Key Support Levels and Potential for Further Decline
- Summary:
- The question on everyone’s mind is: Could Amazon (NASDAQ: AMZN) continue to slide, or is there a bounce on the horizon?
Amazon’s share price has taken a notable hit recently, with a 3% dip pushing it down to around $180.80. Investors are watching closely as the stock approaches key technical levels. The question on everyone’s mind is: Could Amazon (NASDAQ: AMZN) continue to slide, or is there a bounce on the horizon?
Amazon Key Support and Resistance Levels
Amazon is currently testing the support around $179.79. This level has previously acted as a springboard for rebounds, so it’s a critical juncture for the stock. Should Amazon break below this support, the next stop could be $168.87, a level not seen since…
