I'm short $AMZN from here, I had briefly ridden a daily down trend signal before, but now we have a massive monthly topping pattern kicking in. I think it is a good market hedge, and might be a great long term pair trade to short it against energy longs as the ultimate reopening/end of the stay at home bubble trade. Bezos leaving was the kiss of death, antitrust...
Amazon, the danger is coming, Before you short this action you need to make sure that the market crosses the blue line because the sharks want to shake you off, here is what to do IF the market breaks the blue line short this action IF it didn't you will have to wait because it may go up again. I want you to remember this advice or learn it by heart, professional...
Another great opportunity to DCA on AMZN in my opinion.
Weekly MAs catching up providing support, trading at long term fib levels, bullish diverfences on the daily. Looking at historical price action we can see the opportunity this presents.
Of course still downside risk!
** NOT TRADING OR FINANCIAL ADVICE **
Back on Jul 6, 2021 I posted this chart "AMZN I am Not Convinced Yet"
Fast forward and price has gone nowhere.
Now a 13-year channel has been broken. While I am not ready to call a short in this name
until it breaks previous sideways lows. The writing is on the wall. that it...
Short Term Elliott Wave view suggests decline from November 19, 2021 peak is unfolding as a 5 waves impulse Elliott Wave structure. Down from November 19 peak, wave 1 ended at 3303.90 and rally in wave 2 ended at 3458.86. The stock then extends lower in wave 3 towards 3126.09 with internal subdivision of an impulse in lesser degree as the 60 minutes chart below...
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Correction in the market usually has complex patterns!
I think from a price action point of view, there is a very good chance we see a bounce in the Tech sector in the next 2 weeks!
Option data analysis:(These data needs to be updated everyday)
Put/Call OI: 2.13 for the next month
Option wall: 370-400
Maximum pain: 385
Forecasts for Giant Tech companies, based...
In 2020, online commerce businesses thrived due to the pandemic and corresponding government lockdown orders. That was the momentum with which Amazon, one of the biggest players in the industry, began 2021. Nevertheless, the tech giant lagged the market last year, and some aspects probably contributed to Amazon's poor performance in 2021.
$AMZN Target 2845
Target 1 hit beautifully the other day and relief bounced off of it (3168) - now Target 2 - 2845 incoming. I wouldn’t be surprised to see 3000 as a psychological support, but I don’t see a whole lot holding it up…
Could go deep and it’s good to have your buy targets in mind…
I usually trade both ways, but lately I’ve been...
Amazone broke below its 50EMA in the weekly chart and the lower border of the wedge pattern!
I believe this pattern has the potential to cross below 3000 and retest 2880.
This is a weekly chart and may take several weeks to mature!
You can see the most important support(green line) and resistance (red line) levels.
I’m not a...
✅AMAZON has formed a bear flag pattern
However, before we see a breakout
The pair is more likely than not
To rebound from the support confluence
Which it is retesting right now
So I think that this is a good long
If you use low risk. I would prefer to play it
With the call options to avoid a high risk of
Gap down on...
By now if you've been reading my content you will know that PolkaDot and FaceBook Diem have some interoperability as Pontem Network is building a bridge b/w PolkaDot and FB Diem to allow interoperability between the two ventures.
Diem will be a stablecoin that allows one to interact digitally with USD, Euros, Yen, GBP, etc and also a composite digital coin...
Struggled all of 2021 to breakout and gave enough clues that there's not enough demand at these levels and too much supply
AMZN is below the 50d/200d moving averages and broke critical support yesterday after FOMC. Everyone's been waiting for a breakout higher (including myself) but the evidence strongly suggests the breakout will be to the downside from here
Amazon has been in consolidation, has created equal highs (double top) and now with a little push it can fall down to FCP zone while coming out of the consolidation zone. This may not even stop there but a bounce up can come from there.
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research...
This chart is for the long-term investors. Being on the 1M (monthly) time-frame, AMZN has been trading within a Triangle (Ascending) since September 2020. This neutral mega-phase, has had many investors questioning whether the overbought state of early 2020 has made the stock lose its bullish dynamics. This pattern comparison with the previous neutral phase puts...
Amazon stock has flirted with $3,454 many times during April 2021.
With spectacular earnings reported and AMZN stock well above $3,500, will resistance now turn into support?
Also, notice how RSI and MFI have completely diverged?
Relative Strength Index (RSI) shows the relationship between a security’s price and its percentage change from the previous period....