Amazon.com Inc

AMZN has formed sequential lower highs and lower lows beneath the declining 9EMA and 20EMA, signaling medium-term seller control. Price trading below the 9/20/50 EMA cluster and extending lower indicates unfavorable timing for bullish entries. Short-term rejection at the EMA resistance zone reinforces sell-side execution now, ideally on any bounce into the 9EMA/20EMA area.

• ↑Q2 revenue +20% YoY to $200.6B; AWS +36.7% to $42.2B
• ↑Operating income +43% to $27.5B; AWS margin 39%
• ↓Antitrust suit over delivery practices risks fines and changes