Amazon (AMZN) has been experiencing significant volatility, making it an excellent candidate for both swing and intraday trading opportunities. Below, we analyze both the daily (1D) and intraday (15-minute) charts to develop actionable trading strategies.
📊 Daily Chart Analysis (1D) – Swing Trading Perspective
Key Observations:
AMZN recently peaked near $245-$250, followed by a sharp decline.
It is currently testing key support levels around $196-$190, which aligns with previous consolidation areas.
A potential Elliott Wave count suggests a completed impulse wave to the upside, followed by a corrective move downward.
Price is nearing a significant demand zone, which could serve as a buying opportunity for a potential reversal.
Upside target areas: $216 (previous resistance) and potentially back to $230+ if momentum builds.
Swing Trade Strategy (Next 10-25 Daily Candles)
🎯 Entry: Buy near $195-$190
🎯 Target 1: $216 (initial resistance)
🎯 Target 2: $230 (trend continuation)
🛑 Stop Loss: Below $185 (to protect against deeper breakdown)
Risk-Reward Ratio: ~3:1 (favorable setup)
📌 Strategy: Look for a bullish reversal candlestick (e.g., hammer, engulfing candle) near $195. If AMZN holds above $190, we could see a strong rebound toward the $216-$230 zone.
📊 15-Minute Chart Analysis – Intraday Trading Strategy
Key Observations:
AMZN has been in a clear downtrend intraday, forming lower highs and lower lows.
However, support around $190-$192 has held multiple times, indicating a potential double bottom formation.
Current price is attempting to break $200, which is an intraday pivot level.
If price clears $200, bullish momentum could accelerate, targeting higher levels.
Intraday Trade Strategy (Next 10-25 15-Minute Candles)
🎯 Entry: Buy above $198, or on a pullback to $195 with confirmation
🎯 Target 1: $202 (short-term resistance)
🎯 Target 2: $206-$208 (trend continuation)
🛑 Stop Loss: Below $190
Risk-Reward Ratio: ~2:1 (decent for day trades)
📌 Strategy: If AMZN holds above $198 and breaks past $200, we can expect bullish continuation toward $202-$208. If price rejects $200, we may see a retest of $195 before bouncing again.
📢 Final Thoughts
The daily chart suggests a potential swing trade opportunity if AMZN holds above $190.
The 15-minute chart shows a possible intraday reversal if $200 is reclaimed.
Risk management is key—stop losses should be respected to avoid unnecessary losses.
🔥 Overall, AMZN presents strong trading opportunities for both short-term and long-term traders. Stay nimble, watch price action closely, and execute with confidence! 🚀
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