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
The current price is hovering around a crucial level, 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 a 28% uptrend Breaking the recent record at...
Amazon has taken liquidity to the upside, we at Capital Wisdom see a necessary pullback to lower levels. In our indicators NASDAQ:AMZN is HOLD , we have a big liquidity at $161.21, we have big selling pressure from the insiders, more than $ 8B in selling. Overall Company has healthy profit margins, considering the average of the sector Company has...
In a recent move, Jeff Bezos, the CEO of Amazon, has sold $2 billion worth of Amazon stock, raising questions about the company's future trajectory. Bezos sold 12 million shares this week, marking his first sale since 2021. Additionally, Amazon revealed that Bezos plans to sell up to 50 million shares over the next 12 months. This significant sale by Bezos,...
last time it bottomed out at this trend support was in June 2022, this pattern led to a rally from 101-146 (44.55%) we are currently seeing the same pattern play out over a year later.. there are no guarantees in this market but a rally from 126.5 to 182 (roughly 44 % gain) may follow if we bounce here.🎯 definitely something to keep an eye on, boost and follow...
Hello Traders, Skyboxpips here! We posted an analysis prior stating that AMAZON stock will be visting the $188 level. Amazon stock price attempted to do a bullish breakthrough of the 188 level but was met with resistance from the sell pressure.
Short term Elliott Wave view in Amazon (AMZN) suggests the rally from 10.26.2023 low is unfolding as a 5 waves impulse. Up from 10.26.2023 low, wave (1) ended at 155.63 and pullback in wave (2) ended at 144.05. The stock extended higher in wave (3) which is proposed complete at 189.99 as the 1 hour chart below shows. Wave (4) pullback is currently in progress as a...
Hello Traders, Skyboxpips here! We posted an analysis last week stating that Amazon stock will reach that $188 level. We are at that level awaiting a break and retest to the buy-side to carry forward the bullish trend momentum. That 188 level is acting as a small resistance level