From TradingView · · 1m
Amazon Earnings Week: Breakout or Breakdown?
Amazon's earnings week could see a breakout above $265 or breakdown below $245.
In brief
Amazon's earnings week could see a breakout above $265 or breakdown below $245. Amazon's stock may break above $265 for a bullish move or drop below $245 for a bearish move during earnings week. Originally reported by TradingView.
Amazon Earnings Catalyst
Amazon is approaching its October 29 earnings catalyst with AWS growth, AI infrastructure spending, profitability and forward guidance likely to shape market expectations.
Technical Levels
Amazon remains in consolidation after correcting from August highs near $285 with repeated selling pressure around $263-265 and buyers defending $243-249.
Bullish Scenario
A confirmed 4H close above $265 with stronger volume and retest of breakout zone could target $270, $275, then $280-285.
Bearish Scenario
A sustained 4H close below $245 followed by failed reclaim could target $240, $235, then $230 if selling pressure accelerates.
Trading Perspective
As a scalper, I prefer confirmation over prediction and will monitor liquidity sweeps, 15M-1H market shifts, volume expansion and reaction to major levels.
The key point
Amazon's stock may break above $265 for a bullish move or drop below $245 for a bearish move during earnings week.
