AMZN: Technical Outlook and New Year TargetsAmazon.com, Inc.BATS:AMZNForexClinikAMZN: Technical Outlook and New Year Targets Following its recent all-time high (ATH) near $260, Amazon (AMZN) has entered a corrective phase, currently trading around the $230 level. This retracement raises two key questions for the coming months: how deep will this pullback go, and what are the primary targets for investors heading into 2026? Technical Analysis and Key Levels. The current price action suggests a healthy cooling-off period after a significant rally. From a technical perspective, there are two primary scenarios to monitor: Scenario A: Retest of the Ascending Trendline The stock may continue its gradual descent toward the primary ascending trendline. This support zone, located approximately between $220 and $223, represents a high-confluence area where long-term buying pressure has historically resumed. Scenario B: Immediate Support Defense Alternatively, the bulls may defend the current $230 psychological level. If buyers show strength here, it would indicate a shallow correction before a move back toward previous highs. Strategy and Risk Management. For those looking to build or add to a position, the $220 – $223 zone offers a compelling risk-to-reward ratio. Upside Targets: The initial objective remains a retest of the $260 ATH. If momentum continues, the next major psychological extension sits at $300. Risk Mitigation: While this analysis focuses on a mid-to-long-term horizon, active traders might consider the $200 zone as a critical area for a stop-loss, as a break below this level could invalidate the current bullish structure. Disclaimer This analysis is for educational and informational purposes only and does not constitute financial or investment advice. Trading involves significant risk, and you should consult with a professional advisor before making any financial decisions.