Chart Art: Amazon Consolidates Above Key Moving Averages. Ready for Breakout or Breakdown?
Amazon (AMZN) is trading around $232, consolidating above a critical cluster of moving averages after recovering from its November selloff, with the stock now testing whether it can resume its march toward the $240-$250 zone or succumb to another leg lower. The e-commerce and cloud computing giant hit an all-time high of approximately $260 on…