Today Amazon broken out of a important trend line. Im bearish on the stock due to the dominant down trending pattern. it also has created a ascending Triangle Pattern at level $94.79 being the top and bullish support developed at $92.29. Please share what do you think?
Major support levels Im watching for a bounce
NASDAQ:AMZN NASDAQ:AMZN...
Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
From a weekly perspective Amazon recently tested a quite obvious previous weekly support area from which we started a quite nice rally towards the upside.
Considering the fact that Amazon also broke above a key weekly downtrend-line, I think that we have some more overall...
Amazon is still working on its correction - well, we might have to drag the stock to the green target zone between $95.21 and $85.51 since it is currently moving sideways. Once the green wave is fulfilled within the target zone, the trend can turn back North and rise above the resistance line at $117.50. Our alternative scenario with a probability of 40%...
In my opinion shorting now there's more chance of winning.
They all saying it's a buy but remember always when they say it's a buy it goes opposite way.
Amazon - 30d expiry - We look to Buy a break of 105.11 (stop at 98.39)
We have a Gap open at 28/10/2022 from 110.96 to 97.91.
Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Prices have reacted from 81.43.
Short...
NASDAQ:AMZN
Bullish ABCD Harmonic Pattern on Amazon in current move, implying bullish move.
2 bullish candles formed recently may extend its rally towards 106 at 38.2% fib level.
Amazon has been beaten down hard this year and I think its time to start scaling in long. Multiple factors are coming into play here as we approach the white line. I plan to start a 1/4th of a total long term position at the white line. As the chart develops and amazon makes its moves, I will update this post as to where I am adding to this long position (if I add).
Not financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
If you haven`t sold Amazon`s slowest growth since 2001, with EPS far below analyst predictions:
Then you should know that a technical rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold.
In this case, the Relative Strength Index momentum indicator of AMZN is close to oversold level.
Even though i...
Amazon - 30d expiry - We look to Buy a break of 105.01 (stop at 100.26)
103.78 has been pivotal.
We are trading at oversold extremes.
Prices have reacted from 85.88.
In our opinion this stock is undervalued.
Previous support, now becomes resistance at 105.
A break of resistance at 105 should lead to a more aggressive move higher towards 115.
Our profit...
Hi,
I wake up early to go over my Trades!
Once the Stocks are closed and You need to move the Candles, it feels very different.
NOW see What Happened and How you can IMPROVE!
Just IMPROVE
AMZN remains bearish.
We expect the price to either have a small bounce and get rejected at the resistance or further price drop without the bounce next days.
The trend overall is bearish
Short entry: at the resistance as shown in the chart
Target: $84 - $93
Amazon - 30d expiry - We look to Buy at 103.11 (stop at 97.97)
101.26 has been pivotal.
101.43 has been pivotal.
We look to buy dips.
We look for a temporary move lower.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
Support is located at 102.00 and should stem dips to this area.
Our profit targets will...
Hello friends!
By hitting the monthly base and its reaction and the completion of wave 5 of wave y, we expect such a movement from this share. It seems that it can reach the price of $112 in 4 hours.
If you haven`t played the technical rebound here:
Then you should know that looking at the AMZN Amazon options chain, i would buy the $129 strike price Calls with
2022-11-25 expiration date for about
$2.83 premium.
Looking forward to read your opinion about it.
Amazon
Short Term
We look to Buy at 125.43 (stop at 118.42)
Preferred trade is to buy on dips. Short term bias is bullish. 50 1day MA is at 125.00. Further upside is expected although we prefer to set longs at our bespoke support levels at 125.00, resulting in improved risk/reward.
Our profit targets will be 144.72 and 157.53
Resistance: 146.00 / 170.00...
