Hello Hivers,
Hope you all are doing well.
Today we will look into some crucial levels of Amazon..

Monthly Time Frame

In the monthly chart, Amazon appears to be scaling towards an all-time high resistance.

This could be a moment of reckoning, where the stock either breaks through to new heights or faces rejection.

Weekly Time Frame

Zooming into the weekly time frame Amazon showcases a series of higher highs and higher lows, forming a classic uptrend pattern.

This bullish momentum suggests strength in the stock, potentially leading it to revisit old resistance levels around 179 and 180. The upward trajectory in this timeframe implies a positive sentiment and investor confidence.

Daily Time Frame:

However, the daily chart shows a consolidation phase after giving a big up move .

The stock is treading within a range, oscillating between support and resistance levels.
Remember, technical analysis is a guide, not a crystal ball. It provides us with clues and signals, but the market is an unpredictable dance partner. Keep a keen eye on these patterns, and don't forget to factor in the broader market sentiment.
Thank you...