Amznlong
Early entry for bullish AMZN trade?Looking at weekly close of AMZN it looks like ready to make move higher. Although the close of the week isn't super convincing, it does look bullish. Close above 3465 would confirm it's intend to make new highs soon.
AMZN is getting ready to move to new highs soonNear trend line resistance. This time momentum looks strong. Close above 3465 will give it a good base to move towards 4000 level. Must hold 3280 support.
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
Lots of lines for AMZN. Nothing pointing down.It might be soon, or it might take some time.
Either way, AMZN's definitely going higher.
Am I right?
Descending Volume + Descending Price = Pop on price Looks like we are nearing the end of the consolidation. I think this run down is going to have a pop to the upside soon. The price and volume has been descending, sellers are running out.
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 $3884.42
About me
- P/L Oct-Dec-Jan Trading Suspended | September +49.18% | August +232.32% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
#AMZN Is This The beginning of Amazon?- AMZN looking like an amzing falling wedge, I believe its done with its long abcde correction, as well bounced looking to be bouncing off the trendline here soon witht he fibs.
- Not a strong confirmation as ER is around the corner and it can actually be the reason why it can actually can drop hard instead of following this bullish wave count.
- ER should determine the direction of Amazon.
- I am not too confident on this one i would like to as FAANG is looking extremely weak
AMZN to 5K ? Continuation Triangle (HUGE)Amazon (AMZN) is currently painting a triangle possible continuation pattern with a pole that would bring the stock price to 5k.
AMZN Bullish potential after the 2ed stimulus plan. When the 1st stimulus plan was approved, AMZN price was almost 1900 and raised to 3536 during five months which almost 85%. Led to high profit exceeded the estimation two times.
The same scenario could happen again after the 2ed stimulus plan has been approved, but the expectation for the price would be divided by 2 according to the value of the 2ed stimulus plan which is half of the first one.
technically, AMZN formed symmetric triangle after a strong bullish trend, which creates a potential for a new uptrend wave.
the price target calculation will consider the value of the 2ed stimulus plan, so the target price will be 4441$ based on 42% ( the first accending rate multiply by 50%).
The best point to enter is when the price penetrates the triangle from the upper side and must be supported with a high volume.
NASDAQ:AMZN
amazon or AMZN its for long amazon or AMZN its for long and dont forget when you are 50% on profit close 50% and move the stop to enter point and let the rest to run
amazon still bullish
AMZN LONG SET UP TO $3,600TITLE/(DATE)- BUY AMAZON
ASSET- AMZN
PLATFORM- MT4
ORDER TYPE- BUY limit
Time Frame- 1D
ENTRY PRICE 1- 3138.00
ENTRY PRICE 2-3088.00
STOP LOSS- 3038.00
TAKE PROFIT 1- 3238.00 (1000 PIPS)
TAKE PROFIT 2- 3338.00 (2000) PIPs)
TAKE PROFIT 3- 3438.00 (3000 PIPs)
TAKE PROFIT 4- 3538.00 (4000 PIPs)
TAKE PROFIT 5- 3638.00 (5000 PIPs)
STATUS: PENDING
BTC 1M vs AMAZON 2W fractalCandle 1 : just before breakout, when we re-reach ATH.
Candle 2 : BREAKOUT.
Then, Pullback. Was a 25% pull in Amazon's case.
If we go 22.6-23k (fibs and bull flag pole telling that), we would pullback to 17k after.
Fundamentaly, its amazing how much BTC and Amazon have the same vibe, the same mission : disrupting a major business model.
And they are LEADERS in their field.
And its really what we should lean to : wich stock/crypto will disrupt its industry panel.
Tesla - cars
AirBNB - hotels
Uber - taxi
And so on.
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
