Amazon Stock News: AMZN Trading in $212-$240 Range

• Trader Aksel Kibar pointed out that Amazon stock is “between two horizontal boundaries” — the daily chart shows AMZN bouncing between $212 support and $240 resistance with no clear breakout.

• Currently trading around $221 (middle of the range), the stock faces selling pressure near $240 and buying support at $212, reflecting market indecision as traders wait for a catalyst.

A break above $240 would signal bullish momentum and could push AMZN toward $255-$260, while a drop below $212 might trigger a pullback to the $200 psychological support level.

• This consolidation pattern mirrors broader tech sector sentiment — cautious optimism mixed with valuation concerns and economic uncertainty.

• Amazon’s upcoming earnings report and AWS performance could be the catalyst that breaks this range.