Technical analysis by Dinjin about Symbol AMZNX on 1/7/2026

This chart shows Amazon attempting a renewed upside expansion after working through a multi-week consolidation and corrective phase. Following a pullback that held above prior support, price has rotated higher and reclaimed short-term daily structure. The most recent candle reflects strong bullish participation, with price pushing decisively above nearby reference levels. Rather than stalling at resistance, price has shown follow-through, suggesting acceptance at higher levels rather than a brief reaction move. Key structural observations: The corrective phase has transitioned into a higher-low recovery structure. Price is holding above rising short- and medium-term averages, reinforcing short-term trend strength. Multiple target interactions (“HITs”) indicate engagement at key reference levels rather than immediate rejection. Multi-timeframe context: Daily and 4H reference levels are closely stacked, forming a near-term decision zone. Weekly resistance remains overhead and may influence the pace of continuation. Lower reference levels beneath price define the structure that would need to fail to invalidate the current recovery. Momentum context: Momentum has turned upward from prior weakness, supporting the price rebound. Projected momentum suggests continued range exploration if price holds current structure. Loss of momentum would more likely lead to consolidation rather than an immediate trend reversal. Forward-Looking Scenarios (Probabilistic) Acceptance above reclaimed daily structure favors continued upside probing toward higher-timeframe resistance zones. Failure to hold current levels may result in sideways consolidation or a shallow pullback within the broader range. Directional clarity is expected as price resolves interaction with nearby weekly reference levels. All levels shown are contextual reference points, not guarantees. This chart is provided for educational and informational purposes only and should be confirmed using additional tools, timeframes, and risk management.