Tommorow we should break thru, the big mm can take it past that anytime, he wants it to do it by itself so he and the gang can push it past 264, get those call premiums expensive again, they are so cheap right now compared to the previous 2 weeks. After 264 amzn will be pulled to 300 easier and faster then most shorts want to admit.
I agree it will likely test 254 again today. The more time it tests 254, the more likely it's gong to break through to the upside IMO. Notice I said nothing about the value of this overpriced POS. It's all technical manipulation, it has been for a long time for AMZN. Best not to fight it, just take advantage and go along for the ride.
when the short and put option buyers run out of money...then they drop this like a rock. If appl can drop 10 percent in one day with their balance sheet and earnings, then amzn could surely drop 15 percent on any given tuesday.