I've been watching Amazon for a while now with the expectations of a return to its past levels of over $2000 and it seems the time for that may be just around the corner. Here I've displayed NASDAQ:AMZN completing a Gartley pattern on a weekly timeframe and have also referenced the RSI which seems to show that there is still a comfortable amount of room to run...
Hi guys its Brian here with a long opportunity for Amazon AMZN.
Amazon was previously in a down trend but bounced off the previous resistance which became a strong support. The price is showing strong bullish momentum and possible profit targets could be 0.382 or 0.5 fib extension levels at 1923 or 2000 respectively.
Since bottoming on December 24, 2018 low, Amazon (ticker: AMZN) has continued to recover. The sequence from December 2018 low remains incomplete with 100% extension coming at $2033 – $2143. In shorter cycle, we can see from the chart below that the pullback to $1818.90 ended wave 2. Wave 3 is in progress and subdivides as an impulse Elliott Wave structure. Up from...
We can see a sharp 15% rise in the of AMZN from the 8 to the 21 of march
Then we can see a little consolidation with a support at around 1747$
AMZN today just broke the upper trendline and I am now looking to long it around 1815$
Stop Loss is just slightly below the support line of the pennant at around 1740$
Profit Take would be the height of the flag + the...
1. Enter a long position under 1550, close out your position 1830-1885. Target will be reached at the end of the year.
2. Enter a short position above 1800, close out your position 1600-1650.
3. Enter a long position under 1680.
TECHNICAL ANALYSIS: AMAZON / POTENTIAL BREAK-DOWN!
I keep my charts as explicative as I possibly can.
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Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence...
Daily chart of AMZN. As we can see here the chart is still in bearish territory as we sit below (45) on the RSI with last weeks hidden bearish divergence seemingly playing out. We have our bearish continuation pattern of the October double top @ 2000 being respected and now confirmation of new resistance at the 1800 mark. We have clear rejection of the golden...
Amazon completed last month a decline of more than -30% unsettling investors. But is such a % loss in price that uncommon?
A more careful look into AMZN's price action (log scale) since 2009 and after the markets stabilized from the 2008 crisis, shows that the stock had pull backs of around -30% on another 4 occasions. Each time the stock grew by a minimum of...
Main idea on chart. The past AMZN trade is up 12% and my short trade is currently up over 4%. You can find both original ideas in the related section.
We can see this is probably not just a dip but a real trend change? If we do recover from this, keep in mind we are going to see a correction in the next few years.
Thanks for viewing!
We found on the private mentoring a reversal trend. It is called in hungarian fulescsesze, cupandhandle. We saw also on macd f12 s26 we can see the upper trend.
1645 was the amazon price to took a strike position with 60 euro on a binary platform. You can see the last 3 minutes on this video.
Amazon has been in a bearish pullback for a month now, starting at the beginning of October and now showing signs of bullish continuation
We don't need to explain why it's a great idea to buy into this stock, Amazon are great innovators and are backed by an even greater economy (Don't listen to the constant bears, they have been saying a crash will come every...
Some good long ranges and associated stop ranges. Green is decent, close stop. Purple is a alright but be prepared to take a bigger hit from the gap to its stop. Teal is the best, super close stop and solid upside.
In my previous analysis I talked about this drop with a short target about $1569. Right now we can see a bullish divergence on a daily time frame and a short term capitulation, which means the market will have a good bounce around + 12% bounce during this week, targets $1745 and $1820
Labeled some key levels of significance and used a fib retracement chart to estimate landing zones.
Prior mini-tops retraced to about the .5 fib level. The larger cycle correction could also obey this level but may drag lower to the .618 range, which is why I gave a range for where the price could land.
~1600 is a key level of significance, if it breaks we will...