Amazon (
AMZN) is breaking out from the handle of a well-formed cup and handle base, offering a defined, low-risk entry with a strong technical structure.
📈 Entry Zone: 214.84 – 225.25
🛑 Stop Range: 203.88 – 197.23 (5–8% below entry, based on risk preference)
🎯 Target: 242.50
📌 Will consider adding above all-time highs if momentum builds
Price is riding above all major moving averages (10, 21, 50, 200), with bullish alignment across the board. The handle showed tight price action before this breakout, a constructive sign for continuation.
Relative strength is not leading, but it's starting to slope upward — signaling early participation. In a market where growth stocks are volatile, names like AMZN provide a more stable trend with potential for measured upside.
Fundamentally, Amazon continues to deliver across AWS, logistics, and advertising — with consistent earnings growth backing the technical picture.
AMZN) is breaking out from the handle of a well-formed cup and handle base, offering a defined, low-risk entry with a strong technical structure.📈 Entry Zone: 214.84 – 225.25
🛑 Stop Range: 203.88 – 197.23 (5–8% below entry, based on risk preference)
🎯 Target: 242.50
📌 Will consider adding above all-time highs if momentum builds
Price is riding above all major moving averages (10, 21, 50, 200), with bullish alignment across the board. The handle showed tight price action before this breakout, a constructive sign for continuation.
Relative strength is not leading, but it's starting to slope upward — signaling early participation. In a market where growth stocks are volatile, names like AMZN provide a more stable trend with potential for measured upside.
Fundamentally, Amazon continues to deliver across AWS, logistics, and advertising — with consistent earnings growth backing the technical picture.
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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.