Best New Expected Buying Zones for Amazon Stock

Amazon stock is still moving sideways on the daily timeframe.

The stock managed to break the recent downtrend and establish new demand zones.

These newly formed demand zones are considered among the best buying opportunities.

Currently, there are signs of accumulation on the stock.

If this accumulation is successful, we expect to see a strong upward 

movement in the stock price.

Currently, if the stock tests the demand zones around $218.75,

it is expected to rise to targets of $226 and $235, respectively.

However, if the stock breaks below the demand zones

 and closes below them with a full candlestick,

specifically, a close below $210.92, the technical analysis will be invalidated.

The expected upward movement will be unsuccessful,

 and we may see a further decline in the stock price.