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.
Hit like & follow guys;)
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...
$AMZN has formed a bear flag and it looks like it's about to break down.
If we get the breakdown out of the flag, I think the next target to the downside will be to $65-$78.
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 - $93
Hello ladies and gentlemen, according to my chart analysis of AMAZON, there is a high probability of a decline towards the 83$ level in the next days !
This analysis I do out of doubt.
The charts show an INverse Cup and Handle.
The moving averages are all down 200 > 21 > 7MA
Target 1 seems to be $80.70.
CONCERNS:
The $100 support level is extremely strong and price doesn't seem to price below.
I would go short but knowing this is a medium to low probability trade.
Amazon was marked with a huge growth during the COVID period which makes us focus on the behaviour of the stock within the rectangle of that period. And we notice here that we have a support at 143 and within the rectangle we can notice the oscillation of the price. This also marks a curve format that leads us to the downtrend starting from April 2022.
So,...
Amazon - 30D expiry - We look to Sell at 124.94 (stop at 130.11)
A bearish Head and Shoulders is forming.
Selling continued from the 50% pullback level of 123.92.
Bespoke resistance is located at 125.00.
Resistance could prove difficult to breakdown.
Daily signals are bearish.
128.99 has been pivotal.
Our profit targets will be 113.22 and 109.22...
Last week I posted about a bearish wedge on $AMZN, Friday confirmed the break in the up trend. With many catalysts (headwinds) over the next couple days, this will be an interesting one to watch.
Positions: 105p Nov., 105p Dec.
