The previous analysis on Amazon worked out great so lets try to catch another good trade soon.
On the lower time frame it looks like Amazon has formed a small inverse H&S, but from the looks of it the chances are big it will fail. Unless of course the US futures are in the green tomorrow and the price opens around the neckline again. If the green support zone...
Waiting for tomorrow open, sadly I probably will not be able to trade. I will try from my phone...
I think Amazon will bounce, I will update this idea after I look at what happened in the past and TA the market as a whole, and calculate target SL etc and figure out if the trade is worthwhile or not.
Amazon went from 5 bucks to 115 nonstop during the dotcom bubble. 2000%+ uninterrupted growth. It collapsed back down to 5 bucks during the crash.
Since recovering, Amazon has gone from 100 bucks to 2000 nonstop the past 8 years. 2000%+ uninterrupted growth.
Losing these weekly levels below would be baaaad. Could stop at any of those levels below but theres...
When I was younger, there was a saying "don't be a momo." It was essentially slang pejorative for don't be silly, dumb, stupid etc.
Over the recent sell-off, you've definitely not wanted to be a mo-mentum bag holder. Whether it's FB, AAPL, GOOGL, NFLX, it's all got smashed, and it's been a cause of concern. Q3-18 earnings from such household names have been good,...
Hi Guys, hope y'all doing good. Today I would talk about Amazon so let's move on.
Most traders do not doubt that Amazon suffered in the previous period and the current period of severe weakness and inability to take off the red dress and get out of the fall and wear the green dress again, but how to Amazon to suffer from the decline and be stable at the same...
QQQ in my indicator has reached my previous bounce level. Every time in the past, it has bounced at least 5%.
I expect QQQ and tech in general to have a dead cat bounce for about 5%. will reevaluate when we get there. Anyways, do not push shorts at this level, not a good risk/reward here.
Labeled some key levels of significance and used a fib retracement chart to estimate landing zones.
Prior mini-tops retraced to about the .5 fib level. The larger cycle correction could also obey this level but may drag lower to the .618 range, which is why I gave a range for where the price could land.
~1600 is a key level of significance, if it breaks we will...
Beautiful exponential rise for years. Blows off over the upper trendline.
Very similar to MSFT, CSCO, GE in the 90's.
Tech bubble 2.0 about to pop.
AAPL will be strongest thanks to its cash flow and cash level.
After the crash (over 50% for AMZN and GOOGL) the prices will likely recover similar to how CSCO and MSFT did but in 20 years AAPL, AMZN and GOOGL will...
Amazon stocks where retracing in last few days and weekly chart is forming a doji star.
Slow stochastic confirms a rebound to oversold line.
Good opportunity for buy.
There are two possible entries.
Conservative:
- Place a buy stop just few pips above doji star high;
- Stop loss at low of previous week;
- Take profit with a risk/reward ratio above...
What's up friends,
AMZN rallied today only to fall even lower than yesterday in after hours trading. Now here's the best part of my day: going over how I was right and made everyone monay!
No, but seriously, so this is the first post: We have since hit the target I have set, so I would go ahead and lock in some/all of your profit at this point.
Trade...
$AMZN short-term Elliott wave view suggests that a decline to $1685.99 low ended black wave ((W)). The internals of that decline unfolded as Elliott wave Flat structure. Up from there, a bounce to $1856.92 high ended black wave ((X)) as Elliott wave zigzag correction. Where blue wave (A) ended in lesser degree 5 waves at $1809.88 high. A pullback to $1734.23 low...
Amazon has a Double top pattern with bearish divergence at all time high, It did broke the neckline (1902$) and it's currently doing a retest of it, short entry values are $1869 and $1902, with stop loss at $1954 it will take 2 or 3 days, before it starts retracing sharply to its next support zone $1569/$1600 this should be Next week, will probably reach the...
AMZN is expected to fall further. In the exchange rate I expect a double-wave reduction. The bottom of the decline is the 1421 usd level environment. Turning from level to level, we are likely to see a slower growth of 10 months.
AMZN exchange rate correction. The exchange rate may be an ABC waveform correction. The support of the first wave structure (0A) can be provided by a parallel shaft of a wave axis. Then we expect a shorter rise. Correction wave structure (AB) is equal to the D1 ATR axis. From this level, the second major decreasing wave structure (BC) could be formed, supported by...
Hello all,
Quick AMZN update: it's going down.
Still nothing bullish here, the trade is looking like it's going to be a good one. Hopefully, you managed to get out when I said to. DON'T BUY THIS DIP!
-YoungShkreli
What's up good people,
This was the last update I made for AMZN: . Not much has changed. I am still very bearish on AMZN and with the US economy still heading lower I am becoming ever more confident in this trade.
Same as before though, I would either take a small profit from my entry or at a break of the ATH. AMZN is looking extremely weak though, so the...
Hi everyone! how you are guys doing? today I would love to talk with you about Amazon and share some "personal thoughts" about it, so let's get started with the past price movements;
In the period between Feb to Aug 2018, we can see in the chart that the price was moving upside supported by 80MA but since then 'Aug' the price made the highest high of all time...
