Best Buying Zones for Amazon Stock on the Daily Timeframe

Amazon stock is moving sideways on the daily timeframe.

Currently, there are some corrections on the stock that may target

 the first demand zone identified around the $231 level.

So far, the stock is attempting to accumulate, which is more evident

 in the strong buying demand zones being formed on the daily timeframe.

Expected Buying Zones

We have more than one expected buying zone.

The first zone is located around the $231 level and is considered a strong area.

An upward move to targets of $240 and $248 is expected from here.

The second zone is located around the $218 level. Although it has been tested previously,

it remains a strong and suitable buying area, especially

 if a bullish price action emerges. The same targets are also expected

 to be reached if the price continues to rise.