Volume profile concentrated at that area along with tons of OI for Jan monthly. Weekly 405 seems largest.
Major trendline in AMZN is about to be broken. First support is 388, then 379.
AMZN last minute debacle on December 24th should move the stock lower.
Since the beggining of September we have seen how AMZN has gone kinda parabolic, what I wanted to show here is the multiple bull flag patterns that we have on the weekly chart. If the trend continues this could see 420-430
Just saw the crawler about the name going into the pantry business. I like the idea and understand this important outreach worldwide. What is needed, however, is a really good menu guide with food preparation videos. Just thinking outloud about it. Talk to everyone soon, Sincerely, Beauty
Price is trapped between 2 pivot points and bouncing in range $379.50 - $390.
Waiting for price to bounce before long. Still ranging between two pivot points.
Point D was surpassed by far. And so were the Donchian Channel' s and the pitchfork's boarder. We got a falling RSI divergence. So I am afraid Amazon will not hold in the sky and fall back until point D.
This uptrend started in May and has held since.The 50 SMA is serving as support for the price. I believe the stock will return to the support line soon because these last three days the stock has gone up with lowering volume. The parabolic SAR also indicates that the stock is overbought. I would enter this stock at the support trendline. This stock looks...
$AMZN is taking it on the chin today. The stock is trading at $311.20, -7.84 (-2.46%). This is the first day in the last month that the stock is showing relative weakness, compared to the stock market. This is a significant turn and one that should be monitored. Based on the wide range bar on good volume today, and its weaker showing, I expect the Amazon.com to...