From TradingView · · 50s
Amazon AI Earnings Test: $248 Support Holds?
Can Amazon's AI earnings test hold $248 support before price breaks?
In brief
Can Amazon's AI earnings test hold $248 support before price breaks? Amazon's AI earnings could push AMZNUSDT above $254 or drop below $248 support. Originally reported by TradingView.
AMZNUSDT Chart Setup
Amazon's earnings approach but AMZNUSDT pulled back 6.4% from $265 to $248.
Key Price Zones
Resistance at $252, $254, support at $248, $250, and lower support at $244, $246.
Why Earnings Matter
AWS revenue growth, AI infrastructure spending, and operating margins will test investor confidence.
Bullish Scenario
Break above $254 with volume could push AMZNUSDT toward $258, $260.
Bearish Scenario
Failure to hold $248 could drop AMZNUSDT toward $244, $246.
Neutral Scenario
Price moving between $248 and $254 may require waiting for confirmation before trading.
Final Take
Chongascent sees $254 as bullish confirmation level while $248 tests short-term recovery.
What it means
Amazon's AI earnings could push AMZNUSDT above $254 or drop below $248 support.
