Pair : Amazon AMZN
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame
RSI - Divergence
Break of Structure
Rising Wedge in Long Time Frame
CHoCH
Short Term Elliott Wave view in Amazon (AMZN) suggests that wave 4 is in progress as double three Elliott Wave structure. Rally to 180.14. Down from there, wave a ended at 176 and rally in wave b ended at 177.08. The stock then resumed lower in wave c towards 173.3 which completed wave (w) in higher degree. Up from there, wave (x) unfolded as a flat structure. Up...
MZN on a daily chart is in the continuation phase of a cup and handle patter which started In
August 2022. Of the Magnificent 7, it has performed better than the rest with the exception of
NVDA. The cup and handle pattern suggests continuation to the price level of $ 200 which is
similar to the all-time high with 5- 8% added for inflation ( July and...
In the race towards autonomous driving supremacy, Amazon's self-driving car unit, Zoox, is making significant strides to enhance its capabilities and expand its testing footprint. With plans to drive faster, farther, and even at night in Las Vegas, Zoox is positioning itself to compete with rivals like Waymo and General Motors' Cruise. These developments...
Hello Traders, welcome to today's analysis of Amazon.
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Explanation of my video analysis:
In 2020 Amazon created a beautiful triangle breakout which was followed by a +75% rally and then a -50% correction. After the correction was over, Amazon perfectly retested a confluence of support and reversed aggressively towards the upside. Considering that...
Pair : Amazon AMZN
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame
RSI - Divergence
Break of Structure
Bearish Channel in Short Time Frame and Rejection from Lower Trend Line
Completed " 123 " Impulsive Waves
Amazon ready to print some dollars for the bulls
NASDAQ:AMZN has crossed over and retested the $147 resistance turned support price.
We are in an uptrend and have a strong bullish momentum.
Position Set - 2 ITM contracts XETR:AMZ 3/4/2024 Call $145
In this chart we have observe a RISING WEDGE and we expectation it will go down after a certain level which is defined in the chart.
No Divergence Spotted
The price is rising towards a multi-swing high resistance zone which also aligns with the 100% fib projection
I think a rejection from this level could lead the price fall towards the support level which is also a pullback support.
✅AMAZON is going up now
But a strong resistance level is ahead at 188.09
Thus I am expecting a pullback
And a move down towards the target at 167.44
SHORT🔥
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Hello,Traders!
AMAZON is trading in an
Uptrend but is locally
Oversold and as the
Stock will soon retest
A horizontal resistance of 188.31$
It is likely that we will see
A local bearish correction
Sell!
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Check out other forecasts below too!
A sure bet. 100%. Refinance your house. Sell your business. Put it all into AMZN and double yous money in a couple years as Amazon's economic moat continues to widen.
If it doesn't happen forget I said anything.
Title:
Amazon's Earnings Skyrocket: Long Opportunity Ahead
Overview:
Hello Traders,
Amazon's recent earnings report has sent its stock soaring, presenting a lucrative long opportunity for investors.
NASDAQ:AMZN
Key Points:
- Amazon's Forward P/E ratio stands at an impressive 43.5, indicating strong growth potential and market confidence.
- The...
This hugely influential company should have been on the Dow 10 years ago. Listing as a component of the Dow Jones Industrial Average usually occurs when a company is about to enter a Market Saturation to Market Decline Phase. However, such is not the case with $NASDAQ:AMZN. It's quite the opposite.
Its fairly new CEO, who was the CEO of AWS, the division of AMZN...
