Pattern: Channel Up on 1D. Signal: Buy as the price is on the 1D MA50. Target: 3490 (just below the Resistance 1). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via...
AMZN has been one of the top high cap performers after the pandemic strike. The recent selling got many late buyers worried but on a quarterly basis it appears to be a strong buy opportunity. The pattern is a Channel Up on the log scale since March with the following indicators being is Support of a new rally: * The price is near the Higher Low trend-line * The...
This chart comparison displays the S&P index with AMAZON (left) and without (right). The sole purpose is to highlight the big impact that AMZ has during the recent weekly rally after indices made a bottom. As you see with AMAZON, S&P has been rising continuously since the March 23 bottom while without the weight of the pandemic-proof stock (since its on-line...