Spinning top noted at support trendline of the channel down.
Bullish Harami that needs confirmation.
Price is just below the 50% mark of the trend up since the Covid low.
No recommendation.
Possible bounce.
AMZN Enjoyed a massive bull market for more than 20 years until April 2022 when this massive uptrend failed.
The uptrend ended and the bear market has been fully confirmed.
Now, how much lower can it go?
Mid-term (1-3 months) we are seeing the 72-68 range as the next and main support target.
By June/July next year (2023), it can go as low as 41, depending on...
Amazon could get a reversal to $110. However there is a possibility of it hitting $85 before it head upward. $85 could be a strong support area and a good area to load more.
Breaking down below $85 could signal the stock can head to $77. Tomorrow is CPI day and it could very well invalidate/validate this chart.
Target 1 - $105
Target 2 - $114
Target 3 - $126
Load...
The Dow Jones Industrial Average rose 183.56 points, or 0.55%, to close at 33,781.48; the S&P 500 gained 29.59 points, or 0.75%, to finish at 3,963.51; and the Nasdaq Composite added 123.45 points, or 1.13%, at 11,082.00.
Nine of the 11 major S&P 500 sectors rose, led by a 1.6% gain in technology stocks.
Most mega-cap technology and growth stocks gained. Apple...
Looking at the H4 chart, my overall bias for AMZN is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Look for a sell stop entry at 85.88, where the recent low is. Stop loss will be at 103.78, slightly above where the 23.6% Fibonacci line and recent high is. Take profit will be at 69.43, where the -27.2% Fibonacci...
Let's do a Harmonic Elliott Wave Analysis on AMZN. I see the correction on AMZN started on July 13th 2021 as a major wave (4) and developing as a triple zigzag (WXYXZ). So far, we have completed waves W, X, Y, and X.
Right now, we are in wave (IV) of c of Z, developing either as a flat (my preference for now) or a triangle.
What is a potential price for wave...
Om a monthly chart from Amazon's beginning to the present.
Amazon was in a sustained uptrend peaking in the summer of 2021.
Since then it has retraced down to the Fib 0.5 level. Price
was more than two standard deviations above the long term
anchored VWAP and is now downtrending into a value area.
The volume profile shows three high volume nodes and price
is...
note that this is the weekly chart , do not expect to go in profits this soon if you've bought it at higher prices .
stock market is going into a recession that will take a long time to end.
do not hold , just take profits when the time is right and exit .
Chart: AMZN daily forecast with ghost feed
Done talked about how great AMZN is, and this might be your last chance to catch a bottom like this.
Chart: AMZN 15 mins
From the AMZN 15 mins chart, you can see more details, $91ish is 15 mins resistance, but the market fail to break up yesterday. However, somewhere around $89 creates a 15 minute platform....
✅AMAZON will be retesting a support level soon
From where I am expecting a bullish reaction
With the price going up but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
LONG🚀
✅Like and subscribe to never miss a new idea!✅
Read the first part of this post at the link: How is the share price formed on the stock exchange? We do it
So at what price and what volume will the deal eventually be made? To understand this, let's go back to the "price" parameter of the order.
When a buyer placed an order "to buy 25 lots at $115 a share", the exchange takes it as "to buy 25 lots at a price...
AMAZON is falling down
But the stock is about to retest
The horizontal support from where
We are likely to see a rebound
Towards the target above
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
• AMZN lost our key support level, after failing in breaking the 21 ema in the daily chart;
• The volume is still low, a sign of weakness, and in theory, AMZN is seeking the next support at $85;
• Only a miraculous reaction, making it close above the $90.59 again (making this a false breakout), could frustrate this bearish sentiment;
• Either way, this is...
Hello,Traders!
AMAZON is falling down
But the stock is about to retest
The horizontal support from where
We are likely to see a rebound
Towards the target above
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
