This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly...
Amazon's stock price fell almost 8% on July 30 after the company released its second-quarter earnings report. The company's revenue growth did not meet analysts' expectations, and the company reported a lower-than-expected earnings outlook for the third quarter.
Amazon's fall weighed on other e-commerce and cloud stocks, as the company is considered an indicator...
Pls look at this chart and see for yourself the monthly candle we are about to produce.
This month will be hard. Hard for everyone who is investing right now.
After new all thime high
to new all time high
Amazon.com is one of the first Internet services focused on the sale of real consumer goods, the world's largest company in terms of turnover selling goods and services over the Internet. The company is expanding into e-commerce markets around the world.
Such a "big brother" from “Big five“ , the development of which probably inspires all the Internet platforms....
AMZN Long-term BULLISH/LONG - We had a bounce from the 0.618 and a beautiful support from the 0.5 of the Fibonacci Retracement, next targets are the 0.618 of the Fibonacci Extension ($3543.28) and the 1 ($33800.37) GOOD LUCK AND HAPPY TRADING!
Amazon is buying MGM Studios for $8.45 billion, the companies announced Wednesday, marking Amazon’s most ambitious move yet into the entertainment business.
The deal is Amazon’s second-largest acquisition. It paid $13.7 billion for Whole Foods in 2017.
What do you think? Will this deal push AMAZON higher towards the 4,000$ mark?
Most likely will,
Amazon stock price at the triangle support break down below will send the price lower.
amazon stock price must hold above this zone for the next move here amazon chart looks fine here if hold above this lower trend line zone it can move higher and breakout above 3400 $ will send the price to higher level it can easily touch the 4000$ if maintain above the 3500$...
Amazon has been trading in a channel between (3090-3350) $ since November
Since the end of January, the price bounced off the support level of 3090$ and rushed up.
Having made a false breakout, the price rolled back and went up again!
At the moment, for the fourth day, the price is moving towards the level of 3050$.
After the breakout of this level,...
Amazon prints a fresh ATH and making HL , Trading within a Nice channel that has been respected since July 2020.....3 time we have rejected a breakout opportunity which was anticipated .
I see Amazon breaking ATH over the course of the coming months when earnings are announced 29 April ...approximately 77 days time .... Amazon has smashed the past 3 estimates...
The Triangle pattern is completed in the 4th wave and ended in the range of 3086.47. To get the confirmation for the uptrend, the price needs to cross the range of $ 3347.68.
This analysis will be violated, if the price crosses the $ 2950 range
From a purely technical chart perspective, I continue to see Amazon bullish.
A breakout means rapidly rising prices.
I wanted to hold the shares longer but out of my inner conviction that was no longer possible. There are enough alternatives for investments.
Therefore, I sold all Amazon shares from the depots last week, because I consider freedom of opinion...