The stock of Amazon.com, Inc. (
AMZN
) is currently exhibiting an inverse head and shoulders pattern, a noteworthy development in technical analysis that often signals a potential bullish reversal. For this pattern to be confirmed, it is essential for
AMZN
to achieve and sustain a weekly close above the neckline of this formation.
AMZN
) is currently exhibiting an inverse head and shoulders pattern, a noteworthy development in technical analysis that often signals a potential bullish reversal. For this pattern to be confirmed, it is essential for
AMZN
to achieve and sustain a weekly close above the neckline of this formation.