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.
Amznlong
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
AMZN in a smaller, tighter triangle supported by larger trendAMZN is sitting at the end of a smaller, tight triangle ready to breakout. Within this smaller triangle it is also within a larger triangle with trend lines with stronger support. Breakout should be imminent as long as AMZN closes above 3200.
AMZN THE 2T MARKETCAP NEXT 3 MONTH amazn target 3800 stop 2900 daily befor mars i guess good luck guys
AMZN Amazon Bearish Signals on Bullish Fundamentals In the Q4 institutional buys were 124B compared with 7.69Bil sells.
On 10/30/2020 JPMorgan Chase & Co. Boosted Price the Target price from $4,050.00 to $4,100.00
The Pharmacy business will be a long term growth catalyst for Amazon.
Their cloud service is growing too.
The Holyday sales will most likely surpass the last year`s.
The indicators are still bearish, i won`t buy yet, but wait for a breakout.
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
AMZN Bullish Trade Setup, Running (Triangle) Almost Complete AMZN running triangle almost complete with a pullback into 2990-2980 acting as a good level to establish longs for a potential wave (5) rally that could carry us into 3,900-4,000. Exact trade details in video update, looking to establish Leaps/Bullish Verticals into 2021 for AMZN.
AMZNAMZN/USD Broke out down Trend INC but might not last long due to the Support right under the Close for Friday.
$AMZN -- Amazon Wave CountAmazon looks to be putting in a wave 4 triangle corrective pattern.
My strategy will be to target the low of wave E with stop loss at the extreme of Wave C. I am unable to calculate the overall price target until I have the low of Wave E.
Please hit like, share and follow if you want to see more!
Very bullish on AMZN - 4000 EOYI believe we are about to enter a 1-2 month long bull run.
AMZN is sitting in a nice wedge right now.
With the pandemic still raging on, and multiple cases coming and closures in Europe, I believe AMZN will capture an even stronger foothold in the world.
Hedge funds love AMZN and will definitely bring it higher.
PT: 4000 EOY.
$AMZN go LONG to $3800!There are 2 opportunities on $AMZN
- Waiting for a bounce on triangle: (1) $3314 with target $3446 (+3.8%)
- Then, there is possible breakout of the resistance level: (2) $3511 with target $3800 (+7.6%)
Good luck all!
Plan your trade. Trade your plan.
AMZN RETRACE AFTER PRIMEDAYAMZN is retracing after Prime Day.
There is usually a sell off right after prime day.
I closed a position yesterday, a day earlier, at 10% profit and intend to buy the dip all the way down.
Watch the MACD to see how long the retracement will last.
Happy trading and hit like,
EV.
Amazon Rising WedgeSeems to be a large rising wedge which would make sense given the rate of increases.
AMZN Trade Update, wave 5 Bullish On the Daily time frame, AMZN in corrective (A), (B), (C) pullback is complete setting up same degree wave (5) rally targeting the 3,600 level. Still holding on to existing Longs on AMZN that might take us into Nov-Dec.
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
