AMZN has been in a long bullish trend since early 2010. Following the big central bank money printing in March 2020, prices have reached new ATHs but are now unable to continue since Sept 2020.
The upper monthly BB is now closing down and MACD has turn red which make me think that prices may have found long term top and consolidation could be going for the next...
hello Traders (Fr_ee Signal)
i see amzn stocks making reversal pattern from here the box is buying zone :)
risk2-3% of your capital. Remember professional trader always use 2-3% of its capital because market isnt in anyone control
stop loss also mentioned in the chart
enjoy the trade cheers
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...
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....
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
AMZN Long-term BULLISH/LONG - We had a bounce from the 0.618 and a beautiful support from the 0.5 of the Fibonacci Retracement, next targets are the 0.618 of the Fibonacci Extension ($3543.28) and the 1 ($33800.37) GOOD LUCK AND HAPPY TRADING!