novvoll12

AMZN 522.60 – Neutral – Carves out a consolidation zone

NASDAQ:AMZN   AMAZON.COM INC
10 0 0
AMZN             retraced over 38.2% of the 285.25/580.57 upleg (as shown on the weekly chart) to reach 451.00 (August 24, 2015 low) before carving out a consolidation zone. While the 452.65/451.00 support area holds, reclaiming 544.95 (July 27, 2015 weekly high) would signal return of strength towards the 580.57 record high for a retest (July 20, 2015).
However, a deeper pullback below 451.00 would caution bulls for further easing towards 425.57 (July 6, 2015 weekly low) near the 50% of the 285.25/580.57 upleg, which may contain the dips.

Outlook:
Short term: neutral
Long term: bullish
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out