Amazon - Short Term - We look to Sell at 3219 (stop at 3346) Preferred trade is to sell into rallies. Previous support, now becomes resistance at 3200.00. 20 1week EMA is at 3167. The 50% Fibonacci retracement is located at 3219 from 3762 to 2671. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the...
Buyers stepped out of this item at 3757 first on July last year then it retested the same price point on November 21, since it couldn't move above it then sellers took charge and now they are trying to push price below 2700. If 2700 gives way then it falls towards 2000 given that monthly RSI reading is at 49 implying that there's space to the downside.
Hi Everyone, After retest of the ancien support actual resistance. I get short on this trade. Market Structure: OK Price Below WMA 150: OK Price in the Bearish Channel: NOK Stop-Loss= 3063 Target= 2550
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I'm usually bullish, these are my first shorts but the market looks pretty bad, all looks like major retests before more dump. Look at the volume profile similar to March 2020, low volume breakout then trap buyers and dump hard.
first thing there is a huge volume and there is a powerful resistance and if it breaks this suport will continue going down Until the second resistance
Those cheeky accountants huh, who doesn't love them. Hahaha For real tho, this move will hurt them in the end even more IMO. That earning report is a joke, for real tho, read it. How do you justify that collapsing IPO (Rivian) carried this earning report? Scalling in all the way until 3760 hits - thats where I will most likely lose my mind But on the other hand...
Amazon - Short Term - We look to Sell at 3230.10 (stop at 3385.05) Preferred trade is to sell into rallies. Previous support, now becomes resistance at 3200.00. 50 1day EMA is at 3200. The 50% Fibonacci retracement is located at 324.59 from 3762.15 to 2708.83. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to...
This is the most obvious scam I've ever seen "earnings" yeah okay meta FB uses aws, amzn sells rivn bs NASDAQ:AMZN Maybe they should Ask Amazon how much they lose per year to fraud. short 3.2k+
So I did a technical analysis on NASDAQ:AMZN and here is my idea/point: Bearish: (not perfect) hammer candle followed by a bearish confirmation Stock in a clear downtrend Ema not showing any trend reversal sign or upwards correction ( no crossing movement) AMZN broke a strong support level Bullish: RSI showing a...
Amazon keeps making lower highs after rejections and still rushes to the upside, this shows bullishness. Right now is a tricky price better to wait for a clearer direction. GOOD LUCK!
AMAZON failed to break the key level of a long range which may lead to huge dip with all new investors that came last year. Old investors were distributing their stocks to new ones for a very good price. The short position is possible. The best buy opportunity is at or around trend line.
the 3 expectations are on the chart . but in my personnal opinion i think it will go down from now to reach 3200 at the end of the week because the volume give the biggest chance to the continuation of the down trend . anyway that's my personnal opinion. hope you like it.
Earlier this year, Amazon made the shocking statement that founder Jeff Bezos would step down as CEO starting in Q3 2021. According to Amazon's announcement, the post will be filled by Andy Jassy, who earlier managed the company's fast-growing cloud computing business. Given that Bezos will have to live up to his class, the pressure is on. Next week, when the...
AMAZON INC has formed on a Daily chart huge H&S pattern. Which makes bearish mood on the stock And the price is about to retest the neckline. IF we see a breakout of the neckline, analysts expecting bearish continuation.Towards the support line below. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By...
Hello my beauties. I see a distribution schematic travelling towards completion on amazon. If the prediction is right, the price will quickly move towards the bottom of the range, and give us a couple of LPSYs (last points of supply) before marking down. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a...
Having committed a weekly liquidity grab, AMAZON's price is likely destined to lower levels as indicated.
Liftime Amazon chart is one massive wedge. The breakout is currently failing with outlook looking poor pending this month's close.