AMZN Long-term LONG/BULLISH - Amazing support for next rise!AMZN Long-term BULLISH/LONG - We had a bounce from the 0.618 and a beautiful support from the 0.5 of the Fibonacci Retracement, next targets are the 0.618 of the Fibonacci Extension ($3543.28) and the 1 ($33800.37) GOOD LUCK AND HAPPY TRADING!
Amznlong
Amazon Price in Triangle Amazon stock price at the triangle support break down below will send the price lower.
amazon stock price must hold above this zone for the next move here amazon chart looks fine here if hold above this lower trend line zone it can move higher and breakout above 3400 $ will send the price to higher level it can easily touch the 4000$ if maintain above the 3500$ psychological support zone.
let's see the price reaction here we will see what market maker is cooking for us
AMZN - 17.96% Profit Potential - Bullish PennantBullish Pennant formed after a 5-month correction. Multiple new support confirmation over the past few days and price that resisted the news of Bezos leaving the company.
I am fairly optimistic on this trade, as I particularly like the chart and the risk/reward ratio. This means that I will allocate more capital than usual.
- Target Entry $3329.12
- Target Stop Loss $3270.00
- Target Exit $3884.42
About me
- P/L Oct-Dec-Jan Trading Suspended | September +49.18% | August +232.32% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
#AMZN Is This The beginning of Amazon?- AMZN looking like an amzing falling wedge, I believe its done with its long abcde correction, as well bounced looking to be bouncing off the trendline here soon witht he fibs.
- Not a strong confirmation as ER is around the corner and it can actually be the reason why it can actually can drop hard instead of following this bullish wave count.
- ER should determine the direction of Amazon.
- I am not too confident on this one i would like to as FAANG is looking extremely weak