Stock of the Day: Amazon
24 November 2025
In today’s stock of the day, we focus on Amazon, which has had a difficult three-week stretch on the chart. The last three weekly candles were clearly bearish, showing steady, consistent pressure from sellers. This decline was preceded by an important technical failure: a false breakout above the orange horizontal resistance level. That move, marked in blue, was quickly reversed, signalling waning momentum on the buyers’ side.
After slipping back below the resistance, Amazon retested the orange area, but instead of reclaiming it, the price reacted lower, confirming it once again as a valid resistance. From there, the decline accelerated and brought the stock straight to two decisive supports: the green horizontal support and the black dynamic uptrend line. These two levels currently form the last meaningful defensive zone for buyers.
If Amazon closes the week below both the green support and the black trendline, that would unlock a proper long-term sell signal, suggesting that the multi-month bullish structure has likely ended. Until that breakdown occurs, buyers technically still have a chance to defend the trend—but momentum is not on their side, and the burden of proof has shifted strongly toward the bullish camp.