Technical Analysis (TA) for AMZN – April 7, 2025
After last week's broad-market flush triggered by tariff headlines, AMZN now sits at a key support level near $170, showing signs of weakness but holding a structure that traders should monitor closely.
Market Structure & Price Action:
* Price remains within a descending channel, making consistent lower highs.
* The recent Break of Structure (BOS) confirms bearish control after failing to hold the demand zone near $175.
* Price has now formed a small consolidation box below the BOS, typically a sign of continuation if no bullish momentum appears.
* Support remains weak near $170; a breakdown here opens the door toward the next major level at $165 and potentially down to $160.
* Overhead resistance sits at $184.50, aligned with the upper trendline and a previous liquidity sweep.
Indicators:
* MACD is slowly curling up from deeply negative territory, but still lacks a clear bullish crossover.
* Stoch RSI is oversold but hasn’t crossed up yet, indicating buyers are not yet stepping in aggressively.
GEX and Options Sentiment Analysis (1H Timeframe):
* Put Support (NETGEX) is strongest at $170, exactly where price is sitting now, giving short-term protection to the downside.
* Beneath that, $165 and $160 show substantial GEX negatives, meaning if $170 breaks, downside acceleration is highly likely.
* Gamma Resistance and Call Wall are stacked between $190–$203, with $190 showing the highest positive NETGEX – making it a strong resistance cap.
* IVR 142 and IVx avg 83.4%: Elevated volatility indicates strong market uncertainty.
* PUTs: 16.4% dominance, with 3 red GEX dots = bearish pressure with low call support.
Trade Setups to Watch This Week:
Bearish Continuation Setup (If $170 breaks):
* Entry: Below $169.80
* Target 1: $165
* Target 2: $160
* Stop: Above $173.50
Bullish Reversal (Only if strong reclaim of BOS):
* Entry: Above $176.50
* Target 1: $182.50
* Target 2: $190
* Stop: Below $170
Summary & Suggestions:
* Short-term traders can look to play the breakdown below $170, but must react quickly and respect momentum.
* Investors should stay cautious here. Only consider adding if AMZN reclaims the BOS zone and the market stabilizes.
* With tariff-related volatility still in the headlines, trade with reduced size and tighter stops.
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
After last week's broad-market flush triggered by tariff headlines, AMZN now sits at a key support level near $170, showing signs of weakness but holding a structure that traders should monitor closely.
Market Structure & Price Action:
* Price remains within a descending channel, making consistent lower highs.
* The recent Break of Structure (BOS) confirms bearish control after failing to hold the demand zone near $175.
* Price has now formed a small consolidation box below the BOS, typically a sign of continuation if no bullish momentum appears.
* Support remains weak near $170; a breakdown here opens the door toward the next major level at $165 and potentially down to $160.
* Overhead resistance sits at $184.50, aligned with the upper trendline and a previous liquidity sweep.
Indicators:
* MACD is slowly curling up from deeply negative territory, but still lacks a clear bullish crossover.
* Stoch RSI is oversold but hasn’t crossed up yet, indicating buyers are not yet stepping in aggressively.
GEX and Options Sentiment Analysis (1H Timeframe):
* Put Support (NETGEX) is strongest at $170, exactly where price is sitting now, giving short-term protection to the downside.
* Beneath that, $165 and $160 show substantial GEX negatives, meaning if $170 breaks, downside acceleration is highly likely.
* Gamma Resistance and Call Wall are stacked between $190–$203, with $190 showing the highest positive NETGEX – making it a strong resistance cap.
* IVR 142 and IVx avg 83.4%: Elevated volatility indicates strong market uncertainty.
* PUTs: 16.4% dominance, with 3 red GEX dots = bearish pressure with low call support.
Trade Setups to Watch This Week:
Bearish Continuation Setup (If $170 breaks):
* Entry: Below $169.80
* Target 1: $165
* Target 2: $160
* Stop: Above $173.50
Bullish Reversal (Only if strong reclaim of BOS):
* Entry: Above $176.50
* Target 1: $182.50
* Target 2: $190
* Stop: Below $170
Summary & Suggestions:
* Short-term traders can look to play the breakdown below $170, but must react quickly and respect momentum.
* Investors should stay cautious here. Only consider adding if AMZN reclaims the BOS zone and the market stabilizes.
* With tariff-related volatility still in the headlines, trade with reduced size and tighter stops.
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
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.