TRADE SETUP

Where do we stand fundamentally?

Earnings Release: Q2 2025 earnings are scheduled for July 31—investors will be watching closely for AWS growth rates, retail momentum, and updates on capital expenditures.

• AI & Wearables Strategy: The acquisition of The Bee signals renewed Amazon interest in wearable AI. Future integration with Alexa and AWS could bolster its device ecosystem.

• Cloud Market Share: AWS's performance amid chip supply constraints and competition from Google and Microsoft will be key, especially as AI demand evolves

Amazon is testing the upside wedge resistance at 230 and looking for a rejection here and a possible correction heading to an earnings report next week and an overall market sentiment.

For the rally to continue, we need a sustained breakout above 230. A break below 216 could open a test of the next support, 190, in the medium-term.

_{I am taking a near-term short-trade entry with an SL above to target 184. You can buy put options as well.}