Amazon completed its 20 for 1 stock split on 6 June 2022. However this corporate exercised failed to kick start any significant rally as closed lower at $109.65 on Friday. This price action suggests bears are in control and there are opportunities for short selling. In addition, Amazon has been craving out lower lows and lower highs since start of 2022. Besides that, EMA10-EMA20 just formed a deadly cross, a bearish indication. Hence Amazon could resume its downtrend with potential support seen at $101.26, which is the year to date low. Next support is $94.46, last traded on May 2022 (split adjusted price). Alternatively, a daily close above $130, which was around the 29 April “gap down”, could provide relief rally with upside resistance seen at $137.8 and $150.