Bull/Bear case of AMZN

Key Resistance Levels: $221, $215
Key Support Levels: $188, $184

Bull Case

• The stock has been on a consistent upward trajectory since late 2022, forming higher highs and higher lows.The trend remains intact unless it breaks major support levels.
  
• If AMZN holds above $215, it could retest the $221+ resistance zone and push toward new highs.May target $230+ if momentum continues.
  
• The 38.2% Fib retracement (~$195) held as strong support.If AMZN stays above $212–$215, we could see a higher breakout.
  

Bear Case

• AMZN has retraced from recent highs (~$243), showing some weakness.A failure to reclaim $215 could trigger further downside.
  
• If AMZN breaks below $188–$184, it could trigger a larger correction to $168(Fib 0.786).
  
• Heavy volume in the $125-$135 range suggests strong historical buying interest, but it’s far below.
  

Final Verdict

• Bullish Bias Above $215: If AMZN holds above this level, expect a push to $221–$230. Above $231 we can expect $254.
  
• Bearish Below $188: A drop below $188 could lead to further selling down to $165–$160.
  

Best Trading Approach

• Agressive Bulls :- Buy dips near $202.51 with stop loss of $199
  
• Conservative Bulls:- $188–$184 with stop-loss below $180.
  
• Bears: Wait for a breakdown below $184 before shorting.
  

NOT FINANCIAL ADVICE