Key Resistance Levels: $221, $215
Key Support Levels: $188, $184
Bull Case
Bear Case
Final Verdict
Best Trading Approach
NOT FINANCIAL ADVICE
Key Support Levels: $188, $184
Bull Case
- The stock has been on a consistent upward trajectory since late 2022, forming higher highs and higher lows.The trend remains intact unless it breaks major support levels.
- If AMZN holds above $215, it could retest the $221+ resistance zone and push toward new highs.May target $230+ if momentum continues.
- The 38.2% Fib retracement (~$195) held as strong support.If AMZN stays above $212–$215, we could see a higher breakout.
Bear Case
- AMZN has retraced from recent highs (~$243), showing some weakness.A failure to reclaim $215 could trigger further downside.
- If AMZN breaks below $188–$184, it could trigger a larger correction to $168(Fib 0.786).
- Heavy volume in the $125-$135 range suggests strong historical buying interest, but it’s far below.
Final Verdict
- Bullish Bias Above $215: If AMZN holds above this level, expect a push to $221–$230. Above $231 we can expect $254.
- Bearish Below $188: A drop below $188 could lead to further selling down to $165–$160.
Best Trading Approach
- Agressive Bulls :- Buy dips near $202.51 with stop loss of $199
- Conservative Bulls:- $188–$184 with stop-loss below $180.
- Bears: Wait for a breakdown below $184 before shorting.
NOT FINANCIAL ADVICE
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.