AMZN Analysis and Price Projections for 2025
Analysis and Price Projections for 2025 (3-to-5-Month Outlook)
Below is my analysis for each chart with a focus on Elliott Wave patterns, Fibonacci levels, and potential buy-the-dip opportunities.
Amazon.com Inc. (AMZN)
Current Price: $219.39
Key Levels:
Resistance: $233.00 (Wave 5 peak).
Support: $175.10 (38.2% retracement), $157.22 (50% retracement).
Outlook: AMZN has likely completed Wave 5 and is in an ABC correction. Key levels to watch are $175.10 and $157.22 as buy-the-dip zones.
Projection: A bounce from these levels could see AMZN trading back towards $200-$220 in the next 3-5 months and maybe $250.00 by year end.
Below is my analysis for each chart with a focus on Elliott Wave patterns, Fibonacci levels, and potential buy-the-dip opportunities.
Amazon.com Inc. (AMZN)
Current Price: $219.39
Key Levels:
Resistance: $233.00 (Wave 5 peak).
Support: $175.10 (38.2% retracement), $157.22 (50% retracement).
Outlook: AMZN has likely completed Wave 5 and is in an ABC correction. Key levels to watch are $175.10 and $157.22 as buy-the-dip zones.
Projection: A bounce from these levels could see AMZN trading back towards $200-$220 in the next 3-5 months and maybe $250.00 by year end.
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