Upside Targets: * 180.85/182/183.6 Downside Targets: * 179.85/178.5/178 Daily Trend Tracker - *AMZN- Bullish *DXY - Bullish - *VIX - Bearish - *US10Y - Bearish
What Are Cyclical Stocks? Cyclical stocks are well known for ebbing and flowing with the rhythm of the economy. These stocks, a reflection of economic trends, demand a keen understanding of how various sectors react to changing economic conditions. This article delves into the world of cyclical stocks, offering insights into their nature, impact, and strategies...
upsidedown chart on amazon shows an HS with the right shoulder just retrced at 0.618 with extension on possible new all time hight
Last week's candle seemed like the Amazon ride might be over for good. This week bulls attempt a heroic reversal. Test on weekly 20 EMA/ mid Bollinger band and getting support there is kind of a big deal. However, there is a MACD bearish cross on the weekly, along with resistance right on the mid Bollinger band on the daily time frame (not on this chart, but it is...
Amazon (AMZN) has broken and closed below its 1D MA50 (blue trend-line) for the first time in 6 months (since October 27 2023). Last time this happened, the stock had already begun the 2nd Bearish Leg (-18.83% decline) of the 2-year Channel Up. As a result, there's a real possibility for the stock to reach as low as the 0.382 Fiboancci retracement level and the...
In Apr 22, had you waited 3 months for the gap to be filled up, your joy is short lived as it quickly plunge down more than 40% until Jan 23. In Oct 22, the same thing happened. You went long and it quickly fell 20% until Jan 23. Very few people would have known the bottom was in Jan 2023, all these are on hindsight and then you go :"Had I known, I would have...
After a nice move up amazon came to the resistance line. Where can we see support here?
Amazon looking bearish and forming a bear flag 🐻 🚩 After its breakdown ⤵️, now with the bear flag 🚩formation shorting it is a high probability winning strategy 🧭 Mapped out our price targets and predicted price movement 👇
Amazon's earnings are coming out today after the bell. With consumer spending on the decline and key supports at $171, $165, and $161 potentially filling the February 24th gap, the stock faces crucial thresholds. A positive earnings report could propel the stock upward to around $185.
✅AMAZON broke out of The rising narrowing wedge And the price is now going Up in a rebound to retest The broken levels above But I am locally bearish Biased and I will be Expecting a further Move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello Traders, Skyboxpips here! Amazon stock did a sell off from the $188 level last week to the $173 price level closing out the previous weekly candle bearish. Amazon is doing a retracement for the retest It feels satisfying when predictions play out.
Amazon is continuing the uptrend within the channel. It is in correction mode and which is required to continue the uptrend.
Amazon was trading Bearish for the whole of 2022 into January this year and now we finally turned Bullish on May 15 with a Break in Structure at $113. Our main focus was the Propulsion Block resting at $126 and at the same level we had a Search and Destroy Profile sweeping 143.98 (High) and 126.33 (Low) Our first target is $159 and we looking to make a re entry...
So its not just NASDAQ:MSFT who's in bearish crab reversal zone but also NASDAQ:AMZN
THE CURRENT PRICE IS HOVERING ARROUND A CRUCIAL LEVEL SHORT TERM PRICE TARGET $177.19 TO $171.81 Which will dictate its future direction based on market conditions. For Amazon stock, reaching its all-time high for the third time prompts speculation: will there be a pullback, or will it establish strong support around $177.19 (Support #1), potentially indicating...
Amazon has had an incredible run. It's moved from $118 to $188 since November 2023. But now it looks like the momentum is starting to slow down. We haven't got a confirmed signal but we see a slow down in buying and the market is at the bottom of the channel. There is still a gap to close and for the this reason, I'm anticipating a fall in Amazon in the next...
Shorter term rallies ending left and right, across a wide range of instruments and sectors. Liquidity vacuum.
AMZN got a perfect weekly topping candle, followed by a bearish engulfing candle (one more day to confirm) Watch for a dip below the 150 level. Im going to short it very soon, will post it live when I do