Stocks
Amazon Sees Buy Point as Key Support Level Looms
A recent analysis by Investor's Business Daily has highlighted Amazon (AMZN) as a potential buy point amidst its ongoing battle with key support level.
The tech titan is currently trading at around $123.56, having fallen from its 52-week high of $188.10 in October 2022.
According to the analysis, Amazon's Relative Strength line has been trending upwards, indicating a potential breakout. The stock's short-term trend has also been gaining momentum, with a score of 95 out of 99.