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Amazonshort

😯 Amazon Ready To Put On Scuba Gear? (AMZN)💰 LET'S GET INTO SOME AMAZON ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ (Overall Market Sentiment) 🐻 Bearish - Amazon Is on high alert as the 1 hour finally starts to shift red on the ema dots indicator below. The candles are firing red with a drop below on the Crossover strategy. I think the bears are getting hungry!!!! Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤ Thanks for checking out our analysis! ✌😁✌ 🥇MLT | MAJOR LEAGUE TRADER
NASDAQ:AMZN
by UnknownUnicorn2319099
10
🚨 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
NASDAQ:AMZN
by UnknownUnicorn2319099
6
** Amazon Trend Analysis **Good Day Beautiful People, Here's a short time analysis for amazon. As you can see we have an important resistance at 2419.54$ which I think will soon be reached. An uptrend channel has been formed (you can see the channel better in shorter time frames) and is aiming towards the Resistance line. We have a break out of a triangle pattern too, so that increases the chance of breaking the resistance line. After all we have to be patient as always for the future price movements. I think if the price can break the resistance line (with conformation indeed) it can be a good buying point.
NASDAQ:AMZNShort
by Rosemanoso
AMZNLooking at Amazon on the monthly chart If you want to know what parabolic looks like, here is a great example. Internal indicators: * RSI heavily over bought and creating bearish divergence * W%R very over bought and embedded * Histogram has made a Lower Low that hasn't resolved itself yet and also creating bearish divergence * OBV is still up and healthy due to the amount of money being poured into this asset. * Many monthly gaps down in price that still are yet to be filled in * VPVR is extreme running on single ticks ie not a lot of volume was traded on the move up * Fib study done off the entire range My opinion: Just remember that the top still hasn't been put in yet, so this could still run higher. This is just a reminder that this asset is very over bought and people should be thinking twice about taking a long setups or investing in it long term. From the bottom of the range to the top AMZN has done approximately 18,000% (let that sink in) without a healthy retrace. We also have to take into consideration that AMZN has been in a range for 80% of its existence and has now been trending upwards for 20% of the time. (Investopedia) 80-20 Rule- The 80-20 rule says markets trend about 20% of the time and spends the other 80% grinding through trading ranges, pullbacks, and other counter-trend action that tests boundaries. Price rate of change rises in trends, attracting the trend trader and falls in trading ranges, attracting the swing trader. If you like what I do, drop a comment, tell me what you think and don't forget to like and subscribing. Thanks :) Also don't forget to "plan your trade and trade your plan"
NASDAQ:AMZNShort
by Cryptonite_trader
31