Feb. 5 at 3:08 AM
Amazon (
$AMZN , 15-min, ~233.8): AMZN remains bearish intraday, rolling over from the 245–247 supply/strong high
and breaking back below equilibrium ~237–238, with price now pressing into the 232–230 demand (weak low) after a series of lower highs and persistent downside momentum.
Short-term bounces are likely to be corrective and face resistance first at 236–238, then 240–242, where sellers have consistently re-engaged; acceptance above that band would be needed to neutralize pressure.
As long as 232 fails to reclaim, risk favors continuation toward 228–225 demand, while only a sustained hold above 238 would signal stabilization rather than another leg lower.
