Get started

Amznlong

AMZN @ Daily @ Crucial Days until Christmas (year end 2016)AMZN lost -16,83% from it`s all-time by 847.21 (2016/10/16) until 710.10 (2016/11/14) Meanwhile the 2nd main upside trend broked also - with a GAP! And this GAP is also the 1st target to get back on a bullish track. I am slightly optimistic, but i want a visual evidence - want to see the shares even to trade between 789.49 & 815.43. Buying before is also an oppurtunity, `cause the downside trend, which even breaked the 2nd main upside trend was left behind while last wednesday trading day ... How ever, maybe i am too kosher !? But i want to see the share even trading out of the downside trend - even between the GAP, if it has to be ?! And from thi points of view, all in all, i am still pretty neutral - and would like go long much higher over next week, if even the broked downside trend holds ... Possible short-term target for bears are, in my opinion : 736.70 2nd leg of the w-wave 710.00 1st leg of the w-wave Possible short-term target for bulls are, in my opinion : 792.40 lower middle high of the w-wave & end of the extended downside trendline 843.09 start of the extended downside trendline For mid-term trendfollower traders the all-time high (847.21) could be a support line to get long - even like the alll-time high from last year by 696.44 (2016/12/29) for bears to get mid-term short once again ... Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
NASDAQ:AMZN
by Devise2Day
AMZN : Long trading ideaAmazon is in a fast upside trend since early February (+72% in less than 9 months). The stock is making new historical highs frequently. On that situation, we are looking for short term regress in order to get long. Here is exactly what is happening : - Beginning of a bounce at a 38.2% Fibonacci retracement - Matches with neutrality area on the RSI (bounce at 50 exactly) If the bounce does happen during the next few days, a theorical target can be put at 900$ (100% projection of the previous upside wave) So here is the long trading idea : - Open long position @ current price (about 820$) - Stop @ 800$ - Target @ 890$ (just below the theorical target to make sure to get executed) - Eventually a intermediary target @ 850$ to close 1/2 of the position (still a good R/R at this price !) This is not a highly probable successful trade but the R/R is good enough to compensate it.
NASDAQ:AMZNLong
by AlexandreNygal