SHOP has been on a tear since the crash in December last year, currently up 160% in the last six months. It’s easy enough to cry ‘bubble’ at a glance, especially when zooming out reveals a jaw-dropping 1600%+ return in the last 3 ½ years. The stock is experiencing growth that surpasses even AMZN, and in most ways appears to exhibit the same exponential increase in...
If you take a look at volume profile, it looks like our support level recently became our new resistance. Price levels in longer chart shows divergence or high. Bears bout to cross on DMI. Volume are getting lower so maybe a new trend in making. We'll see. Happy trading.
Hi guys its Brian here with a long opportunity for Amazon AMZN.
Amazon was previously in a down trend but bounced off the previous resistance which became a strong support. The price is showing strong bullish momentum and possible profit targets could be 0.382 or 0.5 fib extension levels at 1923 or 2000 respectively.
Went long near $1660. Now at a nice 8% gain with leverage 5x. We are above the 0.5 fib.\u2028$1700-$1710 really is a bit of resistance. Having trouble to get over that ‘trend line’. With enough volume we could see $1750-$1770 next days
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D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 1.3% (HIGH) ~ -0.2% (LOW), 0.9% (CLOSE)
%AVG in case of rising: 1.6% (HIGH) ~ -0.4% (LOW), 1.2% (CLOSE)
%AVG in case of...
Amazon just showed a technical bull flag.
RSI and OBV confirm short-term bull trend.
I would wait to see how AMZN and the consumer discretionary sector (XLY) behave after the FOMC meeting on Wednesday June 19th 2019.
So amazon is coming down to retest weekly EMA support. If you notice the thundercloud indicator has been pretty good support for the last couple years when slanting up. Other than during the recent distribution where it got sliced. Currently it is slanted slightly up. Looking for possible support to go long some time in the next one to two weeks if we see price...
SPX500, XRPUSD, BA, BKNG, AMZN, TSLA CRM, AAPL, FB, NVDA, NFLX, SHOP, BABA, MU, SPY
ALL OF MY TRADE IDEAS ARE BASED ON PURE TECHNICAL ANALYSIS, AND SHOULD NOT BE TREATED AS FINANCIAL ADVICE. THESE ARE JUST IDEAS! PRICE ACTION CHANGES WITH A LOT OF DIFFERENT FACTORS. SO DO NOT INVEST SOLELY BASED ON MY ANALYSIS WITHOUT A PROPER RISK MANAGEMENT STRATEGY. ELSE, YOU...
In this obvious uptrend we've seen some consolidation and we're at support again.
What we can see is a very clear bullish candlestick at support that shows us the buyers are ready to step in again.
We're going to join them this expected impulsive move as shown on the chart.
Thanks for reading and have a great trade!