🚨 $AMZN Sharp drop after earnings results
Amazon stock falls more than 12% after announcing its third-quarter results, losing around $315 billion in market value in after-hours trading.
But in my view, the price is approaching a potential rebound zone. The stock is beginning to show an initial reaction after liquidity was swept from the weekly lows.
👀 Watch level: $225, with targets at $235 and then $245
If it holds this level, we may see a rebound during the Asian session. A break below it could open the door to further declines.
The opportunity seems to be there 👀
$AMZNB
#EarningsSeason
#amazon
Amazon stock falls more than 12% after announcing its third-quarter results, losing around $315 billion in market value in after-hours trading.
But in my view, the price is approaching a potential rebound zone. The stock is beginning to show an initial reaction after liquidity was swept from the weekly lows.
👀 Watch level: $225, with targets at $235 and then $245
If it holds this level, we may see a rebound during the Asian session. A break below it could open the door to further declines.
The opportunity seems to be there 👀
$AMZNB
#EarningsSeason
#amazon
