AMZN in a Bullish Shark short term short here. Which will lead to a short term pop. Nice little $10+ move in both directions.
1. 50 fib 2. former res turned into support 3. trend line hold 4. Bullish RSI divergence 5. 200WMA and 200EMA
$285 is a key level for AMZN that held as support this week. The stock remains below its 50 day moving average and in a downtrend since its post-earnings high, both marking the $292 as important short-term resistance. Decision time likely arrives next week for AMZN.
amzn could fall back to 200d ma and long term trend line support before heading higher toward Dec.
Loses low of day I will be looking at 270-276 to play possible bounce. Any weakness or green to red could be nice short tomorrow. Or if fills gap down (which I think is unlikely here).
AMZN 2013-06-11 day Break out Trend Line and Throwback . If Price flip go up , It would be go further to target near upper edge of Yellow Area
With Breaking Channel we would wait the Weekly Candle Confirmation and get bulish position to 283 then 305 soon
Bullish ascending triangle base. Short the breakdown of trendline support (todays lows)
$AMZN great gap higher this week for amazon and a push to the top of this larger range around 272. Honestly I do not love trading amazon around these levels, there's just so much chop and volume put in here that I find makes it difficult to catch clean fast trades. Personally I always have more success with amazon when trading less size, trusting in bigger levels...
$AMZN I've really liked amazon in the sub 260s and my charts last week could have helped you get into this trade before or during the 260 break. I threw a set of fibs on here to show where we have come from off of the earnings breakdown and we are at an important level in fib land. The 61.8 retrace should make this 263 level even tougher to break through but I...
A GIANT head and shoulder formation. good short entry spot
$AMZN definitely some buyers down at these levels that aren't leaving this for dead. A nice $15 pop in the past two days off the lows. In my last update I said I needed to see more time to base before I was interested in the long side and we're getting just that. One more pullback perhaps to the low 250s would get me interested to the long side for some sort of...
$AMZN is hitting technical supports. Chart provides 3 reasons for a possible rally.
Eyes on the bttm line of flag and volume!! all IMHO
AMZN has had a fantastic rally the last few days; however, this raises the question: Will it last? Assuming we get above average volume tomorrow I believe it will. When looks at the DMI cross overs for the last 9 months one can see that 7/8 times they have properly signaled the trend, and given that we had a crossover yesterday I think the upswing should last at...