My analysis for today is essentially the same as yesterday and really the entire week. The price has been consistently setting lower highs which screams bearish to me. The arrows I've left on the chart are from yesterday's analysis. I figured the price would either immediately drop or rally up to 9.4k and bounce off the resistance and fall down 9.3k. My timing was...
This is a bearish mid-term scenario for the next months. The overall trend is downwards. The Buy Zones are located at the most important levels. We will possibly meet our long-term trendline at 4500.00 and bounce from there. Leave a thumbs up if you like my idea and let me know what you think! This will keep me motivated :-) Disclaimer: Any opinions, chats,...
All Discussed in the Chart waiting for the Daily Closing and price action from here !
Amazon has been performing below investors expectations for the past few quarters and the investor sentiment is starting to turn sour as expectations are not being met in time. From a technical aspect the Descending Triangle is proving a trading opportunity with a INITIAL TARGET of $313.91, the Elliott Wave formation also supports this trend. UPWARD BREAK @...