From TradingView · · 40s
Amazon Daily Pullback Setup
Amazon stock tests key support levels for potential reversal.
In brief
Amazon stock tests key support levels for potential reversal. Amazon's stock price is testing a critical support zone at 242.87 and 226.01 for a possible bullish reversal. Originally reported by TradingView.
Amazon Daily Technical Setup
Amazon stock tests key support levels for potential reversal.
Critical Support Zone
The stock tests a high-confluence demand zone at 242.87 (200-ema) and 226.01 (horizontal support).
Resistance Levels
Price faces dynamic resistance at 256.30 (17-ema) and macro peak target at 286.58.
Bullish Reversal Scenario
A reversal within 242.87-226.01 could rally toward 256.30 and 286.58.
Bearish Scenario
Breaking below 226.01 could trigger deeper downside toward 198.96.
The bottom line
Amazon's stock price is testing a critical support zone at 242.87 and 226.01 for a possible bullish reversal.
