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...
Chart demands me to sell, so I sell. FXPROFESSOR
Symmetrical triangle influence. Looking to break on the upperside as amazon is being highly used worldwide. First target should be around 4000
Hello friends, I want to give my opinion on Amazon. This analysis is done in the long term, it does not guarantee or know what may happen in the very short term. It is in a clear upward trend, since July 2020, a pattern known as a symmetrical triangle began to form. What does this pattern consist of? A symmetrical triangle is a chart pattern characterized by...
Amazon had been consolidating for a while now, bollinger bands are finally getting tight, meaning there will be a volatile move soon! Keep an eye out for the break out of this triangle pattern, a break above would take it to all time highs, a break below might head to 200 MA to retest and then go higher. Either way might not be a bad idea to add a little here,...
We have technical figure Triangle in US company Amazon.com, Inc. (AMZN) at daily chart. Amazon is an American multinational technology company based in Seattle, Washington, which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is considered one of the Big Five companies in the U.S. information technology industry, along...
vwap breakage plus a spring effect on the vwap with a very large volume this means a buy signal
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Prime Day Prime day happens every year since 2015. This event allows AMZN prime members to access exclusive discounts for 2 days. This usually happens in July but due to COVID-19 it did not happen this year. Rumors are now circulating that Prime day will be announced soon, the general consensus is that it will be Oct 5-6 and no later than Oct 20. 15 days prior...
My buy zone and target for Amazon. Amazon is reaching an apex point, it should make a move soon. I think as long as the support trend line hold amazon should be a good buy. A break below the support trend line would invalidate this ascending triangle. (Not financial advice)
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)