I really missed that one in the makings... Textbook hammer candle on Amazon, yesterday, and the stock is up quite a bit already. However, with the momentum that AMZN has got going, any shallow dip should be bought, especially when it ends with a Hammer. I'm a bit obsessed with hammers. Slow stochastics are also bottoming, so possibly indicating a good swing trade...
Main signals: Rising wedge with bottom line's breakout RSI divergence Sell now 757.30-757.00 Stop-loss 773.76 (+1 tic wedge's high) Target 640.00 (Elliott's waves+strong price levels) R\R ratio 1:7
Latest news released today: At a media event Thursday, Aug. 4, in Seattle, Amazon took the wraps off its first “Prime Air” branded plane, a Boeing 767 owned by Atlas Air that has been converted into a freighter. Amazon announced deals with two aircraft leasing companies — Atlas, and another called Air Transport Services Group, or ATSG — earlier this year to fly as...
Rising Wedge, Spinning Top, and MACD/RSI divergence in play...
AMAZON LOOKS LIKE LAST PUSH HIGH AND WILL B SHORT LIVED. GOOD CANDIDATE TO KEEP IN THE SHORT LIST AND MAY GO SHORT IN FEW MONTHS. www.pymnts.com
Patterns like this cannot sustain themselves. Make sure that your not being a pig on this one
Amazon is reaching for the trend support, 740/737 this is a good are to buy before earnings.
Well I was looking a financial report where it said. "Amazon Prime, Wells Fargo Team Up To Provide Discounted Student Loans". So though worth to check the amazon chart. Amazon already made the move of 80 Degree angle. And yeas there may be max 90 degree move if that is viable, and it may overthrow parallel channel which sometimes it happens. But a good stock to...
Amazon pullback before the earnings on July 29 are $731, $728 and $722. Would like to see it touch 728 before jumping back in for earnings. Expected to beat this earnings.
Chart saying much more. I'm waiting a retrace before going higher and this is an opportunity that we all can take.
There are some gaps that can be used to your advantage. Arrow mark the zones to be exploited. Beware of earnings and market conditions.
Amazon is likely to fall between thursday-monday Offset timeframes and compare price action to see a spike is coming down below.
below 50/cci in bottom range/percent r in bottom range/adx right/relative strength weak/competition from amazon
And take FB with you!