Well I was looking a financial report where it said. "Amazon Prime, Wells Fargo Team Up To Provide Discounted Student Loans". So though worth to check the amazon chart. Amazon already made the move of 80 Degree angle. And yeas there may be max 90 degree move if that is viable, and it may overthrow parallel channel which sometimes it happens. But a good stock to...
How to capture wave 4-5 using Elliot Wave+ Fib Retracements
So here is what I think it will happen to AMZN during the next days, I believe it will go up around 780.00 if it breaks through 756.61 and then it will go down to around 744.00. This is my first chart in stocks, and I usually trade on forex only. So if you think I'm wrong, please leave a comment to know why.
Amazon pullback before the earnings on July 29 are $731, $728 and $722. Would like to see it touch 728 before jumping back in for earnings. Expected to beat this earnings.
History repeats. Reds are uptrend lines. Mega phone broadening wedges. Note gap and divergences similarities.
Over the last 10+ yrs 3 amazing BULL rallies I think we are due for a 4TH....
Chart saying much more. I'm waiting a retrace before going higher and this is an opportunity that we all can take.
There are some gaps that can be used to your advantage. Arrow mark the zones to be exploited. Beware of earnings and market conditions.
An average of the FANG stocks tells an interesting story and serves nicely as a bellwether of market sentiment and investor's appetite for speculation. These stocks on average are trading very high price relative to forward earnings. Recent selling action suggest the market is beginning to doubt that these high flying stocks can live up to the expectations for...
Amazon is likely to fall between thursday-monday Offset timeframes and compare price action to see a spike is coming down below.
Since AMZN is expanding its services by adding video streaming, would it make sense to acquire NFLX?
Demand zone on the daily chart should give a great entry for a long term position in the retail juggernaut that is Amazon. Entry: $683.85 Stop Loss: $654 Target $740
Seeing a lot of lower supports being tested/broken around the market. Lower lows and lower highs all over. It's really difficult to determine where the market could be heading, but I think this chart is a good indicator on what we can see going forward.
Trading range 750-712.5-675. Must stay above midpoint 712.5 to continue run towards top end of range 750. Break below 712.5, bias towards 675 range support. Watch immediate trend line.
The monthly chart allows use to see the struggle that is truly presenting. Bulls are having a difficult time defending this price level and confirming 2012 resistance as support. We can also see that prices are trading above the long term trendline. A test of the "trendline" would violate the current 50% retracement and support additional distribution. This...
FB has been an exciting stock to trade. In April we saw signs of large profit taking confirming distribution into highs; however, bears were unable to break support. This allowed bulls to define prior resistance as support and suggest that bullish absorption of supply was present The large buying volume that made new highs but became a failed rally is...