AMZN: Daily Trend Change with Bullish Continuation Setup

26 Jun

🗓 Published: June 26, 2025
📍 Ticker: AMZN – Amazon.com Inc.
🕒 Timeframes: Daily & 4H
📊 Technical Bias: Bullish
📈 Trend: Higher Highs & Higher Lows

🧠 Analysis Summary
Amazon has successfully reclaimed a bullish market structure on the daily chart by forming higher highs and higher lows since late April. Price is now retesting a key support zone around $209–$212, which aligns with both horizontal support and the rising trendline.

On the 4H chart, the price is stabilizing near the trendline support, offering a high-probability long entry setup if the current structure holds.

📍 Key Levels
Price Level Description
206.28–206.42 Key support zone (invalidation area)
209.06 Local demand area
212.06 Retest level, potential entry
214.76 Local high / minor resistance
219.92 Intermediate target zone
225.22–225.29 Main bullish target / resistance

✅ Trade Setup
Entry Zone:
🔵 Long between $209.00 – $212.00 on confirmation of support

Take Profit Targets:

TP1: $214.76

TP2: $219.92

TP3: $225.22–225.29

Stop Loss:
🔴 Below $206.00 (break of structure + trendline invalidation)

Risk:Reward Potential: ~1:2.5

🔍 Confluence Factors
Daily trendline acting as dynamic support

Demand zone overlap at $209

Volume spike near base, suggesting buyer interest

Higher low formation + potential breakout of local range

⚠️ Risk Note
Only valid if price holds the $209–$212 demand area. If $206.00 is broken with strong bearish candles, the long setup is invalidated and a reassessment is required.

💬 Do you think AMZN will reclaim $225 by earnings? Let me know your outlook!

🚀 Stay patient, follow price structure, and manage your risk properly.

Rendon1

27 Jun

Dagangan aktif

First target(black line) reached, do not your floating profit to disappear, TP partially, during US open.

24 Jul

Dagangan ditutup: sasaran tercapai