Price trades below the 50-SMA (255.42) but constructively above the 200-SMA (232.98), preserving the primary uptrend structure. The MACD histogram has flipped positive as the line (-4.39) crossed above signal (-5.30), a first sign that the pullback from the 50-SMA is losing downside energy. RSI at 48.70 is mid-range with room to expand upward before hitting overbought, and the 4.16% cushion to the 200-SMA gives a defined risk perimeter. Trade-quality (90.9) and profit-probability (83.0) scores are strong, but technical-inflection at 53.4 argues for confirmation over anticipation.
Friday Playbook — Top 5 Setups
The day's five highest-conviction setups, ranked by technical inflection, profit-probability, and trade quality — 4 long, 1 short. Trade your plan and manage risk first. Also screened: $TSLA, $ANET, $GOOGL, $META, $TSM, $ASML.
5 of 5 plays
AMZN is coiling between its rising 200-SMA (232.98) and a declining 50-SMA (255.42), with price at 242.67 sitting just 4.16% above long-term trend support. This is a classic inflection: momentum is turning up (MACD -4.39 crossing above signal -5.30) while RSI at 48.70 remains neutral, leaving directional resolution pending.
EntryStage entries on strength: initial tranche on a reclaim of 248-250 with MACD holding its positive cross; add on a decisive close back above the 50-SMA at 255.42.
Targets255.42 — the 50-SMA, first supply/mean-reversion objective → 268-272 — measured extension above the 50-SMA reclaim
StopDaily close below 232.98 (200-SMA). A break there negates the long-term uptrend structure and invalidates the dip-buy thesis, opening downside continuation risk.
Educational only. Not financial advice.