AMZN: Consolidating Below Resistance
🔥 LucanInvestor's Strategy:
🩸 Short: Below $222.19, targeting $215 and $210. Bearish MACD momentum suggests caution near key support.
🩸 Long: Above $226.26, aiming for $230 and $240. A breakout above resistance would confirm bullish momentum.
🔥 LucanInvestor's Commands:
🩸 Resistance: $226.26 — A critical level for bulls to confirm upward momentum.
🩸 Support: $222.19 — Immediate support; breaking below could lead to a retest of $215.
Amazon (AMZN) is consolidating near key resistance at $226.26, with MACD showing weak but stabilizing momentum. The price is above the 9-day EMA ($222.19), signaling recovery, but sustained volume is required for a bullish breakout. A failure at resistance may result in a short-term pullback.
👑 "Master the range, and you’ll master the trade." — LucanInvestor
🩸 Short: Below $222.19, targeting $215 and $210. Bearish MACD momentum suggests caution near key support.
🩸 Long: Above $226.26, aiming for $230 and $240. A breakout above resistance would confirm bullish momentum.
🔥 LucanInvestor's Commands:
🩸 Resistance: $226.26 — A critical level for bulls to confirm upward momentum.
🩸 Support: $222.19 — Immediate support; breaking below could lead to a retest of $215.
Amazon (AMZN) is consolidating near key resistance at $226.26, with MACD showing weak but stabilizing momentum. The price is above the 9-day EMA ($222.19), signaling recovery, but sustained volume is required for a bullish breakout. A failure at resistance may result in a short-term pullback.
👑 "Master the range, and you’ll master the trade." — LucanInvestor
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