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AMZN
Investopedia
43 days

Watch These Amazon Price Levels With Prime Day, Tariff Delay in Focus

1. Amazon's Prime Day starts this week, extended to four days. 2. Trump administration delays implementation of extreme tariffs. 3. Stock shows signs of bullish momentum with rising wedge pattern. 4. Key overhead levels at $243 and $268, with support at $216 and $199. 5. Technical indicators suggest room for further upside in share price.

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FAQ

Why Bullish?

Positive indicators around Prime Day and delayed tariffs suggest potential for price increase, akin to previous successful Prime Day boosts in sales and market confidence.

How important is it?

The article discusses near-term events (Prime Day) with potential immediate price effects on AMZN, capturing significant investor interest.

Why Short Term?

The immediate impact is influenced by Prime Day sales outcomes, while longer-term effects depend on tariff developments and general market conditions.

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