Group 1 - Amazon's stock is currently testing the top of its recent trading range, which could lead to a significant upward movement if broken [1][6] - The previous support level around $217.50 was established in December and January, but it was broken in February, leading to a decline in stock price [2][4] - A large concentration of sellers formed resistance at the previous support level when the stock rallied back to this price in June, causing hesitation among buyers [4][5] Group 2 - In late June, buyers overcame the sellers, breaking the resistance and turning it into a new support level, indicating a potential shift in market sentiment [5][6] - The current resistance level is around $224, and if this is broken, it suggests that sellers have exited the market, paving the way for new buyers [6][7] - With reduced supply in the market, new buyers may need to push prices higher, potentially establishing a new uptrend for Amazon's stock [7]