AMZN....4H= Technical analysis of AMZN on the 4-hour chart
= The price is inside a downward channel in general
= He built a wedge pattern
= There are currently four purchasing targets available
Amznbull
$AMZN momentum cooling off.$AMZN has been trending up after hitting is lowest of this year since the split and bouncing back up, taking advantage of the market rally. making AMZN a buy for some momentum traders. with the new economic data coming in this week. i expect the market to cool off its rally after its five day bullish streak.
The average move of AMZN per day is about $2.00-3.00 depending on market conditions and news.
here my price target for $AMZN for monday 07/11/22.
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For calls; buy above $116.00 and sell at 117.04 or above
For puts, buy below 114.69 and sell at 13.69 or below
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Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly go 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 on which stocks I should analyze, please leave a comment below.
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AMZN $2500 Price Target by Mid-OctoberFollowing the same trend and momentum patterns of the SPY and QQQ ideas I posted earlier today. I see another consolidation phase after a sharp initial continuation of this incline. The stock split should help generate retail momentum additionally. Not trading advice.
AMZN to 5K ? Continuation Triangle (HUGE)Amazon (AMZN) is currently painting a triangle possible continuation pattern with a pole that would bring the stock price to 5k.
AMZN Trade Idea (updated)AMZN has been moving sideways for monthssss! MMs are just banking on premiums, and as we have seen this week it was bought up very quickly when spy was falling, but was also lagging when spy was going up.
I'm still extremely bullish on AMZN . And the reason is for a stock to get that much price upgrades, news, deals, revenue, holiday season sales and still not react this means that big money is waiting for one specific thing to happen and they'll pump it to the moon!
Might be stock split? BIGC buyout? who knows! But what i'm sure of is that amzn is still growing and the longer the coiling the more explosive the move is!
But according to the order flow sweeps and elliot wave , AMZN will rally to 3800ish by dec/jan.
What i'd recommend doing is playing multiple spreads instead of calls to avoid theta decay.
Play multiple spreads with different exps where one could be for all the others and let theta be on your side.
Worst case scenario: AMZN rejects 3400
Best case scenario:3800+ by mid jan
AMAZON LONG📈 NASDAQ:AMZN LONG H4
🛒BUY above = 3137.50
🎯Target1 = 3304.70
🎯Target2 = 3408.05
🎯Target3 = 3575.30
🛑Stop loss = 2866.85
🙈Recommended risk = (1%-2%)
#AMZN #AMZNLONG #BUYAMZN
AMAZON COM INC. LONG📈 NASDAQ:AMZN LONG H4
🛒BUY above = 3322.10
🎯Target1 = 3377.21
🎯Target2 = 3411.30
🎯Target3 = 3466.50
🛑Stop loss or cancel trade = 3232.70
🙈Risk = (2%-3%)
#AMZN #AMZNLONG #BUYAMZN
AMZN Pennant PatternSame Author- Different Account
AMZN forming a lovely pennant pattern. Respecting upper and lower bounds of support and resistance. This goes higher. The UpTrend continues. NASDAQ:AMZN
Back to ATH - AMZNAmazon showed strength today that it hasn't in quite some time. IMO it's the best overall company to have your money in. AWS, Prime...the list can go on. This strong reaction makes me excited to be an AMZN investor.
Could be a bumpy ride with some of the macro events surrounding - but I think today marked the official launch back to ATH.
Long hold with AMZN but man today was something.
GLTA
AMZN - ATH's EOWI usually don't try to predict things in this short of timeframe but AMZN price action today tells me it's ready. RSI should move closer to that 78-83 range and I'm hoping to see us pierce that $2,050 mark and make that new support going forward. Volume coming in at the end of the day was a great sign IMO.
ER in 10 days, AMZN usually likes to move at this timeframe but that $2,050 is strong res so we could see a rejection before ER - assuming AWS #s are inline or above expectations and outlook remains positive, We will see ATH.
GLTA
