Get started

AMZN

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
NASDAQ:AMZNLong
by GammaRayGoated
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.
NASDAQ:AMZNLong
by Tradersweekly
$NVDA railiyig with the market.$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, welcome to this free technical analysis . ( mostly momentum play ) I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities for day trades or scalp play. If you have any questions or suggestions which stock I should analyze, please leave a comment below. If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel. Thank you for stopping by and stay tune for more. My technical analysis is not to be regarded as investment advice. but for general informational proposes only.
NASDAQ:NVDALong
by CHRIS_B58
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.
NASDAQ:AMZN
by schlista
1