AMZN Daily Playbook
Amazon is caught in a transitional tape, trading at 237.50 — beneath a downward-sloping 50-SMA at 256.64 but still clinging just 2.06% above the 200-SMA at 232.71, which has become the line separating a broader uptrend from a deeper corrective phase. Momentum is soft: RSI at 36.89 is approaching oversold without yet flushing, and MACD at -5.11 sits below its signal at -3.12, confirming downside acceleration rather than stabilization. The immediate battleground is the 232.71 200-day; holding that zone keeps a mean-reversion setup toward the 50-SMA at 256.64 in play, ideally triggered by RSI reclaiming 40+ alongside a MACD/signal cross. Resistance stacks at the prior consolidation shelf near 256.64, with secondary supply likely on any retest of that broken 50-SMA. The bullish reversion thesis is invalidated on a decisive daily close below 232.71, which would shift structure to lower-highs/lower-lows and open air beneath the 200-day. Until then, this is a "watch the line" tape, not a chase.