Our analysis @ stated in part, "Barring a meltdown in earnings or subscribers, FB will be bought at certain levels in expectation of reaching the 2nd target shown. The short also has its' targets and one has been reached on a shorter time frame at 58. On a shorter time frame, FB is reacting to a long that has its' target above ATH." The 2nd targets on both time...
Will this play out during earnings? Below 12 mths MA. A sell signal for passive investors. Attempt to close above 12 months MA failed in the last 6 months
Make or break time. Can earning support the Tech stocks?
20/50/100ma all tangled up in blue over there (Hey, that's a Bob Dylan song right there, haha) Very strong resistance hanging overhead colored in pink, going back to April. Caution advised, if the market turns, this could be a good short. Chinasky, out~
Previous 2 bounce reach around 76% of fibo. Check for support above 330 and higher high.
$AMZN broke over a few key resistance levels last week, re-entering the lower boundary of it's long-term upward channel (green line), but moving averages all rolling over and it still faces some very strong resistance at $335. If it can't break through that level with any kind of conviction, that's where I'm buying puts. Notice, too, the sad-face indicator at the...
I am watching AMZN for a potential day trade long. Waiting for my particular setup to validate, I have projected significant support between 315.12 and 319.90 area. This coincides with a 38.2% measurement of the broader price structure. Since my outlook is very short term, fundamentals are not something I consider for this type of trade. Since this trade has not...
Price broke out of the Ichimoku Cloud on the daily chart & cloud is turning green on the 16th adding to the bullish factor. I will most likely add another long position here. Follow me on StockTwits: stocktwits.com
$AMZN made a strong bull bar yesterday, but 337.20 - 340.30 is challenging resistant. Breaking this will fly the chart to north, but bearish reversal formation will dive the price to 310/05 area.
#AMZN is nicely resisted at 340/35 area. this is good for Bearish. EW formation also nicely build. $300 area is nice support. NASDAQ have bearish candle signal, DOW meet physiological resistant @ 17,000. a lot of reason to go Bearish now. Only breaking $340, I will go for short term bullish on AMZN
There are 2 really good trades that can play out here. A bearish Cypher (Blue) and a bullish crab (yellow). Currently, price action is in close range of the cypher. If price action can make it's way between $352. 40 at 1.27 extension and $362.18 at .786 retracement kill zone, there is a high probability chance for a reversal. If the cypher plays out and price...
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