timwest

AMZN expanding triangle, head & shouders bottom

NASDAQ:AMZN   AMAZON COM INC
823 6 5
AMZN             has a very nice base formation that is looking better as each day passes. The pattern you see labeled here is a "wipe-out" pattern that shifts psychology severely to the negative perspective. Notice how many drops and violations of previous lows there are in this chart. The "manic-depressive" nature of the swings wrings out most players from the stock , but in this case it punishes the bulls more due to the persistent, sharp declines that stop-out any speculators. This pattern provides a decent stop-loss protection under the 176 area with upside to the 206 area in a few weeks. This chart is a follow-up to the buy I placed on AMZN             just over a week ago around the 179 level. Cheers and good fortune to all. By: Technical Tim, Wed, Jan 25, 2012, 3:28PM EST
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
timwest PRO
4 years ago
Here's the link:
AMZN versus AAPL pairs update


"I like to see trendlines break to see if that flushes out the weak holders. What I can see here is that AMZN did clearly break this long term trend and has had plenty of bad news lately. I believe this may be a low risk entry on the long-side with a definable risk (always 3 average daily ranges) and plenty of upside potential. I think AMZN is a reasonable buy here.

By: Technical Tim, Wed, Jan 11, 2012, 3:19PM EST
oversold pair correlation AMZN AAPL

SEND COMMENT
timwest , Jan. 11, 2012, 2:26 p.m. Reply
AAPL 421.66 last, AMZN 179.04.... 3:26PM EST"
Reply
StockFxMarket
4 years ago
agree with Bullish drive...my last target is a around 219
Reply
timwest PRO
4 years ago
Raise stop to breakeven at the least and be patient for AMZN to digest these gains made to the 195+ level for at least a few days. Sunday, 9:43AM EST
Reply
timwest PRO
4 years ago
AMZN closer to support than resistance
Updated forecast for AMZN
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out