Amazon is the #1 Black Friday stock even back in 2019. The lockdowns, virus makes people shop online even more. News are Amazon hired almost 500,000 new workers giving them extra pay just too keep up with the holiday season demand. With all this they are at their full capacity. Black Friday data should hit around monday, That would be a very solid catalyst. I would say not too late to enter in pre-market Monday, then after news hits it will be priced in.
Longer term we see the support and resistance not supporting this "ceiling hugging" and it might correct to the middle support area seen in the chart. Short term AMZN is a online sales GOD. Even longer term Amazon is a great company that will keep on giving.
Longer term we see the support and resistance not supporting this "ceiling hugging" and it might correct to the middle support area seen in the chart. Short term AMZN is a online sales GOD. Even longer term Amazon is a great company that will keep on giving.
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technical analysis only. it's no good.