$AMZN Short Opportunity may be coming very soon.Very strong downward channel for $AMZN and once the rising channel and Ichimoku Cloud breaks below $1820 a very big correction may be on cards.
Amznsetup
Amazon AMZN LongHi guys its Brian here with a long opportunity for Amazon AMZN.
Amazon was previously in a down trend but bounced off the previous resistance which became a strong support. The price is showing strong bullish momentum and possible profit targets could be 0.382 or 0.5 fib extension levels at 1923 or 2000 respectively.
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AMZN ready to push back towards $1700 and beyondWhile the SPY is fighting $280 resistance, AMZN has been making higher lows inside its major down channel. A break towards 1672 then 1723 (5% move from the closing price of today and the 200 day sma) looks to be in the cards as long as the overall market can break through 2800 on ES and hold. I also like that the daily has closed well above the daily 9 day exponential moving average.
A bigger move in the market place is definitely in the cards in the next 2-3 days with the USA-China trade agreement extended deadline from this Friday, March 1. Also Trump meeting with North Korea's leader, Kim Jong Un, to discuss denuclearization. A USA-China trade deal, or even a peace agreement with North Korea could launch this market much higher.
Purchased April $1640 calls with a $10 stop based on the weekly and daily price action. Risking $1k (per contract) of house money to make $5k (per contract)+.
Let's see what happens in the next few days :-).
As always let price discovery be your guide.
Amazon (AMZN) Is still a good shortMain idea on chart. The past AMZN trade is up 12% and my short trade is currently up over 4%. You can find both original ideas in the related section.
We can see this is probably not just a dip but a real trend change? If we do recover from this, keep in mind we are going to see a correction in the next few years.
Thanks for viewing!
AMAZON looking for a rebounceamazon correction should be done, hitting 3 years long support line + oversold rsi.
AMZN Long Term Potential DownsideAmazon went from 5 bucks to 115 nonstop during the dotcom bubble. 2000%+ uninterrupted growth. It collapsed back down to 5 bucks during the crash.
Since recovering, Amazon has gone from 100 bucks to 2000 nonstop the past 8 years. 2000%+ uninterrupted growth.
Losing these weekly levels below would be baaaad. Could stop at any of those levels below but theres downside to like 100 bucks.
2000%+ uninterrupted growth = Sketchy.
AMZN - UPDATE - if anyone is interested :)i can see this going down
i am going to watch closely and see
what happens. will update you guys also
like, comment and follow :)
Amazon (AMZN) Good to shortI have been short Amazon since 1870 and am currently in good profit.
Amazon has been overvalued for a long long time. If people do not regain confidence in the stock it will drop much more.
AMZN LONG OPPORTUNITYI don't look much into FA but the last news of AMAZON getting into Pharma could give the stock a good leg up!! What's the saying, buy the rumors / sell the news?!? Keep your eyes on that eye, I haven't place any orders yet. Still wait a bit and see when market open (might be too late). Also TA ain't bad, check the chart.
Trade Safe!!
AMZN fractal near completion repeating 2014-15 moveAMZN fractal near completion repeating 2014-15 move. Short 880 plus on hitting short term resis line
AMZN @ 1h @ big GAP (between 790 & 815) should be defend, bullsTake care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
Best regards :)
Aaron
AMZN @ 1h @ upside trend threatened! GAP Outbreak this week?Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
Best regards :)
Aaron
AMZN@ 1h @ was this last week a false breakout or constructive ?Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
Best regards
Aaron
AMZN @ daily @ will gap be confirmed this week ?Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
Best regards
Aaron
AMZN @ 1h @ w-formation & trendline confirmed, next week also ?Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
Best regards
Aaron
AMZN @ daily @ will bulls recapture 820$ price this january`17 ?Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
Best regards
Aaron
still long AMZN @ 15 min @ trading capability this 52nd week `16Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
AMZN @ 1h @ will we find us around yearly sma by 704.84 ?Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
Best regards
Aaron
AMZN @ daily @ after W TrendReversal broked, will 200 MA holds ?Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron
long AMZN @ 15 min @ trading capability for this 51st week`16This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
