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Watch These Amazon Stock Price Levels After Post-Earnings Tumble

1. Amazon shares fell 8% after disappointing quarterly earnings. 2. AWS growth of 17.5% lagged behind competitors Microsoft and Google. 3. Key support levels identified around $199, $190, and $175. 4. Analysts suggest a potential buying opportunity following price drop. 5. $233 is a critical resistance level to watch.

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FAQ

Why Bearish?

Disappointing earnings and AWS growth suggest negative sentiment, leading to potential further declines.

How important is it?

Recent earnings and competitive positioning in cloud sectors directly influence investor sentiment and stock performance.

Why Short Term?

Immediate reactions to earnings and technical breakdowns likely impact stock in the near term.

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