amazon stock is actually looking great.