Technical analysis by BullBearInsights about Symbol AMZNX on 16 hour ago

AMZN doesn’t look strong going into Dec. 15. It’s not collapsing, but it also doesn’t show the kind of buying pressure you’d expect if a real bounce was coming. After the breakdown from the prior range, price tried to stabilize, but every push higher has been slow and overlapping. That usually tells me sellers are still in control and buyers are only reacting, not leading. Right now, AMZN is hovering around the 226–227 area. It’s holding for the moment, but nothing here looks like a confirmed bottom. This feels more like a pause after selling than accumulation. As long as price stays below the prior breakdown zone, the trend hasn’t changed. Levels I’m watching The most important area is 227–228. That zone has repeatedly capped price and lines up with prior structure. If AMZN can’t reclaim and hold above it, upside moves are likely just relief bounces. Above that, 230–232 is the bigger test. This was strong support before the breakdown and should now act as resistance. If price reaches that zone without strong volume, I’d expect sellers to step in again. On the downside, 225 is the first level that matters. If that breaks, the chart opens up quickly toward 222–220, which is the next liquidity pocket from the previous move. How options positioning fits (confirmation only) Options positioning explains why price feels heavy. There’s solid PUT support below, which is slowing downside momentum. At the same time, CALL resistance is stacked overhead, especially above 230. That makes sustained upside harder unless volume expands. This lines up with what price is already telling us — downside moves have more follow-through than upside attempts. How I’m approaching Dec. 15 If AMZN opens and can’t hold above 227, I’ll stay cautious on longs. A clean break below 225 is where downside momentum likely picks up again. If price manages to reclaim 228–230 and hold, then I’d reassess. Until that happens, I’m treating upside moves as corrective, not a trend shift. For me: * Below 225 → downside continuation risk * Between 225–228 → chop and traps * Above 230 with acceptance → trend improvement attempt Until proven otherwise, this still looks like bearish consolidation, not a confirmed bottom. This analysis is for educational purposes only and does not constitute financial advice.