Shorting Amazon
Speculative short set-up on the 45-min time frame.
Enter the short position if the price break below the up-sloping support.
Stop loss at 106.59
Take profit at 102.59
As we see Amazon break through the cloud to the downside we should expect more downside to come into next week.. I would play this to the downside until, or if we break the horizontal line which is resistance to the upside. It is possible we test that line and then break down or we just see it keep breaking down from the price it is at now. The good thing is we...
Breaking the RED line and 100$ wall was a big short signal and now we heading to another big support level which is 80$
Wall Street equities were in the red on Monday with Nasdaq leading declines as investors worried the Federal Reserve's monetary policy tightening campaign could push the U.S. economy into a recession.
while Amazon workers will go on formal strike...
💥 AMAZON AMZN 4H-TIMEFRAME ANALYSIS
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Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
Just recently Amazon stock perfectly retested and also rejected a quite obvious previous weekly support zone which was turned very strong support again.
After this first initial bounce, Amazon stock then created a rejection of a long term downtrend-line and is once again...
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...
NASDAQ:AMZN
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While Amazon seems to be forming a falling wedge on the weekly timeframe, it can be expected to fall in the short-term…..
Daily timeframe seems to suggest a potential H&S pattern playing out.
Multiple gap-ups...
Great Run for the retailer of the world.
The trensdline support at $85 is crucial.
most likley it will stay within the guard rails of the 25 years. Though the momentum indicators are very weak. Might be it will just laze around the current levels.
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 to retest the 1.618 before moving higher.
Financial report didn’t not help the stock to break out. Time to short and see where the bottom might be.
Amazon Jumped to 103 dollar , and reached a strog resistance here .
so putting a short is a good idea but keeping the stop at 105.5 is better idea .
we must change the stop manually at the entry when moving down .
this is a trading idea for me and have a big risk
Amazon reached a support area where there will be a strong buyer
Entry is done by putting a stoploss as shown in the graph .
For further more wait for our updates .
From the current levels its very likely that we may see some buying pressure but this would be very only till the resistance zone most likely. And from there shorts will enter the trade to bring the price down. Watch out the trendline, wait for a breakout/reversal. Let the price first break 20 day MA to consider longs.
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