This chart reminds me of those parabolic AAPL days, when you wished the price would slow down just enough for you to hop on and enjoy the ride. Then it finally shows signs of slowing down but to your surprise its more like a screeching halt. Ill play this continuation just as I played the last one. SMART
Q3 loss will be bad impact for amazon. Last drop at july still not recover. And its worst operating loss.
Amazon loses $437M in Q3, $170M due to Fire Phone failure.
260 will be next destination for amazon bearish at fibonacci resistance
Last week, Chinese internet giant Alibaba Group Holding Ltd filed papers to be a public traded company. The IPO is expected to be the largest deal in history. The company is expected to fetch over $20 billion from investors. Alibaba is expected to go public sometime this month.
U.S. consumers are now going to be much more familiar with the Alibaba brand once this...
Amazon has been performing below investors expectations for the past few quarters and the investor sentiment is starting to turn sour as expectations are not being met in time. From a technical aspect the Descending Triangle is proving a trading opportunity with a INITIAL TARGET of $313.91, the Elliott Wave formation also supports this trend. UPWARD BREAK @...
We might see an attempt to fill the gap here after a poor ER, but in the next few months, we should continue to fall overall.
It appears we are on a corrective C wave down, and if A=C, then we could go as low as 245. Wave 4 also ends right in that area, but to be safe, my target range is between 250 and 270.
Good luck
Amazon was in down trend most part of the time this year but caught some buying after it broke up from $320-$340 consolidation with strong two days continuation to $359.32. Now, it holds nicely near highs. Buyers probably should not gave back more than 1/4-1/3 of this recent move if they want to see quick continuation. I expect to see bull flag and continuation...
Price broke out of the Ichimoku Cloud on the daily chart & cloud is turning green on the 16th adding to the bullish factor. I will most likely add another long position here.
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The effects of the Amazon Kindle Fire phone announcement on Amazon's share price. The phone was announced at approximately 1:30PM and news began coverage at about 2PM.
There are 2 really good trades that can play out here. A bearish Cypher (Blue) and a bullish crab (yellow). Currently, price action is in close range of the cypher. If price action can make it's way between $352. 40 at 1.27 extension and $362.18 at .786 retracement kill zone, there is a high probability chance for a reversal. If the cypher plays out and price...
This online retailer topped aorund $407 after huge move from low $40s and after series of dissapointing earnings reports entered into down channel.
Yesterday, it failed to hold above previous high of the day at $330.88 and closed near lows. By chance there is 200 EMA at $330 which Amazon broke down with conviction in the beginning of April first time since April...
Put in bottoming tails and then went through pivot high at $301.84 for additional gains and closed near highs. New point of reference is $304.58 above that i want to be a buyer till the next resistance at $311.5. Just quick trade here for another potential move up next day and a half.
Amazon still in correction mode (see previous related chart), below many MAs, kissing the lower bolinger band, and still within the narrow trend. Although on this way it covered 2 previous gaps that were unfilled, there are several resistance levels (blue lines) that it may bounce of. For now, lower lows, lower highs, and a possible Elliot wave action (either...
