This study is intended to point out some very obvious similarities of Amazon's current trading action with that of the stock's Dot Com crisis period.
Our sole purpose is not to spread panic to a stock market that is currently strong and trading on All Time High territory but to keep investors on their toes and make potential buyers check and double check by...
A year ago i published an idea of bubble phases projected on NFLX , it aged very well.
As an update i projected them again on Amazon this time. It looks that the whole tech market is at the denial stage of a new blowoff coming soon.
AMZN reversed off its resistance at 1745.25 where it could potentially drop further to 1566.75.
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Losses can exceed the initial investment so please ensure you fully
understand the risks.
Going to start putting out charts with a more focused idea. It will provide more educational value to look at specific ideas rather than mapping out all the S/R levels.
On Amazon, we closed below the swing on a weekly. I am looking for a test of the support just below marked in yellow for a push up to fill shorts. The idea will look even better if we close a...
Hyperwaves are a subset of bubbles, there are MASSIVE bubbles.
When I saw this was made public I whined inside because it means then it stops working, but the wall street market cycle thing has been available for a while, and it still works PERFECTLY. PERFECTLY. It is as if the more information is made available, the more people fall for the same mistakes again...
Amazon ( AMZN) shows a bullish div on EFI, MACD-H. DMI shows +DI is ticking up slowly. Daily impulse is yellow (neutral).
This allows me to take the trade. I do see a kangaroo tail on the daily as well, with a good break of the back of the bear.
Looking at the 4H timeframe, I will try to enter around 1731. I clumsily was too late at and missed the 1725...
Amazon (AMZN) is currently forming a bear flag formation. Price has been consolidating along the 200 day moving average, with downward pressure from the 50 day moving average. Watch for a break below the 200 day moving average that I have colored in Red. If that happens, Amazon could return to the 1560-1620 support zone, as the measured move of the bear flag lands...
AMZN weekly close 1739.65. MACD about to cross the signal line. (and Positive divergence)
Resistance at the 200 SMA (and neckline). 1780.
Head and shoulders?
Long just up to the 200 moving average, or $40 USD
Hi traders / investors,
We are talking about the stocks market. There are patterns, noise and randomness of course. US stocks market has a bullish bias. However, past performance is not necessarily indicative of future results. We are talking about a game of probabilities and even 1% probability should be considered seriously. So let's have a look at AMZN chart...