Amazon seems to be forming a small head and shoulders, though it is not clean. But divergence is present. Best setup is to wait for price to approach the uptrend line again. Best risk-rewards to go long there. If the price breaks lower, setup could reverse to the short.
Target price for banks and funds ranges around $2000-$2400, so room to go up.
AMZN’s innovation outlook is trending up based on a current score of 98 out of 99, outperforming sector average. Jobs growth over the past year has decreased and insiders sentiment is negative. AMZN is an Underperformer in terms of sustainability. It is most exposed to Lenovo Group Limited as its supplier. Over the past 4 quarters AMZN beat earnings estimates 3...
After a double max the Amazon stock price can offer a Bear opportunity?
With 2 divergences (Macd, RSI) and the brake of the middle line of Band of Bollingers, the price can go on the Retracement of Fibonacci?
Let me know what do you think about this!
A year ago i published an idea of bubble phases projected on NFLX , it aged very well.
As an update i projected them again on Amazon this time. It looks that the whole tech market is at the denial stage of a new blowoff coming soon.
Just as GOOG and FB, the trend in AMZN is dead.
It's over for this growth stock for now.
Could see it decline to 1000 or even worse 765, where it would have very strong support in the form of high historical volume and probably a decade old upward trendline to resume it's mature growth trajectory.