Why Amazon's Next Earnings Could Trigger a Stock Breakout
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Amazon's stock has delivered over 50% gains in 2024, setting multiple all-time highs. Recently, the stock has been consolidating, forming a solid support base, which could lead to a breakout with the next earnings report.
January 10, 2025 | 4:00 pm
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Amazon's stock has gained over 50% in 2024, reaching multiple all-time highs. The recent consolidation phase is forming a solid support base, potentially leading to a breakout with the upcoming earnings report.
Amazon's stock has shown strong performance in 2024, and the current consolidation phase suggests a potential breakout. The upcoming earnings report could act as a catalyst for this breakout, making it a critical event for investors.
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