Amazon rejected Key trendline multiple times.
For price to move upside and break key trendline price should retest at $90-82 zone to make double bottom with Bullish divergence (RSI forming HL).
Amazon will require all office staff to work in-person at least three days a week, ending a policy that left remote work decisions up to team directors.
After this huge TrendLine rejection on the 4H chart, I am only looking for short.
We then have a good break of trendline with retest and forming a reversal cup pattern for more unwind.
On a fail of $95.0 level, we should see the price going lower to around $87.0 level.
This $87.0 level can be for me the level used for a trend shift for long, with as confirmation...
This is the third time price breaks Ichimoku clod, touch the downtrend line with the WTO at the high that follows a fall until the WTO is at the bottom. Part of the movement is gone but I think there is more path to follow. Stop at the trendline, target at 80.22
Price played out nicely according to my analysis last week. Price dropped and mitigated the bullish POI at 98.09, and is currently reacting to it. The target for this bullish retracement is potentially the fair value gap at 114.00 where price will fill and drop from.
Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
From a weekly perspective Amazon recently tested a quite obvious previous weekly support area from which we started a quite nice rally towards the upside.
Considering the fact that Amazon also broke above a key weekly downtrend-line, I think that we have some more overall...
Basing Candle with closing below the previous trend line which indicates - Short position.
However we need to wait & watch for the next candle for DBR or DBD.
Reasons to Go Short:
1. MACD cross over is awaiting.
2. Super trend indicates short
3. Candle closing below the previous break out line
4. Weak Demand zones
5. If 13-Feb closes below 97, then Drop based...
AMZN consolidating on the primary trend line and the wedge of the secondary trend line.
A break above the daily 100ma, at 99.75, I'll look to take it to 101.18, 103.63.
Between the 200ma, 100ma, and 50ma, AMZN has rejected the primary trend line and broke below a key level at 103.63 and closed below both the 200 and 100ma. The next Moving Average support...
Great Run for the retailer of the world.
The trensdline support at $85 is crucial.
most likley it will stay within the guard rails of the 25 years. Though the momentum indicators are very weak. Might be it will just laze around the current levels.
