Alibaba got it's retrace to technical 61,8 fib level due to investigations from china's govt toward $baba for monopolistic behaviours. This company's fundamentals are just awesome. Just research for yourself, will be amazed. 22% against 5% of amazon in revenue. This company is just exploding and has still much more space on it's way to do that.
After the huge move up during the first months of the pandemic AMZN has been taking a breather for sometime now and consolidating within the pennant, which is a continuation pattern. RSI and MACD (not on the chart) have been pretty flat throughout this time, without big moves up or down, corroborating the consolidation. The Accm/Dist has stayed up throughout the...
I should have waited for the breakout however decided to enter on the new higher high to not to be late for the party, now it looks it bounced back from the upper side of the triangle maybe it is going to be ranging in there for a while, still waiting for the TK cross to happen to give us an other confirmation the kumo twist just occured which is positive for now,...
Today's impressive AMZN daily candle signals a breakout of a 4-month long triangle. Measuring the height of the triangle at its basis gives a target of $3886, that's 18% profit. Taking the stop loss a bit below the previous swing low at $3050 gives us a clean trade of 2:5 risk-reward ratio. The day hasn't closed yet but let's hope the green candle stays solid....
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 had been consolidating for a while now, bollinger bands are finally getting tight, meaning there will be a volatile move soon! Keep an eye out for the break out of this triangle pattern, a break above would take it to all time highs, a break below might head to 200 MA to retest and then go higher. Either way might not be a bad idea to add a little here,...
In the Q4 institutional buys were 124B compared with 7.69Bil sells.
On 10/30/2020 JPMorgan Chase & Co. Boosted Price the Target price from $4,050.00 to $4,100.00
The Pharmacy business will be a long term growth catalyst for Amazon.
Their cloud service is growing too.
The Holyday sales will most likely surpass the last year`s.
The indicators are still bearish, i...
AMAZON 1D-TIMEFRAME ANALYSIS✨
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This is my new idea for AMAZON
My idea is that the stock will go higher
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Notice big tech and the SMH is positively correlated with the exception of early September pullback in Semis. I’m considering the corrective (A), (B), (C) as complete with a remaining wave 5 rally in progress to stretch our existing bullish verticals into late Oct.