“$6 Billion Wasn't Enough: Yields Surge as Bessent Buyback Flops”
AMZN broke lower within its parallel channel; further downside toward $239.22 creates a potential buy setup.
First off with Amazon. You can see here Amazon today unfortunately put in a very significant close. It closed in the lower 50% of this parallel channel.
Now I remind you for any other new viewers this parallel dates all the way back here to January of 2023. We've navigated to the up to the bottom and back and forth all remaining within this inclining parallel channel.