Amazon at 50% Retracement of 2014 Range

By | October 23, 2014

Shares of Amazon (AMZN) are trading down below the 50% retracement level of their 2014 range in the after-hours session, the $284.00 level that marked the March low this year. The integrity of this level could determine the intermediate term direction of the stock price. A breakdown brings the triangle pattern price projection into play, while basing or a bounce, further validates the level as key support.

23. AMZNchart

Leave a Reply