Technical analysis by xfzzhs2tbj about Symbol AMZNX on 8/10/2025

📊 Market Breakdown AMZN is trading at $222.69, having just broken out of the Golden Fib Zone ($211–$224) after bouncing off the equilibrium (~$206). The breakout puts price on track to test the Premium/Supply Zone ($242.88), but RSI at 56 shows there’s still gas left before hitting overbought territory. Trend: Strong recovery rally from $161 lows, now riding an ascending channel. Key Structure: Fib 0.786 retracement level ($224) now being tested; a clean hold here is bullish. Volume: Breakout volume modest, meaning we still need confirmation from buyers. Indicators: MACD: Bullish crossover intact. RSI: 56.36 – mid-range, plenty of upside potential. 🛒 CALLS (Bullish Scenario) Buy Zones: 🎯 Aggressive Entry: Retest of $218–$220 support (Fib 0.786 area) ✅ Confirmation Entry: Daily close above $224 with increased volume Take Profits: 1️⃣ $230 – Minor resistance 2️⃣ $242 – Premium/Supply Zone top 3️⃣ $250 – Channel extension target Stop-Loss: $216 Why This Works: Holding above the Golden Fib Zone opens the path to supply at $242+ within 2–3 weeks. 🛑 PUTS (Bearish Scenario) Sell Zones: 🚨 Aggressive Entry: Rejection at $224 resistance 📉 Breakdown Entry: Daily close below $216 Take Profits: 1️⃣ $206 – Equilibrium zone 2️⃣ $190 – Mid-channel support 3️⃣ $161 – Discount/Demand Zone Stop-Loss: $227 Why This Works: A failed breakout with a close below $216 flips short-term momentum bearish, targeting $206 and possibly $190 in 1–2 weeks. 🔍 Technical Highlights Golden Fib Zone: Price broke above but needs a retest hold for confirmation. Supply Zone Test Ahead: $242 is a strong resistance area. Macro Watch: AMZN often follows consumer spending & retail sales data; keep an eye on macro news. ⏳ Option Expiration Strategy: 1 Week: Rejection at $224 for quick puts 2–3 Weeks: Breakout holding $224 for calls toward $242