AMZN (and all of FAANG) have been getting beat up but accumulation still looks strong for AMZN. This is definitely a quick swing trade as I don't believe in holding a company that has guided revenues down 2 quarters in a row...nothing egregious on RSI either. Notice how the larger head and shoulders are all each comprised of smaller H&S patterns that all...
Price closing below $1572.30 presents trouble for Amazon.
Analysis for the e-commerce giant, Amazon is presented on the 4 hour timeframe using a logarithmic scale. Over 13 months of price action is covered including the bullish trendline in Amazon since October 24, 2017.
Amazon has traded lower ever since it reached a price high of $2050.27 achieved on September...
Amazon made quite the bounce up the past weeks after the inverse H&S i posted a few weeks ago. The rally has been quite strong, so based on that, there is a chance this H&S might fail, but at the moment the neckline is already about to break. The target is the yellow zone if the neckline breaks.
Previous...
40% of the money spent online in the US goes through Amazon. Plus the Megalodon is giving us a buy on the technical side!
The Megalodon indicator uses an artificial intelligence, combined with data from over 500 buy setups, and over 2000 indicators to produce extremely accurate buy signals on any and all asset classes! Send me a message if you would like to...
Faang composite and my prediction for the next couple of years. White line is projected price action, which I believe will be controlled by Algo trading bots.
Hyperwaves are a subset of bubbles, there are MASSIVE bubbles.
When I saw this was made public I whined inside because it means then it stops working, but the wall street market cycle thing has been available for a while, and it still works PERFECTLY. PERFECTLY. It is as if the more information is made available, the more people fall for the same mistakes again...
With NVDA lowering guidance today and partially blaming a weakness in data centers, we see AMZN down 2% in sympathy. This is not surprising given that AWS is the most massive data center in the world. This price action perfectly forms the right shoulder of a H&S pattern on the hourly chart.
As illustrated above, this very classic pattern comes after AMZN failed...
Hello.
AMZN in process of H&S pattern as we can expect a plunge, Bezos divorce might just be a legal way to preserve the capital so there wouldn't be any claims that Bezos illegally using insider information would make this crash happen and profit on it. Any way, loooong way to go.
Just my 2 sats.
hey traders,
great signal to sell amazon following a clear violation of a neckline.
4hour candle closed below structure and now we can open short order.
Two targets are based purely on structure.
Stop above head.
good luck!
Amazon.com, Inc. offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company's products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It also manufactures and sells electronic devices. The Company, through its subsidiary, Whole Foods Market, Inc., offers healthy and organic food and staples across its stores. The Company also offers a range of products like whole trade bananas, organic avocados, organic large brown eggs, organic responsibly-farmed salmon and tilapia, organic baby kale and baby lettuce, animal-welfare-rated 85% lean ground beef, creamy and crunchy almond butter, organic gala and fuji apples, organic rotisserie chicken.
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NASDAQ:AMZN
