AMZN Enters Squeeze Mode at $232.52

Amazon.com Inc (AMZN) traded flat at $232.52 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Mixed signals with price near the 9-day EMA ($229.45). The 21-day EMA sits at $229.79.
• Momentum: RSI at 54.4 is in neutral territory but trending higher. MACD is bullish (0.10 vs signal -0.59).
• Volatility: Stock has been in a TTM Squeeze for 9 days, indicating compressed volatility and potential for a significant move.

Key levels to watch: Support at $221.46, Resistance at $236.70.