Market Structure & Key Levels
* Current Price: $208.11
* Support: $200, $197.43
* Resistance: $215, $220, $225
Amazon (AMZN) has shown a recovery from the $197.43 demand zone, breaking multiple Break of Structure (BOS) and Change of Character (ChoCH) to the upside. This signals a potential trend shift from bearish to bullish momentum.
Reversal Zone Analysis
AMZN recently bounced off the highest negative NETGEX / PUT support and is approaching a critical reversal zone between $205 - $215. If price sustains above $205, the next leg higher could push toward $215 and beyond.
Options & GEX Analysis
* IVR: 44.7
* IVx Avg: 37.6
* GEX: Green (Bullish Bias)
* Put Walls: $200, $195, $190
* Call Walls: $215, $220, $225
The options flow suggests bullish momentum with strong call positioning above $215, aligning with resistance levels.
Trading Plan & Strategy
Bullish Scenario (Preferred)
* Entry: Above $205 with strong volume confirmation
* Target: $215, then $220
* Stop-Loss: Below $200
Bearish Scenario (Less Likely)
* Entry: If price rejects $210 - $215 resistance
* Target: $200
* Stop-Loss: Above $215
Options Trade Idea
* Bull Call Spread: Buy $205 Calls, Sell $220 Calls (April Expiry)
* Credit Put Spread: Sell $200 Puts, Buy $190 Puts
Final Thoughts
AMZN is showing early signs of a reversal, but confirmation is needed above $205. A break above $215 could trigger a further push toward $220 - $225, while rejection at resistance could lead to a retest of $200 - $197.43.
Disclaimer
This analysis is for educational purposes only and not financial advice. Please do your own research and manage risk accordingly.
* Current Price: $208.11
* Support: $200, $197.43
* Resistance: $215, $220, $225
Amazon (AMZN) has shown a recovery from the $197.43 demand zone, breaking multiple Break of Structure (BOS) and Change of Character (ChoCH) to the upside. This signals a potential trend shift from bearish to bullish momentum.
Reversal Zone Analysis
AMZN recently bounced off the highest negative NETGEX / PUT support and is approaching a critical reversal zone between $205 - $215. If price sustains above $205, the next leg higher could push toward $215 and beyond.
Options & GEX Analysis
* IVR: 44.7
* IVx Avg: 37.6
* GEX: Green (Bullish Bias)
* Put Walls: $200, $195, $190
* Call Walls: $215, $220, $225
The options flow suggests bullish momentum with strong call positioning above $215, aligning with resistance levels.
Trading Plan & Strategy
Bullish Scenario (Preferred)
* Entry: Above $205 with strong volume confirmation
* Target: $215, then $220
* Stop-Loss: Below $200
Bearish Scenario (Less Likely)
* Entry: If price rejects $210 - $215 resistance
* Target: $200
* Stop-Loss: Above $215
Options Trade Idea
* Bull Call Spread: Buy $205 Calls, Sell $220 Calls (April Expiry)
* Credit Put Spread: Sell $200 Puts, Buy $190 Puts
Final Thoughts
AMZN is showing early signs of a reversal, but confirmation is needed above $205. A break above $215 could trigger a further push toward $220 - $225, while rejection at resistance could lead to a retest of $200 - $197.43.
Disclaimer
This analysis is for educational purposes only and not financial advice. Please do your own research and manage risk accordingly.
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.