Looks like amzn is going to bounce around here for a while.
In combination with prior top around 83.8, it makes a case of a support zone for possible rebound.
MS raised target to 153 last week. It confirms with support at 134 and target around 153-155.
AMZN is showing bullish sign with a R. H&S inside a bull flag. Combined with bullish sentiment of Yellen nomination and holiday shopping rush. Amzn looks to climb to 390 - 400 range.
After broke down from the higher wedge, it's reached bigger daily wedge and a piror high support level. A bounce here to 33.75 level is likely with relative low risk.
Don't know about you, but I see a bear holding a green flag sitting on 1.3300 waiting. RAWWWRRR!!
Possible short interest build up between 165.18 - 165.68 where the bearish trend line and retracement level meets. It should develop over the next 3 trading days, which provide shorting opportunity to revisit 163 level.
Possible short interest build up between 165.18 - 165.68 where the bearish trend line and retracement level meets. It should develop over the next 3 trading days, which provide shorting opportunity to revisit 163 level.
The long tails here are actually gap downs. The red box shows color matching of candle sticks 2 week prior to gap down. If the recent price action repeats itself, we should see spy fall to 161.55 in the next two days.
clear cut case, simple target to mid-line or top of consolidation.
amzn could fall back to 200d ma and long term trend line support before heading higher toward Dec.
correlates with daily stochastic over turn. Target to 61.8% of the rise or when stock is over sold.
Apple broke out of the daily consolidation. A retracement to 440-445 area would present a buying opportunity as multiple trend lines supports converges in that area. Target would be 460 - 470+ in the next couple months as school season starts.
possible bull flag forming on with target above 159.5 within 2 days.