1346,5 Since September, when Amazon found it's highest peak, is experiencing a bearish trend, and the next big support is at 1346,5. It may bounce back now at the resistance that the trend has provoked.
$amzn closed below the 200 day on the daily, it held weekly 50day if it opens lower this week could test $1400. Chart looks like it could be a bottom here, depending on overall market condition.
Amazon has been in a bearish pullback for a month now, starting at the beginning of October and now showing signs of bullish continuation - We don't need to explain why it's a great idea to buy into this stock, Amazon are great innovators and are backed by an even greater economy (Don't listen to the constant bears, they have been saying a crash will come every...
Price is very close to strong trend line. RSI indicator gives reversal signal as well. You can use trend line as a stop loss level and expect some correction. Fibonacci Levels can be used for take profit levels. Good Luck !
as AAPL didnt deliver White House and President Trump start Plan B with warmer approach twds China to avoid stock crash ahead of Midterm elections... domino effect after 6th of November ? Who cares for now :)
Great gain opportunities in the Amazon stock (just like almost all other stocks right now). There is a hidden bullish divergence so it's the perfect time to buy!
amazon correction should be done, hitting 3 years long support line + oversold rsi.
Amazon Buy Idea @ Monthly Demand Zone (1519.41 - 1348.90) Buy Limit: 1529.98 Stop Loss: 1327.61 Take Profit: 1928.98 Risk Management = 0.01/$100 Recommended Leverage not to exceed 1:50 Recommended Risk Ratio 1:1.5 – 1:3 Close partially the contract once it reaches 50% of profit, Move stop loss over the entry level Close partially the contract once it...
Previous idea: Please refer to the update of the 10th of October from this previous TA : bubble parabola broken Take care
The previous analysis on Amazon worked out great so lets try to catch another good trade soon. On the lower time frame it looks like Amazon has formed a small inverse H&S, but from the looks of it the chances are big it will fail. Unless of course the US futures are in the green tomorrow and the price opens around the neckline again. If the green support zone...
Waiting for tomorrow open, sadly I probably will not be able to trade. I will try from my phone... I think Amazon will bounce, I will update this idea after I look at what happened in the past and TA the market as a whole, and calculate target SL etc and figure out if the trade is worthwhile or not.
This is my current thoughts on amazon share pricing Good time to short. Get in while you can :)
Amazon went from 5 bucks to 115 nonstop during the dotcom bubble. 2000%+ uninterrupted growth. It collapsed back down to 5 bucks during the crash. Since recovering, Amazon has gone from 100 bucks to 2000 nonstop the past 8 years. 2000%+ uninterrupted growth. Losing these weekly levels below would be baaaad. Could stop at any of those levels below but theres...
In my previous analysis I talked about this drop with a short target about $1569. Right now we can see a bullish divergence on a daily time frame and a short term capitulation, which means the market will have a good bounce around + 12% bounce during this week, targets $1745 and $1820
Technical Analysis and Outlook The Amazon finished lower coming from of Mean Resistance 1789 and progressing to significant Key Support 1567 , additional major Key Support 1459.50 , as well as outer Stock Dip 1400 , while the upside Dead-Cat-Bounce by revisiting Mean Resistance 1789 is not likely. Once the stock extends the descend by closing below initial...
Hi Guys, hope y'all doing good. Today I would talk about Amazon so let's move on. Most traders do not doubt that Amazon suffered in the previous period and the current period of severe weakness and inability to take off the red dress and get out of the fall and wear the green dress again, but how to Amazon to suffer from the decline and be stable at the same...