$Amazon The Big Picture: @bcn5280 As you can see after the pandemic we are trading between 2850s and 3550s. This a larger consolidation period than most stocks. Support at 2990 - 2850s. Resistance at 3450s - 3550s. Currently we are downtrending with the first bear flag. 2990s - 2850s price target. Last quarter we hit 2881.
From March 5th - June 15 - 18th. A...
Within the next two weeks there will be either a Bullish Gartley or Bullish Crab forming into June 15 - 18. It will bounce up from a strong support level at 2990 - 2880s. We should reach 3800s on earnings. For the long term, 4800s next year.
On the daily time chart. You can see the Stochastic are opposite of it.
The time chart shows a higher high as I drawn out with a white line. The Stochastic
shows a lower high bearish divergence going down. Also if Fibonacci D2 to D3
it breaks the 161% threshold. Amazon has more room to go down as it
did in the previous quarter. You can draw a bearish flag from...
This Bearish Shark started forming from May 18th to May 26th. Two weeks ago. There was resistance at $3312. Also resistance last week at $3270s. This week resistance at $3295. It started to taper off after hitting $3295. Institutions placed 3 million with Puts on QQQ. Amazon, along with Google is one of their major holdings.
Best regards, This is not financial...