= Technical analysis of AMZN on the 4-hour chart = The price is inside a downward channel in general = He built a wedge pattern = There are currently four purchasing targets available
$AMZN has been trending up after hitting is lowest of this year since the split and bouncing back up, taking advantage of the market rally. making AMZN a buy for some momentum traders. with the new economic data coming in this week. i expect the market to cool off its rally after its five day bullish streak. The average move of AMZN per day is about $2.00-3.00...
Following the same trend and momentum patterns of the SPY and QQQ ideas I posted earlier today. I see another consolidation phase after a sharp initial continuation of this incline. The stock split should help generate retail momentum additionally. Not trading advice.
Stocks seem to be broken by what tech traders call the uptrend triangle pattern
Amazon (AMZN) is currently painting a triangle possible continuation pattern with a pole that would bring the stock price to 5k.
AMZN has been moving sideways for monthssss! MMs are just banking on premiums, and as we have seen this week it was bought up very quickly when spy was falling, but was also lagging when spy was going up. I'm still extremely bullish on AMZN . And the reason is for a stock to get that much price upgrades, news, deals, revenue, holiday season sales and still not...
📈 NASDAQ:AMZN LONG H4 🛒BUY above = 3137.50 🎯Target1 = 3304.70 🎯Target2 = 3408.05 🎯Target3 = 3575.30 🛑Stop loss = 2866.85 🙈Recommended risk = (1%-2%) #AMZN #AMZNLONG #BUYAMZN
📈 NASDAQ:AMZN LONG H4 🛒BUY above = 3322.10 🎯Target1 = 3377.21 🎯Target2 = 3411.30 🎯Target3 = 3466.50 🛑Stop loss or cancel trade = 3232.70 🙈Risk = (2%-3%) #AMZN #AMZNLONG #BUYAMZN
Same Author- Different Account AMZN forming a lovely pennant pattern. Respecting upper and lower bounds of support and resistance. This goes higher. The UpTrend continues. NASDAQ:AMZN
Amazon showed strength today that it hasn't in quite some time. IMO it's the best overall company to have your money in. AWS, Prime...the list can go on. This strong reaction makes me excited to be an AMZN investor. Could be a bumpy ride with some of the macro events surrounding - but I think today marked the official launch back to ATH. Long hold with AMZN...
I usually don't try to predict things in this short of timeframe but AMZN price action today tells me it's ready. RSI should move closer to that 78-83 range and I'm hoping to see us pierce that $2,050 mark and make that new support going forward. Volume coming in at the end of the day was a great sign IMO. ER in 10 days, AMZN usually likes to move at this...