
Amazon.com Inc. ($AMZN) is currently trading below its daily implied volatility band, with a noted lower weekly expected move at $222.72. The company's stock recently broke below its 50-day moving average for the first time in several weeks, indicating a potential bearish trend. Analysts have observed that while Amazon did not bounce off the 50-day moving average as anticipated, recent trading sessions showed two candlesticks with lower shadows, suggesting that buyers are entering the market to close off the lows. In contrast, Alphabet Inc.'s Class A shares ($GOOGL) are being monitored for a potential bounce, with analysts noting a critical support level at $182.50, which, if maintained, could lead to a retest of the 50-day moving average around $192.



$AMZN Chart Update: Didn't bounce off the 50dma as I wanted it to. But last couple days put in two nice wicky lower shadow candlesticks. So that's not bad for bulls. Shows buyers came in intraday to close off the lows. Now can we get this mini descending wedge to bounce above?… https://t.co/zMG8dKQGbL
$GOOGL: Chart Update If name can hold this $182.50 resistance turned support area, we can get a cheapy bounce to retest the 50dma resistance around $192ish. So far we called the MSFT mini bounce. The AMZN bounce didn't work out (yet). Let's see if GOOGL can mini bounce. https://t.co/gdS5duBiAt
$GOOG $GOOGL https://t.co/ruyHEmIIAe