To The Moon

Last night, $Amazon.com(AMZN)$ surged after coverage of an “AWS AI resurgence” and the launch of Bedrock cross-region inference for Anthropic’s Claude Sonnet 4 lifted sentiment about the company’s AI initiatives and services growth trajectory.

• Pattern: Clear cup-and-handle; handle breakout printed on rising volume → constructive confirmation.

• Levels:

  Support: 232–234 (breakout area); 220–222 (handle lows).

  Near resistance: 238–240; a strong close above keeps the breakout advancing.

• Bias: Positive while above ~232; a daily close back below weakens the setup.

Using DLCs for short-term trading

• Long DLCs (e.g. $AMZN 3xLongSG261006(USAW.SI)$ ) : On retests of 232–234 that hold or new highs >238–240 with volume.

• Short DLCs (e.g. $AMZN 3xShortSG261006(USBW.SI)$ ) : If price rejects 238–240 and closes back <232, target a move toward 220–222.

• Notes: DLCs are leveraged, best for short holding periods; monitor bid-ask, volatility, and time effects. Losses can be magnified.

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This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document has been published for general circulation only. 

This advertisement has not been reviewed by the Monetary Authority of Singapore. This post is sponsored by Societe Generale, Singapore Branch. The content of this article does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.