Hello Traders and Investors, today I will take a look at Amazon.
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Explanation of my video analysis:
In 2020 Amazon stock created massive resistance roughly at the $180 level and started a major correction away from the resistance in 2022. As we are speaking Amazon stock is once again retesting this major resistance level and is therefore at a quite...
Hello Traders, welcome to today's analysis of Amazon.
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Explanation of my video analysis:
With the quite obvious and expected channel breakout in 2016, we saw a rally of more than 500% towards the upside on Amazon. This pump was followed by a retracement back to a previous support level before we saw another bullish reversal. If Amazon breaks back...
Hi All, my main 3 take-outs from this analysis are the following:
1- Price is still moving inside the red falling wedge, finding static support in the lower red trendline
2- Strong divergence between MACD and prices, suggesting that the strenght of the sellers might have come to an end
3- In the next intraday sessions, it might be possible to see a further run...
Hi All, my main 3 take-outs from this analysis are the following:
1- RSI and MACD showing bullish divergence in the daily chart
2- Price action is moving inside a falling wedge and I would expect a rebounce from these price levels today or tomorrow the latest, in order to see a recovering and a possible breakout of the falling wedge at around mid-January
3-...
Hi All, my main 3 take-outs from this analysis are the following:
1- RSI in the weekly chart is in oversold territory with divergence vs prices
2- Price might re-test the historical trendline at around 100$, which is a 10-13% additional drop from current levels
3- Possible support at 100$ is also a psichological support level (rund number)
Not a financial...
Hi All, my main 3 take-outs from this analysis are the following:
1- The hourly chart shows RSI in oversold territory with high chances of a rebounce
2- Price might be retesting the resistence at arund 4.60$ in the next days
3- Still valid the possibility of an upward breakout of the descending wedge shown in the daily chart
Not a financial advice, just...
Hi All, my main 3 take-outs from this analysis are the following:
1- On June 8th 21 price broke the descending wedge resistence (daily chart) with huge volumes. Target for that move is 19.5$. Let's not forget about this
2- Price between 21 and 50 MA, going to probably test the 6.3$ static resistence
3- Bullish divergence between prices and RSI in the weekly...
Video breakdown on $JMIA going into 4/7 Up over 4% today with a nice bullflag into the 1hr 9ma. Should see at least $41 tomorrow if the market trends up.
Alibaba (BABA) has plunged 34% since Oct 2020 with lots of negative news going on. Is BABA hitting the bottom yet or further distribution to come?
The negative news ranged from suspend of ANT's IPO, investigation over monopolistic behavior, Jack Ma's missing, executive order to ban Alipay and plan to ban Americans from investing BABA, etc…All these bad news are...
After much skepticism $JMIA has found it sell one of the hotter stocks on social networks ( they have sites for that). $JMIA is compared to $AMZN as the African version. Taking a deeper look, the company has potential but suffers from potential infrastructure problems as it expands across Africa.But they have big goals and seem to be taking the steps to meet...
