AMZN: Technical Analysis for Feb. 13🔥 Technical Analysis (TA) for Amazon (AMZN)
Amazon (AMZN) is currently consolidating within a symmetrical triangle pattern on the 1-hour timeframe, indicating a potential breakout is imminent.
📊 Key Levels to Watch:
* Resistance: $233.95 → A breakout above this level could send AMZN toward the $235–$240 range.
* Support: $229.31 → Holding above this level is crucial for maintaining bullish momentum.
* Major Support: $222.50 → If AMZN loses this level, it may test $220–$215.
📈 Indicators Analysis:
* MACD: Trending near neutral, signaling a balance between buyers and sellers. A bullish crossover could ignite upside momentum.
* Stoch RSI: Oversold, suggesting AMZN could be primed for a bounce.
Options GEX Analysis for AMZN
* Call Resistance/Gamma Wall: $235 → If AMZN can push above this, it may trigger a gamma squeeze toward $240+.
* Put Support Wall: $222.50 → This zone is acting as a safety net for bulls. A breakdown below could trigger further downside.
* IVR: 12.6, IVx avg 27.2 (-1.53%) → Low implied volatility, indicating a potential increase in movement soon.
* Calls vs. Puts Sentiment: Calls 9.2% → Bullish sentiment is still subdued.
📌 Trade Outlook
🚀 Bullish Scenario:
* A breakout above $233.95 could send AMZN toward $235–$240.
* Calls with strike >$235 for March could be favorable for a bullish play.
⚠️ Bearish Scenario:
* Losing $229.31 could send AMZN down to $222.50, with a possible drop to $220.
* A put spread targeting $225–$220 could work for a bearish breakdown.
🛑 Risk Management:
* Stop Loss for Longs: Below $229.
* Stop Loss for Shorts: Above $234.
🚨 Traders, keep AMZN on your radar – a big move is coming soon! 🚨
🔔 This analysis is for educational purposes only. Trade responsibly!
