AMZNI have buyed at 131.56 my profit is 133.80 reason is simple the selling and profit booking has made enough room for buyers, thus continuing the trend
AMZ trade ideas
W PatternRoom to run if conditions support it.
Price is trying to stay above the diagonal resistance line so I turned it orange as it is not clear it is a support line yet. I would turn it green if strong support and blue if new support.
New patterns may emerge, but there is a discombobulated triangle that is loose versus tight.
Tight triangles with price filling the space are more reliable than loose triangles which consist of a lot of open space.
Valley 2 is higher than valley 1. Possible Bat. Bat patterns normally continue to the .886 and an Alternate Bat to the 1.113. Patterns morph over trading days so no way to know for sure.
No recommendation
AMZN next long oppAMZN is forming a new channel, I like that kind of pattern.
A Fibbonacci would give us almost the same signals like the current volume profile - good sign.
I would enter long about $133 and exit around $135
July Trades (AMZN, account up 0.46%)3rd day trade in July is NASDAQ:AMZN .
Account is up 0.46%.
Total return in July is 5.49%.
Digital and technical analysisWe see that there is an increase in the buying momentum and we are in a major upward correction
$AMZN, Daily TFNASDAQ:AMZN , Weekly rejection. Do we see a breakout to 145$ or a rebound to the daily support 128$ ?
AMZN - Rising Trend Channel [MID -TERM]🔹Support at 113 and Resistance at 144.
🔹Technically POSITIVE for medium-term long-term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
Amazon in dangerous territory here. Brown trendline represents the head and shoulder neckline. Yellow neckline is the rimline of an inverted cup and handle. Both essentially have the same breakdown target. Price needs to get above these trendlines soon to avoid triggering the breakdown.
AMZN Buy idea
broke yesterday high
The trend is also Bullish
Strong Resistance at 136.49 That will be our Take profit
Part 2 of All 7 Mega TECH stocks | QQQ Sp500 TREND GUIDE- I cant stress enough to follow the trend on these stocks, there will be a time to short when we see daily downtrend confirming
- FIRST STEP for bears is we need a hourly downtrend for anything to really happen
- As of now all mega tech are still healthy
$AMZN Analysis, Key Levels & TargetsNASDAQ:AMZN Analysis, Key Levels & Targets
Is sitting just a tiny bit above the 200MA… a key level for sure…
Looking toward 107, the 200MA on the Daily level…
Shorting AmazonShorting here small size just cause the charts confluence is too much. My other shorts will yield much more % if I am right but cant not trade this chart. Not advise.
AMZN AnalysisPrice consolidated since my last analysis, giving us a -3.42% move at one point. No changes to my expectations, I'm waiting for a solid confirmation on the lower timeframe to potentially bring price back to the discounted level at 118.60 next.
Part 2 of 7 Mega Cap Tech | QQQ Sp500 & My YINN playsAs long as we have mega cap techs holding sideways and rest of the market breath catching up it is good for the bulls and we may continue to see grind up from the market overall.
- Very first step i want to see from the bears is an hourly downtrend for me to even pay attention to a short swing.
- entered YINN for lagger bull play.
$AMZN Long above 129.10 Based on the current short-term trend, there is an expectation for the stock to experience a 33.81% increase over the next 3 months. Additionally, there is a 90% probability that the price will range between $170.11 and $180.24 by the end of this 3-month period.
Amazon eyeing Wave 4- AMZN has just finished off W3 and already in route for W4. I have put the Fibonacci levels for the W4 to where we should see price go before rebounding to W5.
