Investing.com – Amazon (Nasdaq :), the online retail giant, is showing a positive technical configuration that favors an increase to 290, according to a rupture of a large base that was built between 2021 and 2024, according to the bank of The technical strategists of the United States.
In addition to the rupture, a bullish flag pattern was observed from December 2024 to January 2025, which further supports this positive technical configuration. The pattern is a common indicator used by merchants to predict possible future bullish movements.
Key support levels for Amazon actions are identified in 215 and between 201 and 195. These support levels are further reinforced by the growing mobile (MA) averages of 13, 26 and 40 weeks in 217, 199 and 194 , respectively.
In the world of technical analysis, mobile averages are used to soften prices tendencies filtering the “noise” of random fluctuations of short -term prices. MA of 13, 26 and 40 weeks are frequently used metrics that provide an idea of the long -term trends of the movement of an action.
In the case of Amazon, these increasing ma indicate a potential for a greater upward movement in the price of the action, supporting support levels and corroborating the positive technical configuration.
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