Enter Amazon (AMZN) Near 236.53 Buy Point
about 2 months ago
Justin Nielsen
"Amazon is up about 1.5% and looks like its just below that 236.53 buy point. Earlier resistance at 234.08 offered an entry opportunity, suggesting a potential early entry ahead of further strength."
Amazon (AMZN) is showing a potential buy signal as it trades just below the 236.53 level, with previous resistance around 234.08. This setup provides an opportunity for position traders to consider an entry for a potential short-term swing, riding the strength of mega cap momentum.
Scores
Alpha Potential
8.0/10
Novelty
8.0/10
Credibility
8.0/10
Timeliness
8.0/10
Overall
8.0/10
Sentiment
Bullish
Conviction
High
Tier
Trade Call
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Episode Information
Episode:
Indexes Up, But Strength Is Uneven; Taiwan Semi, Amazon And Cadence Design In Focus
Source:Stock Market Today With IBD
Published:
September 8, 2025
Idea Type:
Stock Idea