In the ever-evolving landscape of social media, Elon Musk’s platform, X, faces a pivotal moment. Recent discussions reveal a potential collaboration with Amazon, a move that could reshape the platform’s advertising dynamics.
Meanwhile, as advertisers depart in the wake of controversies, X seeks strategic alliances to revamp its image and attract a new wave of...
And finally,
AMZN!
Price targets in the chart.
Unlikely to move to The third high target or third low target this week. Likely will see a continuation of consolidation and perhaps a move to PH1 and/or PL2.
Wait for a break of one of the conditions and hold.
Safe trades!
Price on NASDAQ:AMZN has created a base at this $144-$147 area which is also our neckline for our daily/weekly inverted Head and Shoulders.
All previous touches to this area (Left shoulder, head) have resulted in an immediate sell off showing this to be a strong resistance and previous support during 20'-22' covid era.
Bias: Long
Why: Consolidation on the...
hey guys its amir whats up?
so NASDAQ:AMZN first of all its not a secret that amazon its an absolute monster company, one of the strongest of them all. So lets analyze:
- Amazon just touched a support trendline since 2018 acts as support and got bounced (also daily time frame closed hammer candlestick, ill see later how I upload to this idea more updates in...
We're currently at a very strong support at 144. if we break out of the flag at 147 I believe we will see it break out of 148. if we don't break out of 148 after an initial push through 147 I can see it coming back to 146 area before another push up.
Amazon already breakout aswell, am seeing a good opportunity next year for long term investment in stock markets,I already enters this trades earlier with my students.
Descending trendline and downtrend breakout into uptrend. Price is starting to consolidate around 144.00, the previous HH candle close. Is price action offers a strong rejection weekly close at support prior to a strong HH, I'll buy. If not, I'll wait for a major correction, following the strong creation of a new HH.
Amazon will probably post a positive earning in their Q4 report which will be triggered by festive season spending. Jumping in early to ride the wave and manage the sell-off that might follow.
With the Fed expected to cut rates in 2024 moving forward, the stock will definitely push to ATHs.
NASDAQ:AMZN Analysis, Key Levels & Targets
Really fun run… I bought for earnings and this was, really, the only earnings play I did this year….
But now it’s time to look down. 126 Buy target
TPs in the chart as well as threshold.
Expected move is up based on probs and the inverse H&S formation on the weekly chart:
But let the PA speak for itself.
I expect it to go for 2 Standard deviations, which is in the mid-$ 180 range, but that is longer term, not this week.
Watch for a break in either direction. Outlook for Monday is bullish.
Safe trades!
Greetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want...
