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...
Stock molds are always the same only eye familiarity and fondly researchers realize some things. This will not be the first, not the last. angular seen as Turkey's largest white goods company description is priced lower than the point at which the terms of the more glorious by Amazon. Arçelik 70% of the angle of ascension, but 77% of the Angle of ascension. Loss...
Amazon completed double top and broke first and second neckline. Probably looking at 80% correction.
Labeled some key levels of significance and used a fib retracement chart to estimate landing zones. Prior mini-tops retraced to about the .5 fib level. The larger cycle correction could also obey this level but may drag lower to the .618 range, which is why I gave a range for where the price could land. ~1600 is a key level of significance, if it breaks we will...
Beautiful exponential rise for years. Blows off over the upper trendline. Very similar to MSFT, CSCO, GE in the 90's. Tech bubble 2.0 about to pop. AAPL will be strongest thanks to its cash flow and cash level. After the crash (over 50% for AMZN and GOOGL) the prices will likely recover similar to how CSCO and MSFT did but in 20 years AAPL, AMZN and GOOGL will...
Look for stop hunt towards pre market low with strong rejection... otherwise abyss ahead. If seller I would wait for at least retest of day open
Amazon stocks where retracing in last few days and weekly chart is forming a doji star. Slow stochastic confirms a rebound to oversold line. Good opportunity for buy. There are two possible entries. Conservative: - Place a buy stop just few pips above doji star high; - Stop loss at low of previous week; - Take profit with a risk/reward ratio above...
AMZN looking to possibly fill this level and bounce off, if the level fails then we will fall more..duh:)
$AMZN short-term Elliott wave view suggests that a decline to $1685.99 low ended black wave ((W)). The internals of that decline unfolded as Elliott wave Flat structure. Up from there, a bounce to $1856.92 high ended black wave ((X)) as Elliott wave zigzag correction. Where blue wave (A) ended in lesser degree 5 waves at $1809.88 high. A pullback to $1734.23 low...
Amazon has a Double top pattern with bearish divergence at all time high, It did broke the neckline (1902$) and it's currently doing a retest of it, short entry values are $1869 and $1902, with stop loss at $1954 it will take 2 or 3 days, before it starts retracing sharply to its next support zone $1569/$1600 this should be Next week, will probably reach the...
GOOGLE and AMAZON On Wall Street, the USA500 closed 3.1% for the worse, and the tech-laden USA100 with a 4.6% loss. Corporate earnings and guidance have been flagging the nascent signs of a deteriorating business environment and outlook risks. As investors are loosing there faith in stock market, there pressure has moved to today's earnings reports, as two of...