Dueling Technicals on Amazon AMZN

An analysis of Amazon (AMZN)’s charts on Monday identified a near-term potentially bullish formation juxtaposed against a tricky, potentially dangerous intermediate-term set up. From a near-term perspective, AMZN on its hourly chart appeared to be putting in a “falling wedge”-type pattern (the opposite of a rising wedge), which usually represents a trend-ending formation. In this […]