Hello everyone, as we all know the market action discounts everything :)
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The Amazon stock has dropped since the start of August where we see the price in July was trading near 3604.80 then it dropped to 3329.99 almost an 8% drop and the market...
$AMZN is playing catch-up with the other tech stocks as its rebound has been weaker. For today, it will be on our radar if it manages to get above 3419 and start to fill the gap. We have a target of at least 30 points to the upside if the market conditions allow it.
it's a monthly chart of AMAZON, as you see , the third wave of elliott hasn't ended yet .
our target is 8300 $ , exactly on 161.80% Fibonacci.
after reaching the target , we will witness a correction as the 4th elliott wave , and then the 5th wave.
so in my opinion , keep your AMAZON stocks , till the target reach.
it's a long-term target , will take a at...
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly...
#AMZN bullish signal
Entry price: 3320-3350$
Target price: 3500-3540$
RSI: approaching 30 which is oversold territory
Keltner Channel: the price at the lower boundary of the channel
Candle pattern: bullish hammer
Conclusion: Candle pattern, RSI and Keltner Channel suggest a pullback to the upside. Long position is recommended on the lower band...
August 13, 2021
Amazon is undeniably massive company. a favorite of fund managers to be always in their portfolio.
Looking at the current chart, both investor and trader can benefit from it.
For traders, at the current price, it is near 200ema which is an area of value to consider. a 14.29%
discount from 3,774.81 price. A Stop Loss at 2,920 is 1.5ATR away...
Amazon saw a sharp sell-off last week after its earnings report. Despite AWS and its ads business seeing incredible growth, the growth in their e-commerce core business seems to be slowing down. For this reason, the stock fell more than 8% on Friday. This is very surprising to me as I expected the market to have priced in this scenario. After all, as the economy...
Amazon.com is one of the first Internet services focused on the sale of real consumer goods, the world's largest company in terms of turnover selling goods and services over the Internet. The company is expanding into e-commerce markets around the world.
Such a "big brother" from “Big five“ , the development of which probably inspires all the Internet platforms....
EMA3, EMA8 was above all moving average up till yesterday -
which is a big big signal after the convergence of the MAs EMAs.
I think it's time I start adding - that this is not financial advice, I am just sharing my ideas or trades!
As you can see in the chart, the stock is trading in an uptrend, now it is making a correction, but it will go high again soon.
You can buy in the yellow area, your SL is 1 day closed candle under the trend
My personal views on potential entry points for AMZN LONG.
See some short term pull back potential for nice entries, overall bullish long-term.
Looking to add to my personal positions as per the analysis.
** Not trading advice! **