Technical analysis by ImmaculateTony about Symbol AMZNX: Sell recommendation (8/20/2025)

AMZN BEAR CASE THREAD 🧵 Amazon's weekly chart reveals a critical technical breakdown. After failing to sustain momentum above key resistance at $223, price is now forming what appears to be a double top pattern. The downtrend line from recent highs is firmly intact with accelerating downside momentum on multiple timeframes. RSI showing weakness without reaching overbought territory - bearish divergence forming. With parabolic SAR now flipped bearish on the 4H chart and stochastic signaling overbought conditions, downside targets include $215 and potentially $200 if selling intensifies. Earnings optimism priced in, but macro headwinds mounting. Position accordingly. #Bearish #technicalanalysis