AMZN is showing a strong rebound off recent lows, with price reclaiming the Ichimoku cloud and pushing higher as the slope indicator turns upward—signaling improving momentum. But take a look at this. The recent series of strong candles suggests buyers have stepped back in with conviction, supported by an increase in volume.

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However, the stock is now approaching a prior resistance zone where price previously struggled, which could act as a near-term hurdle. While the shift in trend is constructive, a sustained move above this level would be needed to confirm continued upside, while any hesitation here could lead to a short-term pullback or consolidation before the next move.

Wishing you the best,

Wendy