Do not chase AMZN; it needs to digest gains and may pull back to the declining 20-day MA.
BearishHe framed it in days
“Stock Market & Crypto Analysis for Week Ending 8/28/26”
Brian ShannonPublished Aug 28 · 1 passage
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Um Amazon had a shakeout in here. I got caught in that. And now it looks like Amazon could be maybe needing with that declining up to that declining 20-day moving average. I certainly wouldn't chase it here.
It needs to digest this gain. Maybe it goes another day or two and starts to pull back.
What this channel has said about $AMZN
Brian Shannon has 2 calls on this stock; only the adjacent ones are shown.
2026-08-28BearishThis one
Um Amazon had a shakeout in here. I got caught in that. And now it looks like Amazon could be maybe needing with that declining up to that declining 20-day moving average. I certainly wouldn't chase it here. It needs to digest this gain. Maybe it goes another day or two and starts to pull back.
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