Amazon appears to be stalling at the highs. As the sp500 moved higher big tech seems to be stalling out at the highs. This is usually a very good sign that a major market crash is down the line (this year).
Over the next few motnhs we are going to see huge swings/volatility in the market and amazon is going to lead the way imo.
I will be looking to short the...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
AMAZON is sitting around a daily resistance in blue so we will be looking for sell setups on lower timeframes.
on M30: AMAZON formed a double top pattern, but it is not ready to go yet.
Before we sell, we want the sellers to prove that they are strong enough to take...
AMAZON has been trading in a trading range for quite sometime with a resistance at and a support and can't seem to find a way to breakthrough
This trend will continue for the upcoming days unless a major events is announced .
Shorting this stock is recommended with a Target Price of 3100.
Hello,Traders!
AMAZON is trading in a massive range on 1D chart
And as you can see the price has hit the range resistance
Also, one might notice a double top pattern formed
Thus, I am bearish and I think we will see the price drop
To about 3180 which is the final target for that trade
Sell!
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We'll have to see if we can climb above the 3379.09 point for support.
If it falls, we need to make sure it is supported at 3294.62.
If it does not fall below the downtrend line, it is...
Looking at weekly close of AMZN it looks like ready to make move higher. Although the close of the week isn't super convincing, it does look bullish. Close above 3465 would confirm it's intend to make new highs soon.
The price of the stock is consolidating. A possible breakout is expected to happen. Possible profits are at the 3435 price range, or even go further to the 3500 range.
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Good Luck and Good Trades
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We need to see if we can break off the downtrend line and climb towards the 3548.97 point.
If it falls, we need to make sure it is supported at 3294.62.
The next volatility period is...
cup and handle on the daily, and heading towards the top of the range, possible long or short play depending on which way it moves and how volume comes in around 3040 ish. easily push it to the top of the resistance, or back then, and if it breaks the resistance at the top, it shall moon.
Near trend line resistance. This time momentum looks strong. Close above 3465 will give it a good base to move towards 4000 level. Must hold 3280 support.
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You should watch for any movement that deviates from the box section 3008.91-3294.62.
If the CCI line rises by more than 100 points on the CCI-RC indicator, volatility may...
