Technical Analysis & Options Outlook
📌 Current Price: $196.05
📌 Trend: Bullish Momentum with Key Resistance Ahead
📌 Timeframe: 1-Hour
Price Action & Market Structure
1. Bullish Reversal Confirmed – AMZN rebounded from the $190 PUT Wall, forming a higher low.
2. Breakout Attempt in Progress – Price is testing the trendline resistance, a key breakout zone.
3. Retest Possible – If rejected at $198–$200, AMZN may pull back to $195–$192 before continuing higher.
4. MACD & Stoch RSI – Both indicate strong bullish momentum, but Stoch RSI is nearing overbought territory, signaling possible short-term consolidation.
Key Levels to Watch
📍 Immediate Resistance:
🔹 $198 – Trendline Breakout Level
🔹 $200 – Major CALL Resistance (70.86%)
🔹 $202.50 – Strong CALL Wall & Potential Profit-Taking Zone
📍 Immediate Support:
🔻 $195 – Breakout Retest Zone
🔻 $190 – Highest Negative NETGEX / PUT Support
🔻 $185 – Deeper Liquidity Zone for Buyers
Options Flow & GEX Sentiment
* IVR: 40.7 (Moderate Volatility)
* IVx: 36.1 (-2.26%) (Declining Volatility)
* GEX (Gamma Exposure): Bullish Sentiment Improving
* CALL Walls: $200 & $202.50 (Upside targets)
* PUT Walls: $190 & $185 (Major support zones)
📌 Options Insight:
* Above $198, expect a gamma-driven move toward $200–$202.50 if momentum sustains.
* Below $195, risk increases for a test of $190, which has been a strong demand zone.
My Thoughts & Trade Recommendation
🚀 Bullish Case: If AMZN holds above $195, expect continuation to $200–$202.50.
⚠️ Bearish Case: If AMZN fails at $198, expect a retest of $190–$185 before another move higher.
Trade Idea (For Educational Purposes)
📌 Bullish Play:
🔹 Entry: Break and hold above $198
🔹 Target: $200–$202.50
🔹 Stop Loss: Below $195
📌 Bearish Play (Hedge Idea):
🔻 Entry: Rejection at $198
🔻 Target: $190 PUT Wall
🔻 Stop Loss: Above $200
Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and manage risk accordingly.
Final Thoughts
AMZN is in a critical breakout zone at $198. A strong move above this level could trigger a rally toward $200–$202.50, while failure to break could lead to a pullback toward $190 before attempting another move up. Watch price action carefully and wait for confirmation before entering a trade.
📌 Current Price: $196.05
📌 Trend: Bullish Momentum with Key Resistance Ahead
📌 Timeframe: 1-Hour
Price Action & Market Structure
1. Bullish Reversal Confirmed – AMZN rebounded from the $190 PUT Wall, forming a higher low.
2. Breakout Attempt in Progress – Price is testing the trendline resistance, a key breakout zone.
3. Retest Possible – If rejected at $198–$200, AMZN may pull back to $195–$192 before continuing higher.
4. MACD & Stoch RSI – Both indicate strong bullish momentum, but Stoch RSI is nearing overbought territory, signaling possible short-term consolidation.
Key Levels to Watch
📍 Immediate Resistance:
🔹 $198 – Trendline Breakout Level
🔹 $200 – Major CALL Resistance (70.86%)
🔹 $202.50 – Strong CALL Wall & Potential Profit-Taking Zone
📍 Immediate Support:
🔻 $195 – Breakout Retest Zone
🔻 $190 – Highest Negative NETGEX / PUT Support
🔻 $185 – Deeper Liquidity Zone for Buyers
Options Flow & GEX Sentiment
* IVR: 40.7 (Moderate Volatility)
* IVx: 36.1 (-2.26%) (Declining Volatility)
* GEX (Gamma Exposure): Bullish Sentiment Improving
* CALL Walls: $200 & $202.50 (Upside targets)
* PUT Walls: $190 & $185 (Major support zones)
📌 Options Insight:
* Above $198, expect a gamma-driven move toward $200–$202.50 if momentum sustains.
* Below $195, risk increases for a test of $190, which has been a strong demand zone.
My Thoughts & Trade Recommendation
🚀 Bullish Case: If AMZN holds above $195, expect continuation to $200–$202.50.
⚠️ Bearish Case: If AMZN fails at $198, expect a retest of $190–$185 before another move higher.
Trade Idea (For Educational Purposes)
📌 Bullish Play:
🔹 Entry: Break and hold above $198
🔹 Target: $200–$202.50
🔹 Stop Loss: Below $195
📌 Bearish Play (Hedge Idea):
🔻 Entry: Rejection at $198
🔻 Target: $190 PUT Wall
🔻 Stop Loss: Above $200
Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and manage risk accordingly.
Final Thoughts
AMZN is in a critical breakout zone at $198. A strong move above this level could trigger a rally toward $200–$202.50, while failure to break could lead to a pullback toward $190 before attempting another move up. Watch price action carefully and wait for confirmation before entering a trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.