Price at 242.67 trades below the 50-SMA (255.42) but comfortably above the 200-SMA (232.98), keeping the primary uptrend structurally intact. RSI at 48.70 is neutral with room to expand, while MACD at -4.39 crossing above its signal at -5.30 marks an early momentum turn from oversold conditions. The 50-SMA acts as the immediate ceiling; reclaiming it would flip the intermediate tape bullish, whereas failure keeps price range-bound between 233 and 255.
Saturday 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 declining 50-SMA (255.42), sitting 4.16% above long-term trend support — a classic inflection where the Long bias needs confirmation from momentum before committing size.
EntryStaged accumulation 240–243 on constructive holds of the 200-SMA; add-on trigger on a reclaim of the 50-SMA at 255.42 with MACD crossing positive.
Targets255.40 — 50-SMA reversion and first supply zone → 268.00 — measured move above 50-SMA reclaim
StopDaily close below 232.00 (under the 200-SMA); breaking it invalidates the long-term uptrend and negates the MACD turn.
Educational only. Not financial advice.