James Chen, CMT is an expert trader, investment adviser, and global market strategist. Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician ...

Amazon.com, Inc (NASDAQ:AMZN) was down about 2% on Thursday morning, at the lower trend line of a rising channel pattern. The pattern is bullish for the short term, but can be bearish down the road.