Whats up Traders, All of the explanation is on the chart.. . Retail Economic Data coming into play on this one majorly. We are looking for a breakthrough of the descending wedge pattern Looking for continued retail sales growth next month also.
Tomorrow is D-day for Amazon. Make or break. Well, I guess it could trade sideways but that's no fun. Anyway, price is meeting very important resistance tomorrow at the upper channel line and the 200 day moving average. Both have proven themselves to be difficult to move through, but with the momentum Amazon found in the afternoon today, I'd say anything is...
Amazon could stay in the uptrend (green line) until yield curve inversion (10yr - 2yr Treasuries spread becomes negative) and then crash (red line). Current news about yield curve inversion of 5yr - 3yr Treasuries is premature. That indicator was 4 years early in 1964, 3 years early in 2005, and usually was 2 years early.
Amazon completed last month a decline of more than -30% unsettling investors. But is such a % loss in price that uncommon? A more careful look into AMZN's price action (log scale) since 2009 and after the markets stabilized from the 2008 crisis, shows that the stock had pull backs of around -30% on another 4 occasions. Each time the stock grew by a minimum of...
Looks like dead cat bounce for now. Bears took that post G20 rally as selling opportunity. more fake news needed as bulls have to retake 7200/7400
Some good long ranges and associated stop ranges. Green is decent, close stop. Purple is a alright but be prepared to take a bigger hit from the gap to its stop. Teal is the best, super close stop and solid upside.
Possible completion of a Shark on the Amazon chart. Two possible C points of the pattern, converging in the area of the 0.886 retracement – 1.13 extension ($ 1970/2100). Stop loss at $ 1395/1400.
The market is telegraphing, it’s letting us know how it is feeling and I can assure you the feeling is not one of joy. One of the stocks that is looking sick at the moment is AMZN. I am expecting to see a BIG drop in the near future that should bring AMZN down to the $1200’s and the UGLY part of this prediction…. This is not going to be the bottom!
Short based of channels and fibs My Entry: 1600.00 (any entry above this is fine) Stop Loss: 1650.00 PT: 1440.00 area Risk/Reward: 1:3.4
This is really like a David and Goliath story. Amazon is the big Giant and many traders with smaller accounts may not be able to take it on. In the screencast I show why I estimate cautiously a key position with probability for the south. Note carefully that every probability estimate in one direction leaves a probability for the other direction. I'd like to...
big picture TA, kinda bored so im playing around with the big guys, swing trades for life fam
AMAZON - Tomorrow - 29-11-18 \ classic bear market behavior - jim cramer "mad money" is right NASDAQ:AMZN
Hello Traders, Short term Elliott Wave View in Amazon suggests that the bounce to 1784 ended red wave x. And red wave y is currently in progress lower as a double three Elliott Wave structure. Down from 1784, black wave ((W)) ended at 1420 and black wave ((X)) bounce is in progress and is currently trading in the blue box area where a reaction lower is expected....
AMZN is approaching its support at 1359.84 (100% & 61.8% Fibonacci extension, 38.2% Fiboancci retracement, horizontal swing low support) where it could potentially rise to its resistance at 1757.82 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 4.3% where a corresponding bounce could occur.
Hi guys ! I post my trading idea for shorting Amazon. As we see from technical analysis from the weekly chart RSI is below 50 which is a clear short signal and ADX is tend to cross down from the -DI which is a very good short signal but it contains risk. The target for this move is at 1397$. Hope you find it usefull !
AMAZON IS GOING DOWN! FIND A GOOD ENTRY POINT AND SHORT IT! Reasons: 1)Head and Shoulders Pattern confirmed by volume 2) Down gap 3) Price at neckline 4) 50 SMA reaches 200SMA! GOOD LUCK!