AMZN is recovering after a recent pullback and approaching a key resistance area. The current structure suggests buyers are attempting to regain control as momentum gradually improves.
Bullish scenario:
- A breakout above recent highs could support continuation toward the next resistance levels.
- Strong trend structure remains intact while price stays above support.
Bearish scenario:
- Rejection near resistance may trigger short-term profit taking.
- Broader market weakness could increase volatility in tech stocks.
Key levels to watch:
- Support: recent consolidation zone
- Resistance: previous swing highs
Momentum remains cautiously bullish while buyers continue defending higher lows.
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