FXstreet

Amazon stock is likely to keep falling until the economy gets more robust — that is not likely until 2024 at the earliest. The weekly price is located far below Yearly Pivot Points at 166.78: price is trying to cross S3 Pivot at 100.44 to below for the strong bearish trend to be continuing. Alternatively, if the price the second Pivot level (S2 Pivot) at 122.23 to above so the secondary bear market rally will be started with 144.99 as the possible target to re-enter.

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