Amazon at a Major Decision Point (Breakout or Breakdown?)

The chart shows a very important setup:
• A completed Cup & Handle pattern
• A strong ascending trendline still intact
• A long-term descending resistance line

Price is compressing between the trendline and resistance → major decision point.

Bullish Scenario
If AMZN closes above $235:
• Target 1: $245
• Target 2: $255
• Target 3: $268
• Stop-loss: Below $226

Bearish Scenario
A breakdown below $224 triggers:
• Target 1: $215
• Target 2: $205
• Target 3: $195
• Stop-loss: Above $230

Short Fundamental View
• AWS remains Amazon’s growth engine
• Retail recovery in the U.S. supports revenue
• Most analysts maintain Buy ratings
• Risks: rate pressure, AI competition, logistics costs