Amazon just crossed 200 EMA on 17th December 2019 and On the other hand Amazon announced to launch its services in Germany. So this Ecommerce Giant is growing more and more. So I am going Long on this stock.
I want to give my opinion on Amazon.
This analysis is done in the long term, it does not guarantee or know what may happen in the very short term.
It is in a clear upward trend, since July 2020, a pattern known as a symmetrical triangle began to form.
What does this pattern consist of?
A symmetrical triangle is a chart pattern characterized by...
AMAZON 1D-TIMEFRAME ANALYSIS✨
Hello ladies and gentlemen
This is my new idea for AMAZON
My idea is that the stock will go higher
I hope my idea is clear
Support me by like and share
AMZN is retracing after Prime Day.
There is usually a sell off right after prime day.
I closed a position yesterday, a day earlier, at 10% profit and intend to buy the dip all the way down.
Watch the MACD to see how long the retracement will last.
Happy trading and hit like,
and as I expect it went down to less than 2950
and now it created new resistance and support between 2921 and 3075 on the 15min chart and its going to rice up today or tomorrow be ready for it its going to be big
🤔 The big daddy of e-commerce looks like it could be at a tipping point!
MASSIVE ascending wedge! We are now getting the compression at the tip of the iceberg.
This pattern can show signs of extreme exhaustion.
What you will want to do is play the breakout of the wedge, almost like how I showed on spx500 before the dump.
2515 is current support that MUST HOLD!...
Hello everybody, the AMAZON stock price seems entering in an equilibrium range since 14 April, after passing a good uptrend since 16 March.
In the actual conditions, the AMZN stock price will continue in its equilibrium, but could at any time break it :
- above which mean another increasing trend
- or below the rectangle which means a decreasing trend.
Amazon daily chart shows higher lows and higher highs. I have decided to go long with a proper risk management. I'm going to risk ~2% of my account here.
AMZN LONG TRADE SETUP:
Entry: 1739.43 (or at the opening of 18th Nov)
SL: 1681.62 ($57.81 from entry)
1. TP: 1811.69 ($72.26 from entry - 1:1.25R)
2. TP: 1933.25 ($193.82 from entry - 1:3.35R)