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  TECHNICAL ANALYSIS: AMAZON STOCK BREAKS OUT OF PATTERN AND PRINTS A BULLISH CANDLESTICK . On Wednesday, Amazon emerged bullishly from a falling channel pattern. Amazon’s session on Wednesday ended close to the day’s peak, so Thursday’s pricing could be higher. After posting a bullish day on Wednesday, when the stock rose 1.39%, Amazon.com Inc.’s shares was trading flat in the premarket on Thursday. Amazon was in a falling channel pattern where the stock was making lower lows and lower highs between two parallel trendlines. The surge higher helped Amazon to break out of this pattern. The pattern is negative in the near term but has the potential to turn bullish later. For bearish traders, the “trend is your friend” (until it’s not) and the stock is likely to continue downwards. Aggressive traders may decide to short the stock at the upper trendline and exit the trade at the lower trendline. Bullish traders will want to watch for a breakup from the upper descending trendline, on hi...

  Apple Inc supplier Foxconn on Wednesday said it plans to ramp up investment outside of China and sweats to attract automakers to its contract manufacturing business, as the company reported weaker demand for consumer electronics. Foxconn, which assembles around 70 iPhones, has been diversifying products down from China, whose strict COVID restrictions disintegrated its biggest iPhone factory last time. The company also seeks to avoid an implicit megahit to its business from mounting trade pressures between Beijing and Washington.“ It’s client demand that guides our considerations on how to emplace our production capacity in the ICT field, ” Foxconn Chairman Liu Young- way said on an earnings call,  pertaining to information and dispatch technology.  He said the expansion was demanded in countries similar to the U.S., Vietnam, India, Mexico, and China, “in response to client and force chain adaptations ”. Foxconn didn’t say how important its investment would increase by ...