Amazon is making a bearish reversal with the support of a bearish rising wedge, there is also a falling volume indication also showing the potential bearish move in the future, Bearish diversion is also there on the rsi index
price was jumped before the launch of Vision Pro, this might be a fake pump due to news of the launching a new gadget
AMZN is ready for a major drop. Friday it formed a bearish reversal candle shooting star. The last two trading day was on a lower volume than 20 days average volume which is bearish.
RSI has huge negative bearish divergences and is pointing to a drop.
MACD also formed bearish divergences.
Everything is pointing there is no more energy for the continuation of...
long Amazon AT : 83
TP1 : 104.80
TP2 :114
SL : CLOSE BELOW 76
NOTE : 🚨 Not financial advice 🚨
The content provided on this channel is not a manual for any financial activity.
It's only represents my personal market and financial view.
Once TP1 reached stop should be moved to BE .
falling cycle -14.9% more than 12 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the...
This chart shows a sideways parallel channel that can be drawn as a long term correction to the bull market of Amazon indicated by the diagonal channel. Mid lines sometimes act as significant lines of support and resistance so a reversal of the recent up trend would be logical at this point.
On the chart we can see a bullish trend, however Relative Strength index shows potential bearish divergence. We would enter a short position once the price reaches the upsloping line.
Stop loss: 127.52 USD
Target: 118.52 USD
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Please note that any trading...
NASDAQ:AMZN The first time #amazon 20 month moving average is crossing below the 50 month moving average. This is could be the beginning of a new down trend. Also in a bear flag.
For longer duration holding periods, taking profits in the $120 range seems appropriate. Buying as close to the yellow zone $85-$90 would be the most ideal.
AMZN has recently broken it's current downtrend channel as identified but has also broken above and found closure/support above the 50% retracement from the $180 ATHs that it saw back in Nov. 2021.
I haven't purchased my long-term opts on this yet to see if a reversal in the current market push due to NVDA and other AI-Based movements that are holding up the...
Traded and closed above AVWAP resistance at $121. Has pulled back to test support of AVWAP, check reaction off this level. Next target (white line) 200 week moving average and after that next AVWAP resistance around $135.
Positive momentum on the MACD and RSI
Much like the Nasdaq, Amazon stock is in for a rough few years. While the stock has only known the way up in recent years, shareholders must currently have strong nerves. It is possible that the 61.8 retracement at $72 can be defended, but the stock will probably fall at least until then. The ideal target, however, is at 55.80$.
Amazon Inc (AMZN) just completed a Bullish Cross on the 1D time-frame, the first in more than 3 years (February 04 2020)! That alone is the strongest long-term buy signal we could get. On the shorter term, now that the price is comfortably above the Bear Cycle Lower Highs, we will start targeting on every pull-back the upper Fibonacci levels, which match fairly...
Watch today's close with respect to 120.69-121.69 - region defined by the 61.8% retracement of the August decline / 100% ext if the 2023 rally.
Initial support now back at the median-line / 114. Bullish invalidation raised to 104.10.
A topside breach from here keeps the focus on the September 22' uncovered gap near ~126.28 and the upper parallel near ~130.
