Amazon 
AMZN is currently retracing into a major support level near $195, offering a solid long opportunity as broader market momentum holds up. This level has previously acted as a strong base, and price could now be positioning for a bullish continuation.
🔹 Entry Zone:
Around $195 (major support area)
🎯 Take Profit Targets:
🥇 $213 – $220 (previous resistance, aligns with local Fibonacci extension levels)
🥈 $234 – $242 (macro target zone if the broader market continues to rally)
🛑 Stop Loss:
Just below $188 (clear invalidation if key support breaks)
AMZN is currently retracing into a major support level near $195, offering a solid long opportunity as broader market momentum holds up. This level has previously acted as a strong base, and price could now be positioning for a bullish continuation.🔹 Entry Zone:
Around $195 (major support area)
🎯 Take Profit Targets:
🥇 $213 – $220 (previous resistance, aligns with local Fibonacci extension levels)
🥈 $234 – $242 (macro target zone if the broader market continues to rally)
🛑 Stop Loss:
Just below $188 (clear invalidation if key support breaks)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.