Amazon stock is moving in a short-term sideway trend. between 3552.25 and 2871 With a high volume. And tests the resistance level 3552.25 So you can sell stop loss 3623 target 2871
It was told by some analysts that a HS formation is building up for NDX and parallelly it can be more obvious on AMAZON chart. I expect such a formation in short term. I would like to hear your valuable thoughts. Thanks..
This is a trade idea for the amazon chart. I am seeing a possible short set up forming. during the beginning of the week amazon should trend up this week will end in a possible short. The analysis shows the entire idea. All of my setups are influenced by elliot wave. If you find my ideas helpful please follow
2873 current range supports as we develop a doji candle. Want to look to see if this is Distribution Look to play the breakout and confirm with the drop from overbought rsi and the ema dots to shoot red. Neutral.
I can tell that the AMAZON will go up again with a high probability, We must must wait for the next volume plus the VWAP breakout and then we can enter the market promptly, Regards,
Price is respecting the uptrend. (Buy) Price broke a previous resistance. (Buy) AMAZON must be kept in the Wallet ! (Buy)
💰 LET'S GET INTO SOME AMAZON ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ (Overall Market Sentiment) 🐻 Bearish - Amazon Is on high alert as the 1 hour finally starts to shift red on the ema dots indicator below. The candles are firing red with a drop below on the Crossover strategy. I think the bears are getting...
Hello Traders Normally i don't do stock trading but Elliot wave applies to everything. According to my wave count on AMAZON bullish trend is almost over. we are getting close or we already are on wave 5 then market will correct RSI, Stochastic and MACD are overbought and have bearish divergence.
🤔 Pre market right now showing 2675 which puts it almost near the top of the rising wedge. Amazon would have to go parabolic to break to the upside at this rate. Keep eyes glued and play the breakouts. All indicators still green on the daily. Best of luck, happy trading! 🥇MLT | MAJOR LEAGUE TRADER
🤔 The big daddy of e-commerce looks like it could be at a tipping point! MASSIVE ascending wedge! We are now getting the compression at the tip of the iceberg. This pattern can show signs of extreme exhaustion. What you will want to do is play the breakout of the wedge, almost like how I showed on spx500 before the dump. 2515 is current support that MUST HOLD!...
If stop loss is triggered the wait for 2600's to short again ,.. or look out for false breaks