Amazon near-term ended the cycle from 07/31/18 low (1739.56) at the peak of 08/15/18 (1926.26) in black wave ((i)). The internal structure of black wave ((i)) unfolded as a 5 waves structure with an extended blue wave (iii). It ended blue wave (i) at 01/08/18 peak (1800), blue wave (ii) pullback at 02/08/18 at (1818.61) , blue wave (iii) at...
We are expecting Amazon to come down and test our very strong trend line that's ben touched 6 times before and bounced every time, then we are expecting a further bullish movement with some good news expected to be released.
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Let's have a look at the Amazon 1 hour chart.
Short-term Elliott wave analysis suggests that pullback to $1646.48 low ended blue wave (2). Above from there, the stock is rallying higher in blue wave (3). The internals of that extension higher is unfolding as Elliott wave impulse structure with sub-division of 5 waves.
Above from $1646.48 low, the...
In this Elliott Wave Analysis, we will have a look at Amazon.
Short-term it is suggesting that the cycle from 6/25/2018 low ($1646.31) is rallying higher in an impulse structure. This suggests that the internal sub-division of each leg higher is unfolding as 5 waves structure of lesser degree i.e black wave ((i)), ((iii)) & ((v)), whereas wave...
Waiting for a retest of the highs made in June which would also bring about another bounce on the drawn trendline.
If market is able to fall to these highs, my next set of buy orders will be triggered (green box).
I will begin closing down on my positions in Amazon however as we enter 2019 and move into 2020, or rather as the SPX approaches the 3000 region which...
Looking for a continuation on this bullish run. I do see possible retracements at key demand levels which also line up with important Fibonacci and support levels. Right now I'm long on this pair until market gives an indication to go other wise.
Amazon has a cool trend line where in between the open and the middle of the day, there is a SHARP boost of 1-3%, then it just sits there all day near the same gains, before repeating this everyday. Earnings and expansion are jolly good, but the VIX is still way up, and equity fears still linger. According to bloomberg, there is a high chance that the market...
I think Amazon will see some nice gains in the near future, maybe so highs even. When we broke that $982 support line earlier we saw rises in excess of $1050. If history repeats itself we could see this again and then some. This is my forecast of future price action, will be interesting to see how it plays out :)
Are you long on AMAZON? Maybe short (for some reason).
Either way- here is an ideal trade setup. All the levels are listed out on the chart for buyers and short sellers, and if we get the break (bearish play) with a confirmation on our MACD, I would consider entering short for the time being! Yes, shorting AMZN, would you believe it?
Or maybe our daily trend...
We are long on the Amazon.
Targeting the near term resistance on the AMZN, at the 963 area.
AMZN in the near term is technically positive. We recommend an opportunistic buy with an entry below 944.76 with a primary target at 963.23.
Amazon (AMZN) announced as a catalyst to the upside they'd be eliminating a non-profitable acquisition from 7 years ago. This gave the bulls a run due to the massive cash flows dumped back into acquiring and expansion of the company, and shows a shift in focus to producing hard earnings numbers down the road. This likely will drive price further up into the...
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...