Amazon (AMZN): Testing New Heights—What’s Next?
🔥 LucanInvestor’s Commands:
🩸 Resistance: $228.50. A breakout targets $232 and $235, signaling continued bullish momentum.
🩸 Support: $224.00. A breakdown exposes $220 and $215 as key downside levels.
🔥 LucanInvestor’s Strategy:
🩸 Long: Above $228.50, aiming for $232 and $235. Increased buying volume will confirm strength.
🩸 Short: Below $224.00, targeting $220 and $215. A loss of support could lead to accelerated selling.
🩸 Amazon’s MACD indicates weakening momentum, but the stock remains above the 200 EMA, maintaining a bullish bias. Watch for volume spikes at $228.50 to confirm a breakout or at $224.00 for a breakdown. Seasonal trends support strong performance, with year-to-date gains of 47.65%.
👑 "Fortunes are built by those who act when others hesitate." — LucanInvestor
🩸 Resistance: $228.50. A breakout targets $232 and $235, signaling continued bullish momentum.
🩸 Support: $224.00. A breakdown exposes $220 and $215 as key downside levels.
🔥 LucanInvestor’s Strategy:
🩸 Long: Above $228.50, aiming for $232 and $235. Increased buying volume will confirm strength.
🩸 Short: Below $224.00, targeting $220 and $215. A loss of support could lead to accelerated selling.
🩸 Amazon’s MACD indicates weakening momentum, but the stock remains above the 200 EMA, maintaining a bullish bias. Watch for volume spikes at $228.50 to confirm a breakout or at $224.00 for a breakdown. Seasonal trends support strong performance, with year-to-date gains of 47.65%.
👑 "Fortunes are built by those who act when others hesitate." — LucanInvestor
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