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Amazonsignals

AMAZON Short-term target 3490Pattern: Channel Up on 1D. Signal: Buy as the price is on the 1D MA50. Target: 3490 (just below the Resistance 1). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView --------------------------------------------------------------------------------------------------------
NASDAQ:AMZNLong
by TradingShot
9
AMAZON Buy opportunity or collapse?AMZN has been one of the top high cap performers after the pandemic strike. The recent selling got many late buyers worried but on a quarterly basis it appears to be a strong buy opportunity. The pattern is a Channel Up on the log scale since March with the following indicators being is Support of a new rally: * The price is near the Higher Low trend-line * The MA20/MA50 are about to form a Death Cross. Last time that happened was on March 13 and that was done on the market bottom. * The RSI is printing a sequence similar to the bottoming sequence of early March. * The LMACD is close to forming a Bullish Cross. Last time those indicators aligned, Amazon made a new High on the 1.382 Fibonacci extension. Assuming the same pattern is followed, we are looking at a $3900 target. Are you a buyer?? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! Shout-out to TradingShot's top TradingView Coin donor this week ==> billstenzel
NASDAQ:AMZNLong
by TradingShot
15
S&P with and without AMAZON. What do you make of this?This chart comparison displays the S&P index with AMAZON (left) and without (right). The sole purpose is to highlight the big impact that AMZ has during the recent weekly rally after indices made a bottom. As you see with AMAZON, S&P has been rising continuously since the March 23 bottom while without the weight of the pandemic-proof stock (since its on-line nature is favored by the lockdown) it is currently exactly on the March 23. Food for thought on how bad the situation is on traditional companies. What do you think? ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
SP:SPX
by TradingShot
72