Direct answer
A beat on AWS revenue or a strong retail sales report could push AMZN above $149.
Most likely bullish catalysts
Accelerating AWS enterprise spend
Improving accelerating aws enterprise spend can support a stronger bid in Amazon.
Higher retail margin recovery
Improving higher retail margin recovery can support a stronger bid in Amazon.
Positive consumer demand outlook
Improving positive consumer demand outlook can support a stronger bid in Amazon.
What confirms the rally
- Confirm the move is supported by aws growth rather than a thin short squeeze.
- Check whether leadership across related stock markets is also improving.
- Only trust continuation if the chart holds gains after the first impulsive push.