AMZN after the solid ride for the upside went to resistance and got smashed very hard. Resistance is too strong for now and likely for some time. There is BigRed plus a falling upper trend line from the pattern. It is in a falling wedge pattern which when it breaks out will be very bullish. Because of that hard rejection from resistance, it is a sell signal for...
amazon holder don't panic hold for 1 to 2 month old buyer dont exit ( wait for good news ) new investor ( wait for dip if brake this level ) so game is 80-20 % so amazon can take a more spot if they take a spot then you can more buy if Monday favour our technical you can see more profit
Just thought I would share one super simple way that you might be able to use the TradingView screener to look for companies that have been more significantly sold off than others and - IF - they do recover to their old previous highs which ones might have more upside potential to them. I am only using Market Cap to sort them initially in this example, but you...
Amazon has one of the most OMINOUS looking charts. Really looks like market could implode... SOON and BIG TIME. #fintwit #amzn $arkk #nasdaq #bitcoin #meta
Hello fundamental issue job cuts company stability underpaid My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. Like and subscribe and happy trading to all
Amazon shares has dropped 46% from its peak and the recent breakout from resistance turn support level at 101.57 was met with a bearish candle close last Friday. If this support level fails to hold the price, we can expect it to head further south towards 80.92 level. All eyes are now on Fed's chairman remarks this coming Wednesday and the basis cut in interest...
The cheap can always get cheaper, but the last couple of times Amazon has had a drop like this sending the RSI into lows we have ended up with a 20% or so bounce. Will be interesting to see if it happens again this time around or whether it continues its downward slide without the recovery rally. One to watch.
It's time to keep a close eye on FAANGT stocks to be ready to reposition once the rules I've outlined in my post “A trading system for rookies” are met. I also urge you to consider positions in the Greek Stock Exchange where there are now many reliable and safe shares that are in a mature phase of growth. Some of them are presented below. For more...
The Fibonacci channel is a technical analysis tool that is used to estimate support and resistance levels based on the Fibonacci numbers. It is a variation of the Fibonacci retracement tool, except with the channel the lines run diagonally rather than horizontally. Downtren CHannel.
If #Amazon goes down, so does #Bitcoin. Buckle up my #crypto friends!
AMZN has formed a bullish base a is finishing up its sign of strength, however, expect it to get hit post-earnings. Near-term bearish with target 97 by 2/15/2023 If it finds support there it will markup to 120s by April 2023.
We are in dangerous territory right now. Okay here's what's happening: 1. We just hit the 200-day moving average, so that gives us resistance at this moment. 2. We also hit the support line that has supported Amazon ever since Dec 2018, which broke down last October. Now it will act as a serious resistance level. 3. We are at an overbought RSI level on a...
Amazon is a company I frankly do not like anything about. I feel it's like the North American version of the Chinese Communist Party's Aliexpress and roughly exists to rely on a network of fake reviews to push junk made in the CCP's factories through North America for the purposes of letting the Party keep people employed so they don't rebel and to allow the...
Looking at the H4 chart, my overall bias for AMZN is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 98.68, where the 38.2% Fibonacci line is. Stop loss will be at 91.54, where the previous swing low is. Take profit will be at 121.31,where the previous swing high is. Any opinions,...
Price trading inside 3M resistance zone. However there are still 2 months to go to close the 3M candle. Therefore price can be a bit insensitive towards that resistance and continue to move higher. However, the weekly resistance above definitely going to pose challenge for the price. This also coincides with the downward trend line the price has been push against...
AMZN has been holding a massive falling wedge for quite some time, and with buyers finally starting to step in as AMZN approaches earnings, definitely will be keeping a close eye on this one. Bollinger bands are squeezing (Not Pictured), Bullish ABCD Elliot Wave, some bullish hidden divergence on the RSI, and a double bottom all pointing to a breakout. However, a...
Hi there, AMZN is getting ready for bullish run on. Watch price action on lower time frame and look for long. Good Luck
AMZN could begin to show relative strength against AAPL in 2023