Decent shooter on the 2D could signal a pull back on NASDAQ:AMZN , would be nice to see a reversal move up further North.
With Monthly OPEX for May behind us, see how it moves from here.
AMZN strong, but not the ultra strong move AAPL had so far on the year. Also giving it more potential before it reaches exhaustion risk like AAPL at current levels.
No...
AMZN has made a very Bearish signal by breaking out upwards during an already bullish trend. This creates an unsustainable climb requiring a course correction downward.
Once a trend has been defined up, if the stock breaks out of resistance line above, then it is very likely to fall.
In reverse, if the stock breaks below a doawnward trend, expect a bounce...
Uptrend
In my opinion, a new uptrend starts after breakout of a descending trend line and also passing a major pivot. Amazon has both conditions and I've started to buy it.
When price clears: 114.00
With daily volume greater than 158M
Target: 139.50 area
Depending on your risk tolerance: 105.50 gets you 3/1 Risk/Reward.
Resistance: 121 area & 136 area
This trade idea is not trade advice. This swing trade idea is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while...
For reference:
NASDAQ:AMZN Now at healthy 27% unrealized gain with possible expansion towards a next target of $130. Closing 15% of total position size as we can expect to see a small rejection at the $118 range as shown by the first arrow.
Not financial advice.
# NASDAQ:AMZN will see if this is a Fibonacci uptrend move or just an ABC correction.
so far it seems like is on the move to confirm wave 3. But time will tell.
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Thank you!
Amazon has been trading in a downward sloping channel for over a year now and yesterday the price closed above this channel trendline. However a drill down into the hourly chart shows some divergence on the RSI that I think could indicate that this might become a false breakout.
I'm yet to be convinced the rally is a trend shift.
Price playing out nicely as analyzed last week. Price has taken the highs at 114.00 and is currently mitigating the bearish POI. No changes from last week, I'm expecting price to fall from here if we get a confirmation on the lower timeframe.
Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Amazon stock is currently breaking above a major previous weekly structure area exactly at the $105 level which is now turned support.
You can also see that over the past months, Amazon has been creating a solid double bottom, weekly...
This market has recently picked up my attention not only because of that ascending triangle base, but also because of its context.
Firstly, let's not forget that this market has been trading below a downward sloping 10 EMA, since the beginning of 2022. Therefore, by default, the bias has been to look for a short opportunity, a set up agreeing with the major...
We have identified a potential base pattern on the Amazon share price that will complete on a close above 114, the reaction high that we saw in January.
A close above 114 would complete the base an offer a potential upside target of 147.
One to watch!
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to...
This chart shows Amazon stock to gold ratio. There is a clear head and shoulders pattern visible however currently there is a potential trend reversal triangle pattern emerging.
Just like AMD, NVDA is retracing back to the 50% level of it's most recent drop as well around $114.82. After announcing that they will be unleashing their own AI, I'm sure the reactions going to start picking up at some point behind that. Although AMZN is made of many other things.
But from an investment standpoint, I would be interested in going long as long...
another view of the live chart this time w/ the parallel channel and showing the rounding top w/ the wave count... currently short the C leg of the bullish cypher down to the D leg of the cypher pattern. Keeps price action in the channel for now, but ultimately I see a B leg retrace to 95
currently seeing a bullish cypher set up on amzn. however, im also looking to short the C leg to the D leg of the bullish cypher. Looking for previous resistances to be tested as support.
AMZN wants to retest the supply zone, and this is confirmed by the AD showing an Ascending Triangle pattern to $190, which Is spot on near the previous supply zone
