The price is rising towards a multi-swing high resistance zone which also aligns with the 100% fib projection
I think a rejection from this level could lead the price fall towards the support level which is also a pullback support.
✅AMAZON is going up now
But a strong resistance level is ahead at 188.09
Thus I am expecting a pullback
And a move down towards the target at 167.44
SHORT🔥
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Hello,Traders!
AMAZON is trading in an
Uptrend but is locally
Oversold and as the
Stock will soon retest
A horizontal resistance of 188.31$
It is likely that we will see
A local bearish correction
Sell!
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A sure bet. 100%. Refinance your house. Sell your business. Put it all into AMZN and double yous money in a couple years as Amazon's economic moat continues to widen.
If it doesn't happen forget I said anything.
Title:
Amazon's Earnings Skyrocket: Long Opportunity Ahead
Overview:
Hello Traders,
Amazon's recent earnings report has sent its stock soaring, presenting a lucrative long opportunity for investors.
NASDAQ:AMZN
Key Points:
- Amazon's Forward P/E ratio stands at an impressive 43.5, indicating strong growth potential and market confidence.
- The...
This hugely influential company should have been on the Dow 10 years ago. Listing as a component of the Dow Jones Industrial Average usually occurs when a company is about to enter a Market Saturation to Market Decline Phase. However, such is not the case with $NASDAQ:AMZN. It's quite the opposite.
Its fairly new CEO, who was the CEO of AWS, the division of AMZN...
AMZN Share Price Hits 25-Month High After Inclusion in DJIA Index
As of February 26, Walgreens Boots Alliance (WBA) is no longer used in the calculation of the Dow Jones Industrial Average, replaced by Amazon (AMZN).
The planned index rebalancing was carried out because:
→ Walgreens shares currently have the lowest price among all companies included in the Dow...
I love the gap fill strategy. Its simple and proves to be effective! Here the idea is simple, we are looking to go short under $165 and targeting the shaded area on the chart to be filled.
Amazon's chart indicates that the region marked in red may function as a selling-oriented order block. If there is a 2-day closing above the red horizontal line, the next target could be 187.86, following the channel. In our buying zones, the horizontal line at the price of 161.73 may present a buying opportunity. 2-day closings below the green horizontal line may...
According to a new regulatory filing, Amazon founder Jeff Bezos sold more than 14 million shares over the past few days worth around $2.4 billion, completing his stock sale plan.
Bezos adopted a trading plan Nov. 8 to sell up to 50 million Amazon ( NASDAQ:AMZN ) shares — valued at more than $8 billion — during a period ending in January 2025.
He first sold 12...
I'm looking for a shorter term pullback, at least a 30% drop, in wave 1 of a final 5. Then the final wave moves should follow, over several years, to conclude at between the $300 & $560 price levels.
It is the end of a cycle; A more than a year long bullish wave.
Amazon (AMZN) did not reach a new All-Time High as many of the other top world companies did.
July 2021 at 188.65 will remain the peak.
AMZN produced a super-strong bearish signal in the form of a bearish engulfing pattern last week and this at the top of a major trend.
These signals are pointing...
Breakout ($175+) multiday swing long idea from this position around $168 - stop very close at $167. The flush on the 13th was the first signal and I'm now looking for the push to the upside over the course of the next few days.
AMZN on the 15 minute time frame is in a relative symmetrical triangle pattern. A volume
profile and intermediate term anchored VWAP are overlaid. They validate one another since
the POC line and the mean anchored VWAP line up. Price is below both of them. My forecast
is that price will rise and temporarily so sideways in the high volume and volatility...
