🌐 Amazon announced results yesterday and the stock is experiencing a decent drop!
📉 Stock drops by more than 12 % after the earnings release shows how sensitive the market is to the performance of big tech companies. Amazon $AMZN beat earnings per share expectations in the second quarter ($1.26 vs. $1.04 estimate), but revenue of$148 billion fell short of analysts' forecasts.
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The decline was really decent during the session. Eventually, however, the price got at least a little higher and ended the week with an absolutely luxurious pin bar on the daily chart. Could this be a buying opportunity?