AMZN
BIDU - Look out Below.. Big Bearish Move DownToday we look at BIDU
We see a Huge Bearish Descending Triangle in which we have been in for the last 280 days or so.
We can observe this as illustrated with the lower highs while we are posting the same level lows
To add to the bearish sentiment we also formed a Bearish "Bear Flag" within the same price structure.
We just broke down from the bear flag and closed below.
Looking at price action and volume we find data to support a bigger move lower as well.
We are taking longer time buying then we are selling AND the price action bars buying are far weaker than those selling. Volume supports and agrees as well.
Going into Monday we are looking for some small corrections to start the week then ADD to our PUT OPTIONS as the market continues to sell off.
First Long Term Target: $95
Ideal Re-Entry: 153-157
SELL AMAZON TODAYGOOD EVENING,
1)we are below the VWAP .👌
2)bear divergence confirmed by STOCHASTIC .💪
3)protected by the last resistance. 💪
all these indicators say sell in a loud voice.
so sell and open your wallets.🤑
+IF IT BREAKS UP BUY AT 3439,00
+IF IT BREAKS DOWN SELL AT 3182,00
BUT TODAY SELL ANYWAY BECAUS THE VWAP IS A VERY STRONG RESISTANCE
GOOD LUCK.❤️
My HIGHEST CONVICTION trades of 2022 - Amazon and GoogleThis is the chart video for my Best of Us Investors production detailing why I put Amazon NASDAQ:AMZN and Google NASDAQ:GOOG as my highest conviction trades of 2022. The past tech stock splits of Apple NASDAQ:AAPL Tesla NASDAQ:TSLA and NVidia NASDAQ:NVDA inform my thesis going into these future splits.
Amazon to Retest Key Level Amazon
Short Term - We look to Buy at 3200 (stop at 3080)
Preferred trade is to buy on dips. 20 1day EMA is at 3161. The bias is still for higher levels and we look for any dips to be limited. Previous support located at 3200.
Our profit targets will be 3539 and 3751
Resistance: 3500 / 3700 / 4000
Support: 3200 / 3000 / 2700
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AMZN Potential For Bearish Reversal | 30th March 2022We see the potential for a bearish reversal from our sell entry level of 3420.58 in line with 127.2% Fibonacci extension towards our take profit level at 3328.72 in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection . Our bearish bias is supported by the stochastic indicator where price is at resistance level . Alternatively, price might continue to rise up to our stop loss level of 3480.02 in line with 138.2% Fibonacci extension.
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AMZN's on a Distribution zone & price may revisit the resistanceMarket Instrument: AMZN
Timeframe: DAILY
Analysis: Technical
Structure: Distribution Zone
Prediction: Neutral
AMZN is playing inside a distribution zone for some time recently. While the recent breakout to the downside has got faked out by a move back inside the support highlighted on the chart. For the moment the AMZN can revisit the resistance highlighted but until it shows a valid breakout off the resistance we cant assume it's a bull ride as theoretically the price should crush with a breakout on the support formed to the downside.
AMZN moon mission incomingThings are looking very bullish for Amazon and I'm planning to take profits quick and reload at support and resistance zones.
1.) 130 min 2up candle to Daily Bullish Randy Jackson Entry
If price breaks 3273.14 I plan to play calls up to 3281 and watch to see if we reject or continue to moon.
2.) Bullish Randy Jackson: If price breaks through 3282.37 then I'll look to ride it up to my PT Targets: 3298.69, 3305.61, 3312.86, 3321.04
3.) Outside Bar scenario: I can see price moving quickly at open to the Bullish RJ entry which is also the top of the current broadening wedge. If price reverses from there I plan to play it down to the 4H 2 down short area.
The key here will be to watch volume and price action. Take profits quick and reload on retests.
Support and Demand Areas:
Red Supply Area overhead between 3281 & 3290
Demand Zone Area between 3251 & 3241
bear flag on the weekly chart of 3x technology bear etfI'm super bullish on technology esp Apple, Microsoft, Google , FB, Amazon, Nvda all are heavyweights in the spy etf and sp500 index.. So i'm electing to short the 3x bear etf on technology.
There is a bear flag on the 3x bear etf weekly chart. The cup/handle trapped those that were bullish on this etf. However, look at the triangle and how price action is teetering on the trend lines
Amazon - Double bottom on the Nasdaq 100 index and AMZN too?Yesterday, Amazon broke above resistance at 3 276.69 USD. This is a particularly bullish development for the stock and it strengthens the case for uptrend revival. On 24th January 2022, AMZN marked a low of 2 707.04 USD. Then on 8th March 2022, AMZN saw another low of 2 671.45 USD. These two lows are resemblant to the double bottom formation which is a trend reversal pattern. Since the second low was formed, technical indicators have improved for Amazon. Indeed, on the daily time frame, they turned bullish. Currently, this time frame points to more upside for AMZN. Because of that, we would like to set a new price target for AMZN to 3 500 USD.
Illustration 1.01
The picture above shows the daily time frame of Amazon stock. It also shows two recent bullish breakouts.
Technical analysis - daily time frame
RSI is bullish. The same applies to Stochastic and MACD. Indeed, just recently, MACD performed a bullish crossover above 0 points; that is very bullish. DM+ and DM- point to bullish conditions in the market. However, ADX declines; that suggests that the prevailing trend is turning neutral. Overall, the daily time frame is bullish. Although, relatively weak ADX might translate to sideways moving price action in the short term.
Technical analysis - weekly time frame
RSI and Stochastic are bullish. MACD is due to perform crossover above 0 points. If it manages to do so, then it is going to bolster a bullish case for AMZN even more. DM+ and DM- are still bearish. ADX declines which suggests that the prior bearish trend is losing momentum. Overall, the weekly time frame is neutral.
Illustration 1.02
Double bottom resemblance can be found also on NQ1! (Nasdaq continuous futures).
Support and resistance
Please feel free to express your own ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering a trade.
$NVDA railiyig with the market.$NVDA has been trending up for the past few days rallying with the market along with most tech stocks.
volume also picks up compared from last year. with this much volume going on in $NVDA making more
volatile like TLSA. no exciting news so far, so base from the indicators and historical charts.
this stocks could push a bit more for 1 or 2 days before it reach its pivot point. unless some news comes out.
Day trade or scalp target play: 03/ 22 /22
Buy call above 271.68 sell at above 277.03
Buy puts below 262.83 sell at 256.03 or below
Hello everyone,
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AMZN just broke through a falling wedge (plus stock split)With AMZN pending 20-to-1 stock split this looks like a good bet right now. AMZN just broke through the top resistance of the falling wedge pattern. This is good short term and long term bet. Also if you like selling covered calls after the split AMZN will be a good stock for Covered Calls as it will be more affordable to buy in blocks of 100. If you buy 5 stocks today that will give you 100 after the split and you can sell a covered call. So buying in blocks of 5 is a good thing if you plan to sell covered calls.
$BIGC LONG SHARES$BIGC beaten battered and abuised with supply chain issues coming at them left and right. Finally a breathe of fresh air on the weekly chart as we look for a potential bottom here.
From a fundamental point a 1.5B eval is a nice spot long term for this name so I will be entering a large share position Monday with a super tight stop of $3 per share while we look for a $20+ upside. 7+ R trade <3