Amazon.com, Inc(AMZN) Price Approaches An Important Support ZoneAmazon.com, Inc.BATS:AMZNBlaisefxacademyAmazon stock is trading around $228-$230 ahead of its upcoming Q2 earnings report, driven by anticipation of massive AI spending and AWS cloud growth. Traders are bracing for a potential 6.9% post earnings stock swing. Consensus expectations target earnings per share (EPS) of roughly $1.81-$1.82 on revenue near $195.97 billion. Technical Insight: AMZN is in overall sideways momentum, ranging partially on a horizontal structure. Stock have been moving in this horizontal channel for about two months now. Price is presently at a significant support area, as there is a fair chance of buy retracement, between $220-$226, level. Key Points: A confirmed pullback above this level, activates a buy position, eyeing $249, as next possible bullish. Thanks for reading.