Amazon time and price lining up pretty good here .....looking for a retrace to buy in on the dip
AMZN has been a monster! There is a major weekly FIB extension between $845 and $857. Shorting AMZN feels like david VS goliath!
I think we may fail here. I'm not saying catch the top but lighten up the long positions
~810 is the top of the channel, careful chasing here to new highs
This forecast is based on algorithmic analysis using Artificial Intelligence and big-data.
Rising 20 SMA now at 774
Amazon is completing a toppish ascending wedge on declining volume and momentum. The stock has completed a 5 impulsive Elliot waves count and reached some important long term Fibonacci targets. Minimum downside potential to the 23.6% retracement near the trendline linking the lows since 2014, around $600. A break below $755 would increase our confidence for more...
1.Fed will not raise the rate. Rockets up the price 2.Report will disappoint the market ,down 8~9 % on that day . In conclusion : Long then Short