AMZN Technical Analysis on October 29, 2024:

Key Levels
Resistance:

190.45 - 191.52: Major resistance range where AMZN previously faced selling pressure. Breaking above this could signal bullish momentum.
188.34 - 188.26: Short-term resistance zone. A break above this level may open the path to retest higher resistance levels.

Support:

187.49 - 187.83: Key support zone. If AMZN holds this range, it could provide a bounce opportunity.
184.71 - 183.69: Strong support levels; a break below here could signal further downside risk.
180.93 - 182.00: Major support zone; likely to attract buyers if the price retraces to this level.

Entry/Exit Points
Scalping:

Entry: Consider entering near 187.83 if AMZN shows buying interest with a potential target around 188.34.
Exit: Exit scalps before reaching resistance zones at 188.34 or on signs of reversal near 190.45.

Swing Trading:

Entry: Watch for a pullback to 184.71 for a potential swing entry if the price consolidates around this level.
Exit: Consider exiting near 190.45 if bullish momentum supports a continued rally.

Directional Suggestion
Bullish Bias: If AMZN can maintain above 187.83 and break through 188.34, with a potential target at 190.45.
Bearish Bias: If AMZN fails to hold above 183.69, it may signal a possible move down towards 182.00.

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consider consulting a financial advisor before trading.