Amazonbuy
Amazon Is replacing The Amazon *LongAmazon prints a fresh ATH and making HL , Trading within a Nice channel that has been respected since July 2020.....3 time we have rejected a breakout opportunity which was anticipated .
I see Amazon breaking ATH over the course of the coming months when earnings are announced 29 April ...approximately 77 days time .... Amazon has smashed the past 3 estimates obviously due to the Virus and Lockdowns etc and i anticipate that Amazon does it again in the coming few months ....for entry i have Highlighted the orange box which should act as a strong support and a nice entry .
#Amazon - Bullish - But I sell all positionsFrom a purely technical chart perspective, I continue to see Amazon bullish.
A breakout means rapidly rising prices.
I wanted to hold the shares longer but out of my inner conviction that was no longer possible. There are enough alternatives for investments.
Therefore, I sold all Amazon shares from the depots last week, because I consider freedom of opinion and diversity of opinion to be the highest good. In the course of time, censorship has always led to further radicalization and even to war/civil war. This is what history teaches us.
The measures that Twitter, Google, Facebook and Amazon have therefore taken in recent weeks to suppress opinions, I consider as dangerous as the silence of the alleged "democratic" forces in the world. That many media/gazettes celebrate this, shows actually only whose spiritual child dwells in their owners mind.
With their market-dominating position, these companies must be broken up as quickly as possible. Not only from a monopolistic and competition law point of view, but above all because they can and already do massively restrict freedom of opinion and diversity of opinion.
Best regards from Hanover, Lower Saxony
Stefan Bode
Please also still like the publication of the similar idea attached below.
Amazon , bullishHello friends,
I want to give my opinion on Amazon.
This analysis is done in the long term, it does not guarantee or know what may happen in the very short term.
It is in a clear upward trend, since July 2020, a pattern known as a symmetrical triangle began to form.
What does this pattern consist of?
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle.
Symmetrical triangles differ from ascending triangles and descending triangles in that the upper and lower trendlines are both sloping towards a center point. In contrast, ascending triangles have a horizontal upper trendline, predicting a potential breakout higher, and descending triangles have a horizontal lower trendline, predicting a potential breakdown lower. Symmetrical triangles are also similar to pennants and flags in some ways, but pennants have upward sloping trendlines rather than converging trendlines.
In the graph itself, I indicate where the buying / selling zones would be.
Also as I think it will respect the pattern and break upwards, I also indicate where it would be an ideal point to take part of the profits.
AMZN RETRACE AFTER PRIMEDAYAMZN is retracing after Prime Day.
There is usually a sell off right after prime day.
I closed a position yesterday, a day earlier, at 10% profit and intend to buy the dip all the way down.
Watch the MACD to see how long the retracement will last.
Happy trading and hit like,
EV.
🚨 Amazon Is On HIGH ALERT!!! 🚨 (AMZN)🤔 The big daddy of e-commerce looks like it could be at a tipping point!
MASSIVE ascending wedge! We are now getting the compression at the tip of the iceberg.
This pattern can show signs of extreme exhaustion.
What you will want to do is play the breakout of the wedge, almost like how I showed on spx500 before the dump.
2515 is current support that MUST HOLD! Good opportunity to short if it breaks that level.
2683 is an opportunity for long if it broke the top of the pattern, would need to be parabolic movement to breach.
Best of luck to you! 🎲🎲🎲
🥇MLT | MAJOR LEAGUE TRADER
AMZN continue its equilibriumHello everybody, the AMAZON stock price seems entering in an equilibrium range since 14 April, after passing a good uptrend since 16 March.
In the actual conditions, the AMZN stock price will continue in its equilibrium, but could at any time break it :
- above which mean another increasing trend
- or below the rectangle which means a decreasing trend.
AMZN long setup and detailed explanation - 1:3 Risk-RewardAmazon daily chart shows higher lows and higher highs. I have decided to go long with a proper risk management. I'm going to risk ~2% of my account here.
AMZN LONG TRADE SETUP:
Entry: 1739.43 (or at the opening of 18th Nov)
SL: 1681.62 ($57.81 from entry)
1. TP: 1811.69 ($72.26 from entry - 1:1.25R)
2. TP: 1933.25 ($193.82 from entry - 1:3.35R)
Risk: ~2%
WARNING: Winning probability is lower than 45% (by the day of execution)
DESCRIPTION:
Say you have $10,000.00 in your account. How much would you risk per trade? My maximum risk appetite is 2%. In this case, I'm planning to risk $200.00. Let's calculate our position size:
IMPORTANT: If you are new to trading, you want to risk lower. Preferably lower than 1%.
Stop loss value = Entry - SL = 1739.43 - 1681.62 = 57.81
For short setups, you need to use absolute value. That's why we are getting absolute value of stop loss value. In this case, we will not need to use ABS, but let's make a habit of doing it.
Stop loss value = ABS(Stop loss value)
Position size = Risked amount / Stop loss value
Position size = 200 / 57.81 = 3.46
We can not buy 3.46 lots (3 or 4). If I buy 4 lots, my risk is going to be $231 (2.31%) and if I buy 3 lots my risk is $173.46 (1.73%). I'm okay with 2.31% as it's lower than 3%.
Note that as your account balance grows (or if you have a higher account balance), you want to risk lower to be consistently profitable. Losing $200 may not hurt you but if you have $100,000.00 you don't want to risk $2,000.00 per trade. Sooner or later, you are going to have consecutive losses.
Margin = Lot x Entry price = 4 x $1739.43 = $6957.72
After entering this trade, i will still have $3042.28 in my account balance. I have used only 70% of my account balance for this trade.
SUMMARIZE:
Risk = $231 = 2.31% of entire balance
Margin = $6957.72 = 69.57% of entire balance
Available balance = $3042.28
1. Target profit = $289.04
1. Target probability is lower than 45% (by the day of execution)
2. Target profit = $775.28
2. Target probability is lower than 40% (by the day of execution)
DISCLAIMER: I'm not a financial advisor. This article is shared for educational purposes only and should not considered financial or investment advice. Please do not follow my trades.
Please remember to follow me on TradingView
Trade safe,
Atilla Yurtseven