🔥 Market Overview:
Trend: Amazon (AMZN) is in a mild pullback phase within an uptrend, testing key support levels.
Key Levels:
Resistance: $234–$236 (upper consolidation zone).
Support: $223–$225 (Supertrend support).
Indicators:
EMA 9: $229.22 (short-term resistance).
EMA 200: $225.34 (critical support).
Supertrend: $234.20 (indicating previous strength).
MACD: Bearish, with negative momentum.
RSI: 40.72 (neutral but near oversold, suggesting potential bounce).
🔥 Scalping Strategy:
🩸 1. Momentum Scalping:
Buy near: $223–$225 support level.
Target: $229–$231.
Stop-loss below: $222.
🩸 2. Breakout Scalping:
Long if price breaks above: $230, targeting $234.
Short if price rejects $230, targeting $225.
🩸 3. Range Scalping:
Sell near: $234 resistance.
Target: $225.
Stop-loss: $236.
🔥 Mid-Term Trend Forecast (1-3 Weeks):
If AMZN breaks above $230, expect a move toward $234–$236.
Failure to hold $225 support may lead to a drop toward $220–$218.
MACD remains weak, suggesting limited short-term upside unless momentum shifts.
🔥 News & Market Context:
E-commerce & AWS Growth: Long-term fundamentals remain strong.
Tech Sector Volatility: AMZN follows general market trends.
Macroeconomic Risks: Any Fed policy shifts could impact stock movement.
🔥 Decision:
🩸 Short-term: Watch for bounce near $225 or breakout above $230.
🩸 Mid-term: Weak momentum; a clear breakout is needed for a bullish confirmation.
🩸 Ideal Play: Wait for support confirmation before entering long positions.
👑 Final Verdict: Amazon is at a make-or-break level, with $225 acting as a key defense zone. Bulls need to reclaim $230 for continuation.
🔥 LucanInvestor's Quote: "The strongest positions are built when others hesitate. Patience is power."
Trend: Amazon (AMZN) is in a mild pullback phase within an uptrend, testing key support levels.
Key Levels:
Resistance: $234–$236 (upper consolidation zone).
Support: $223–$225 (Supertrend support).
Indicators:
EMA 9: $229.22 (short-term resistance).
EMA 200: $225.34 (critical support).
Supertrend: $234.20 (indicating previous strength).
MACD: Bearish, with negative momentum.
RSI: 40.72 (neutral but near oversold, suggesting potential bounce).
🔥 Scalping Strategy:
🩸 1. Momentum Scalping:
Buy near: $223–$225 support level.
Target: $229–$231.
Stop-loss below: $222.
🩸 2. Breakout Scalping:
Long if price breaks above: $230, targeting $234.
Short if price rejects $230, targeting $225.
🩸 3. Range Scalping:
Sell near: $234 resistance.
Target: $225.
Stop-loss: $236.
🔥 Mid-Term Trend Forecast (1-3 Weeks):
If AMZN breaks above $230, expect a move toward $234–$236.
Failure to hold $225 support may lead to a drop toward $220–$218.
MACD remains weak, suggesting limited short-term upside unless momentum shifts.
🔥 News & Market Context:
E-commerce & AWS Growth: Long-term fundamentals remain strong.
Tech Sector Volatility: AMZN follows general market trends.
Macroeconomic Risks: Any Fed policy shifts could impact stock movement.
🔥 Decision:
🩸 Short-term: Watch for bounce near $225 or breakout above $230.
🩸 Mid-term: Weak momentum; a clear breakout is needed for a bullish confirmation.
🩸 Ideal Play: Wait for support confirmation before entering long positions.
👑 Final Verdict: Amazon is at a make-or-break level, with $225 acting as a key defense zone. Bulls need to reclaim $230 for continuation.
🔥 LucanInvestor's Quote: "The strongest positions are built when others hesitate. Patience is power."
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.