May. 17 at 12:27 AM
$AMZN 50 SMA on the weekly has been the exact buy zone 3 times this cycle. It just touched it again at
$204.Q1 results: AWS 28% growth fastest in 15 quarters, EPS
$2.78 vs
$1.64 expected,
$181.5B revenue,
$364B AWS backlog, OpenAI 2GW Trainium commitment, Anthropic
$100B expansion signedBusiness is not slowing. Chart is giving you the same entry it gave twice before.
🐂 Reclaim
$227 and hold.
$250 next.
$278 ATH retest is the measured move.
🐻 Lose
$204 and the 50 SMA weekly.
$196 next then
$177 long-term support.
⚠️
$44.2B in Q1 capex alone. Free cash flow is being spent aggressively. Bears are focused here and not wrong near term.#AMZN #Amazon #AWS #AI #hovdid