Aug. 30 at 2:10 AM
📊
$AMZN | 21 EMA Bounce + Breakout Setup
AMZN closed +3.97% at
$266.43, bouncing right off the Daily 21 EMA and breaking out of the short-term falling wedge.
Momentum is shifting back toward bulls 👀
📰 Catalysts:
• Evercore ISI raised its PT to
$355
• AI expected to accelerate retail growth
• AWS continues expanding AI infrastructure with NVIDIA
📌 KEY LEVELS
🟢
$260–261 — 21 EMA + Put Wall
🟣
$264.39 — Gamma Flip
🎯
$270 →
$275 Call Wall
🚀 Above
$275 →
$280 →
$287
🔴 Below
$260 →
$255 →
$250
$260 is the line in the sand. Hold it and bulls have a path toward
$275+.