Based on my sources and inputs, as well as supporting price action and Volume Price Analysis, i have concluded that while everything else pumps in the bull case, AMZN may be a larger force in a breakout. As per Richard Wycoff, longer consolidation means a larger implied move. AMZN has retested MAs and shown support outside boxes. This thing is primed. Let's see...
There is strong negative divergence on the price and has very likely done a double top at $189 area. Ideally, if that double top is confirmed in the next one or two candles, then it should fall to at least the rising trend line. However, that rising trend line also is making the bearish flag pattern. So there is high likelihood that it will loose support of trend...
Fawkery on top of fawkery.. dragging this short out... 2nd rising wedge here should get it done.. Stop loss 192. 1st Target 173 2nd target 160 Mid term target is 173 gap close. Long term target 160 gap close
seeing possible movement to the downside soon in the coming days/week
Amazon ( NASDAQ:AMZN ) has announced its intention to launch a dedicated online store in Ireland in 2025. This move, according to the company, will provide Irish customers with a wide selection of great value products with fast delivery, while also offering opportunities for small- and medium-sized Irish businesses to reach a bigger audience at home and abroad....
This is a short call that I had forced the last wave up to be an "ending diagonal". The reason for doing so is because of the price-volume divergence that is shown on the daily timeframe when AMZN was making a new high. For those who are familiar with "Ending Diagonal", the imperfection will to be pointed out is" "Wave 1" did not show clear 3 waves. "Wave 2" is...
When the charts looked ugly it was a historic buying moment. Amzn fell to the classic fib levels and the sharp edges of the market stepped in. When the set up looks juicey though... the herd rushes to pile in. Excited to see this one play out.
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The stock AMZN opened above the resistance level at $189.75, indicating a potential uptrend. If the RSI indicator stands above the 70 line, it could further confirm the upward trend.
Break the PDL and H & S formation done. Ride the trend
The Amazon chart is showing several concerning signs. Although Amazon recently reached a new all-time high, this achievement wasn't supported by the daily Relative Strength Index (RSI), indicating a clear divergence on this indicator. This divergence suggests a loss of upside momentum at a critical juncture - namely around the 2021 peak at 188.65. Additionally,...
AMZN - Day trading, Head & Shoulder pattern, bearing formation for target 183
0. Notes to follow; 1. Amazon bouncing off a rising ascending broadening breakout pattern; 2. AMZN heading to $190, then $210;
Was waiting to see if the blue curve holds in this project in order to decide to post these simulated projections that take into account potential pivot points, reversals, or zones for support/resistance and BREAKOUTS... in either direction, even though I am slightly bullish biased on this one. I have this scenario in mind where this could find support...
we have two scenarios, it will either hit ~190 before going back to ~165 or hit ~190 and break from previous resistance line at ~190, what do you think ?
If you haven`t bought AMZN before the previous earnings: Then analyzing the options chain and the chart patterns of AMZN Amazon prior to the earnings report this week, I would consider purchasing the 175usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $12.95. If these options prove to be profitable prior to the earnings...
Yes. This is quite the Love-ly set up. Inverse H&S looking good with volume by its side. 200 is POI for take profit. Let's see what happens
The request asks for the translation of a trading strategy using an indicator called "Support Resistance Dynamic," with buy entry points at the first resistance level at a price of 189.77 for an uptrend, and buy entry points at the first support level at a price of 171.47 for a downtrend.