If Amazon drop to 75$, it will be very low risk opportunity to Buy.
Amazon.com, Inc. is an American multinational technology company focusing on e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence.
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Amazon stock just recently retested and already rejected a quite strong previous weekly support zone at the $85 area which was turned strong support once again. You can also see that from a weekly perspective we do have the possibility...
Amazon has made a slightly bullish flag. Watch closely and look for best retest levels for entry
AMAZON sitting on support level and replenishing from demand zone will likely continue its upward trajectory. Exit at 2nd supply zone.
Today Amazon broken out of a important trend line. Im bearish on the stock due to the dominant down trending pattern. it also has created a ascending Triangle Pattern at level $94.79 being the top and bullish support developed at $92.29. Please share what do you think? Major support levels Im watching for a bounce NASDAQ:AMZN NASDAQ:AMZN...
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...
Amazon is still working on its correction - well, we might have to drag the stock to the green target zone between $95.21 and $85.51 since it is currently moving sideways. Once the green wave is fulfilled within the target zone, the trend can turn back North and rise above the resistance line at $117.50. Our alternative scenario with a probability of 40%...
In my opinion shorting now there's more chance of winning. They all saying it's a buy but remember always when they say it's a buy it goes opposite way.
Amazon - 30d expiry - We look to Buy a break of 105.11 (stop at 98.39) We have a Gap open at 28/10/2022 from 110.96 to 97.91. Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. Prices have reacted from 81.43. Short...
NASDAQ:AMZN Bullish ABCD Harmonic Pattern on Amazon in current move, implying bullish move. 2 bullish candles formed recently may extend its rally towards 106 at 38.2% fib level.
I am bullish on AMZN. My trade levels: Entry price: $95.51 Take profit: $109.31 Stop loss: $90.55 Risk/reward: 2.78
Amazon has been beaten down hard this year and I think its time to start scaling in long. Multiple factors are coming into play here as we approach the white line. I plan to start a 1/4th of a total long term position at the white line. As the chart develops and amazon makes its moves, I will update this post as to where I am adding to this long position (if I add).
Not financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
If you haven`t sold Amazon`s slowest growth since 2001, with EPS far below analyst predictions: Then you should know that a technical rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold. In this case, the Relative Strength Index momentum indicator of AMZN is close to oversold level. Even though i...
Amazon - 30d expiry - We look to Buy a break of 105.01 (stop at 100.26) 103.78 has been pivotal. We are trading at oversold extremes. Prices have reacted from 85.88. In our opinion this stock is undervalued. Previous support, now becomes resistance at 105. A break of resistance at 105 should lead to a more aggressive move higher towards 115. Our profit...
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AMZN remains bearish. We expect the price to either have a small bounce and get rejected at the resistance or further price drop without the bounce next days. The trend overall is bearish Short entry: at the resistance as shown in the chart Target: $84 - $93