Eseandre Mordi
⬤ Amazon stock climbed toward the $232 level after weeks of declining prices. The stock is approaching a descending trendline that has capped price action since November. AMZN rebounded from support around $225-$228 and reentered the Bullish Neo Cloud zone, showing an early shift from recent weakness toward a more constructive structure.
⬤ Amazon formed an SFP pattern near the lower edge of the Neo Cloud, suggesting buyers defended the $225-$228 support range. The move toward $230-$235 marks the first notable upward test of the trendline in weeks. While the stock remains in a broader corrective phase, recent green candles signal improving short-term momentum. A Squeeze reading of 93.75% indicates elevated volatility conditions.
⬤ The downward-sloping resistance zone continues to cap AMZN's advances. The current rebound hasn't altered the broader market structure, as price remains below prior swing highs. The behavior within the cloud and modest recovery suggest the market is evaluating whether demand can persist. A decisive trend shift would require stronger follow-through, but stabilization above recent lows marks an important short-term development.
⬤ This moment matters because Amazon remains one of the most influential components of both the technology and retail sectors. Movement near key chart levels often influences broader sentiment and short-term portfolio positioning. With AMZN navigating a critical technical area, the stock's next direction could help shape near-term expectations across the wider market.
Eseandre Mordi
