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benedekdomotor
Sep 29, 2022 10:06 AM

Incoming "Dead cat bounce"?! 

Amazon.com, Inc.NASDAQ

Description

Several signs point to a short-term reversal in the overall market.
For AMZN, this could end up as a "Dead cat bounce" that completes the "Head and Shoulders" pattern.
Breaking above 121.91 and then not holding it would confirm the action.

However, if we could reach a higher low around 121.91, the chart would turn slightly bullish.
In this case, the first price target would be 134.17.

Support: 113.5, 105.97
Resistance: 120.14, 121.97, 125.6, 134.17
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