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Amazon

General Information

Amazon

Jeff Bezos established the worldwide technology corporation Amazon (AMZN) in 1994. Amazon started out as an online book retailer but has now diversified into a variety of industries, including e-commerce, cloud computing, digital streaming, and artificial intelligence. Investors from all over the world keep a close eye on Amazon’s stock since it is one of the biggest and most successful firms in the world.

 

The stock of Amazon is regarded as a blue-chip asset in the trading community because of its consistent growth and potential for long-term gains. The company’s financial statements and new product announcements are frequently analyzed by traders to determine the likelihood of future success. With the continued expansion of e-commerce and the rising popularity of cloud computing services, Amazon is well-positioned to maintain its position as a major force in the IT sector, making its stock a popular option for investors looking to put money into cutting-edge businesses.

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Technical Analysis

Traders use technical analysis to predict price movement by studying the market and past data using charts and trading indicators.

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