Jul. 12 at 6:58 PM
$AMZN is setting up in an area that deserves attention.
The recent pullback has brought price back toward an important technical support zone, where buyers have started to show interest. Instead of chasing extended momentum, I prefer watching high-quality names when they're building a new base. That's where many of the best risk-to-reward opportunities develop.
If support continues to hold and volume expands on the next advance, Amazon could begin a fresh leg higher. The long-term story around AWS, AI infrastructure, advertising, and e-commerce efficiency remains intact, while the current consolidation is giving the chart time to reset.
Simple setups are often the ones that pay the most.
$MSFT $NVDA $META
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