Last time I posted about Amazon.com, Inc. (kindly check here) or AMZN in the New York Stock Exchange, the head and shoulders formation (may look like double top for some) was still being set up. However last week, the Amazon stocks breached the neckline of the said formation and dropped around the $110.62 support. If the price continues to fall, the next support could be the $100.00 psychological level. If it further slides below that psychological area, the next support could be $90.00. On the upside, in case a pull back up occurs, its immediate resistance is the neckline of the head and shoulders. If that gets cleared out, the next resistance could be $129.15.
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
