How Brian Shannon’s view on $AMZN changed

2026-08-28Bearish

“Stock Market & Crypto Analysis for Week Ending 8/28/26”

Do not chase AMZN; it needs to digest gains and may pull back to the declining 20-day MA.

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.

Watch the source11:49

Direction flip

2026-08-21

“Stock Market & Crypto Analysis for Week Ending 8/21/26”

AMZN is in a primary uptrend but currently lacks a buy signal due to a declining 5-day moving average; the speaker prefers to wait for stabilization before buying.

Stocks like Amazon. Um let me just erase that from a prior drawing. I have been looking to buy this, but I haven't bought it yet because we have a declining 5-day moving average and we see we're still heading lower from there.

This is the anchor from the Leo low. I don't think it's really important for Amazon.

Watch the source08:58