Pro Charts: Stocks & ETFs
Amazon.com Slams Into Double Top Resistance
Updated: Apr 22, 2024 | Published: Apr 13, 2024
Amazon.com (AMZN) hit double top resistance this past Thursday, only to be slammed back down on Friday's stock market decline. On Thursday, it briefly made a new all-time high.
Alphabet (GOOGL) made a new all-time high. Of the Magnificent 6 (AAPL, MSFT, NVDA, AMZN, GOOGL, META), all have now made a new all-time high in the last 5 months now.
This may be a sell signal, as the laggards have now checked the 'all-time high' box. All eyes are now turning to earnings season with Netflix (NFLX) reporting this coming week.