AMZN: Resistance Test at $240 – Breakout or Rejection?
🔥 LucanInvestor's Strategy: 🩸 Short: Below $235, targeting $225. If EMA 9 fails to hold, downside pressure may accelerate. 🩸 Long: Above $240, targeting $260. A strong breakout could confirm bullish continuation.
🔥 LucanInvestor's Commands: 🩸 Resistance: $240 — A key level that needs to be broken for upside momentum. 🩸 Support: $225 — EMA 200 aligns as a crucial trend support.
Amazon has built strong momentum, bouncing off key support levels, but now faces a major test at resistance. MACD is signaling strength, but confirmation is key.
👑 "The market doesn’t wait—position yourself before the move."