AMZN is at a new bottom 1WAMAZON
Amazon stock gives up all its gains during the epidemic period, declining by about 49% since the beginning of the year.
Will the Dot-Com bubble scenario be repeated?
the price is still in a bearish zone
if we look at the daily chart as shown below we will see a three-bearish confirmation zone
especially at the first and second zone:
The US Federal Reserve continues its tight monetary policies to curb inflation and raise interest rates. The annual inflation rate in the country was at record levels, reaching 7.1% in November of 2022, up from 2.5% at the beginning of 2020.
SroshMayi
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