Apr. 5 at 8:49 PM
$AMZN Amazon 📦
- Price has been largely consolidating since the April/Liberation Day lows, and has formed a nice symmetrical triangle. Still a long ways from reached the apex though.
- If the supporting trendline were to be breached (confirmed close below on daily or higher timeframe), watch for the open gap from May 2025 to get filled, back down to ~
$193.
- The next upside targets are the 50WMA, at ~
$220, then room up to the resistance trendline around the mid-
$230S.
- Amazon is expected to report earnings on April 23rd. EPS of
$1.625 and Revenue of
$177.09B are expected.