Amazon has been in a sideways correction pattern for a long time. this chart shows it relative to Nasdaq. Historically this has been a very good point to go long.
Amazon is buying MGM Studios for $8.45 billion, the companies announced Wednesday, marking Amazon’s most ambitious move yet into the entertainment business. The deal is Amazon’s second-largest acquisition. It paid $13.7 billion for Whole Foods in 2017. What do you think? Will this deal push AMAZON higher towards the 4,000$ mark? Most likely will, the FXPROFESSOR
Near trend line resistance. This time momentum looks strong. Close above 3465 will give it a good base to move towards 4000 level. Must hold 3280 support.
AMZN daily chart shows it is setting up for a wave (5) rally that could reach 3800. Up to the daily time frame and above, AMZN remaining bullish against the wave (ii) support level at 2977 for now. We are interested in establishing long positions like a bullish vertical that expires in May 2021.
BETTER TO GON LONG ! IF THE PRICE BROKE SUPPORT & RETEST BETTER TO GO SHORT !
It will continue to return to the resistance areas in the charts Then it starts in a downward trend towards the targets
I predict with the best probability the future trends, my ideas are reserved for the experienced trader. #UniversTrader
The index will continue its downward trend towards To support 2885.20 Then move in an upward direction to the resistance 3095.30 Then, back to continue its downward trend towards support 2719.00
Amazon stock price at the triangle support break down below will send the price lower. amazon stock price must hold above this zone for the next move here amazon chart looks fine here if hold above this lower trend line zone it can move higher and breakout above 3400 $ will send the price to higher level it can easily touch the 4000$ if maintain above the 3500$...
Amazon prints a fresh ATH and making HL , Trading within a Nice channel that has been respected since July 2020.....3 time we have rejected a breakout opportunity which was anticipated . I see Amazon breaking ATH over the course of the coming months when earnings are announced 29 April ...approximately 77 days time .... Amazon has smashed the past 3 estimates...
Hello friends! Amazon has been trading in a channel between (3090-3350) $ since November Since the end of January, the price bounced off the support level of 3090$ and rushed up. Having made a false breakout, the price rolled back and went up again! At the moment, for the fourth day, the price is moving towards the level of 3050$. After the breakout of this level,...
The Idea is to go long - following the CONTINUATION PATTERN - SYMMETRICAL TRIANGLE UPTREND theory.
Will the company be better off without Jeff as it happened before with Google and Microsoft? We are yet to see. Meanwhile if it's the end of wave 4 "wedge" correction we might see the stock up to 4345. Decline below 3090 will make it less relevant.
AMZN Bullish triangle pattern complete targeting wave (5) upside that may reach 4056. The immediate rally should reach initial target of 3540 and then 4056. Look to establish bullish positions like a vertical on AMZN.
Target - green box Invalidation level - red line
From a purely technical chart perspective, I continue to see Amazon bullish. A breakout means rapidly rising prices. I wanted to hold the shares longer but out of my inner conviction that was no longer possible. There are enough alternatives for investments. Therefore, I sold all Amazon shares from the depots last week, because I consider freedom of opinion...