This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Looking like a move to the downside
Waiting for a breakout before a position.
NASDAQ:AMZN From left to the right: Higher high at $847 and with a 5 waves correction it forges one major 1st wave of a potential deeper corrective structure at $710.10; From there, the price bounced into a consolidation period, not over yet, and we have 3 basic options here: - 1st. ABC correction is done (3 waves) and the price will break the symmetrical...
AMZN lost -16,83% from it`s all-time by 847.21 (2016/10/16) until 710.10 (2016/11/14) Meanwhile the 2nd main upside trend broked also - with a GAP! And this GAP is also the 1st target to get back on a bullish track. I am slightly optimistic, but i want a visual evidence - want to see the shares even to trade between 789.49 & 815.43. Buying before is also an...
Wait for a breakthrough @ 774.50 area @ the ema55
After getting rejected at the 100-day EMA, AMZN has shown bearishness in the current bull market. I am not a buyer unless it can close above 775, where we could see upside to around 794.83 (38.2 fib retracement line).
Neutral. We will trade it as it comes. Currently short, but we will adapt as conditions change. Stay tuned. Let's eat!
My analysis should explain it all. Stay tuned! Let's eat!
Chart should explain it all. Support turned to resistance, H4 and Daily MA dynamic resistance, double top, Gartley completion. Stay tuned! Let's eat!
We have a few names that I think are a good buy. I'm long for a couple days in some, but now seems even safer. A 2% position on each is a good idea. Good luck, Ivan Labrie.
I'd recommend watching that top red trend line very closely if you're planning to hold AMZN. If the share price rejects it, the price will drop fast. We saw a correction similar to this earlier in the year. The blue arrow notes the point at which I believe we are in this correction. I'd shoot for the 50% fibo or even the blue monthly support trend line if I...
It may be too late to jump in on this one, as the risk is about $20/share in option value if it turns against us.However, if you can stomach that kind of risk and have the capital, a .75 Delta ITM Put with 2-3 months of time value could win big. Today's slight rebound allows for an equivalent entry to the closing price from 11/10/2016. Trail your stop to the Red...
GREAT LONG-TERM TECHNICAL PICTURE, SOME RECENT WEAKNESS - Long term uptrend took us to historical high on October 6, 2016 - Gentle uptrend over the past 6 months with a breakout late Sept. - Some short term weakness since the top, but still in breakout mode SOLID, PRICEY FUNDAMENTALS - Continues to impress the investment community - 87.5% of consensus has a buy...