Amazon just confirmed a bullish breakout on the identified minor resistance level created with the consolidation zone. Expecting a move back up towards the previous high created.
REASONS WHY !! The S&P 500 (SPX) has been a barometer of the U.S. economy and a benchmark for global equity markets. Here are some reasons why we believe it could reach the 5300 mark: Economic Recovery: The U.S. economy is showing signs of robust recovery from the pandemic-induced recession. This recovery is expected to drive corporate earnings growth, which is...
For Amazon, we're currently at a critical juncture with two potential scenarios: Scenario 1 - Uptrend: This scenario suggests that Amazon has completed a five-wave cycle, finishing Wave I in September 2020, and concluded the corrective phase (Wave II) by December 2022. If this is the case, we're now in Wave III, indicated by a five-wave impulse upwards,...
Couple points to consider 1) RSI 2) Bullish divergence as drawn 3) Price below BB (In general price tends to print inside Bollinger Bands, usually a move below/above them will almost immediately result in the opposite move) 4) 5 oscillators flashing bullish on 3D chart For me an easy 20-30% profit long trade. Too bad I can't be arsed to open a trading account on...
Nike’s stock looks bullish over the longer-term after breaking up from a falling channel pattern on the daily chart1. If Nike receives a bullish reaction to its earnings print and remains above the 50-day SMA, the eight-day EMA will cross above the 21-day EMA, which would be bullish1. Wells Fargo analyst Ike Boruchow added Nike to his top picks list, stating, "We...
REASONS WHY Economic Sentiment in Europe The economic sentiment in the European economy has shown signs of improvement1. This could potentially strengthen the Euro against the US Dollar. A positive economic sentiment often leads to increased investor confidence, which can drive up the value of the currency. 2. Interest Rate Decisions Both the Federal Reserve...
Bitcoin is currently in a bullish formation. A pattern known very well from the Amazon chart. Every day, twice as many bitcoins are purchased by ETFs as are mined, and in April it will be 4 times as much after halving and cutting the miners' reward by half. Additionally, currently only 10% of fund institutions from entire market provide BTC ETF services - What...
Pair : Amazon AMZN Description : Bullish Channel as an Corrective Pattern in Short Time Frame RSI - Divergence Break of Structure Rising Wedge in Long Time Frame CHoCH
Strong Fundamentals NIO has been consistently improving its fundamentals. The company’s vehicle deliveries have been growing quarter over quarter, demonstrating strong demand for its EVs. NIO’s battery-as-a-service (BaaS) model is also a game-changer, providing a competitive edge over other EV manufacturers. Innovative Partnerships NIO’s recent partnership with...
NVIDIA Corporation (NASDAQ: NVDA), a leading player in the technology sector, has been showing promising signs that could potentially drive its stock price to reach the $1000 mark. Here’s why: Strong Financial Performance NVIDIA’s financial performance has been impressive. In 2023, NVIDIA’s revenue was $60.92 billion, an increase of 125.85% compared to the...
In the race towards autonomous driving supremacy, Amazon's self-driving car unit, Zoox, is making significant strides to enhance its capabilities and expand its testing footprint. With plans to drive faster, farther, and even at night in Las Vegas, Zoox is positioning itself to compete with rivals like Waymo and General Motors' Cruise. These developments...
Hello Traders, welcome to today's analysis of Amazon. -------- Explanation of my video analysis: In 2020 Amazon created a beautiful triangle breakout which was followed by a +75% rally and then a -50% correction. After the correction was over, Amazon perfectly retested a confluence of support and reversed aggressively towards the upside. Considering that...
Pair : Amazon AMZN Description : Bullish Channel as an Corrective Pattern in Long Time Frame RSI - Divergence Break of Structure Bearish Channel in Short Time Frame and Rejection from Lower Trend Line Completed " 123 " Impulsive Waves
Amazon ready to print some dollars for the bulls NASDAQ:AMZN has crossed over and retested the $147 resistance turned support price. We are in an uptrend and have a strong bullish momentum. Position Set - 2 ITM contracts XETR:AMZ 3/4/2024 Call $145
The EUR/USD currency pair has been making waves recently, and it’s currently dancing around the 1.1150 mark. Here’s what you need to know: Recent Highs: The pair has been on a bullish streak, reaching its highest level since March 2022 after convincingly breaking above the 1.1100 mark. Bulls are flexing their muscles, and the euro is strutting its stuff against...
NIO’s stock has potential for growth in the coming years due to several factors: Analyst Predictions: The 8 analysts with 12-month price forecasts for NIO Inc. stock have an average target of 11.31, predicting an increase of 95.67% from the current stock price1. Earnings and Revenue Growth: NIO is forecasted to grow earnings and revenue by 55.5% and 22.4% per...
✅AMAZON is going up now But a strong resistance level is ahead at 188.09 Thus I am expecting a pullback And a move down towards the target at 167.44 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! AMAZON is trading in an Uptrend but is locally Oversold and as the Stock will soon retest A horizontal resistance of 188.31$ It is likely that we will see A local bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!