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Amazon stock price forecast technical traders following Amazon

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Technical traders following Amazon stock price forecast point to support around $172, with resistance likely near $191; sustained volume growth in cloud services could break upper resistance levels. Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. AWS' operating margins are significantly better than those of its commerce siblings, as it reported an impressive 33% operating margin. That's down from Q1's 39% margin, but it makes sense considering how much money AWS is spending to build out increased computing capacity due to massive demand. Amazon stock price forecast charts indicate bullish trend structure, with moving averages aligning upward; RSI suggests sustained buying momentum into early