Sep. 21 at 8:34 PM
$AMZN pulling back toward its short-term EMAs, trading at
$258.45 — just above EMA20 (
$255.38) and EMA50 (
$255.15). Long-term trend still solidly up (EMA200 at
$244.49). RSI neutral at 52.7, volume running 123% of average today.
Reads as a pullback within an intact uptrend for me, not a breakdown. Watching the EMA20 zone (
$252.83-
$257.93) — if it holds, trend stays valid. A break below EMA50 (
$255.15) would change my read.
AWS keeps scaling AI infrastructure, which is the backdrop here even if this is a pure technical read. Not financial advice, DYOR.
