Primary Chart: Primary Down Trendline from 2021, Secular Up Trendline from 1997, Long-Term Up TL from 2008 GFC Low, and Fibonacci Retracements from Covid 2020 Low
Summary:
1. This post provides a broader view of the technical environment within which AMZN's day-to-day price action takes place.
2. AMZN remains within a primary downtrend (see the parallel channel...
Primary Chart: AMZN's Primary Downtrend with Parallel Channel, Daily 8 and 21 EMAs, Fibonacci Levels
Summary:
1. SquishTrade's longer-term view is bearish. In the short-term, prices could bounce to retrace the first wave of decline from the November 15 high at $103.79.
2. Short-term bounce targets are $100. After the bounce reverses lower, downside price...
I wanted to share this chart, as a couple of things stood out when thinking about past bull & bear secular market cycles vs. the current secular bull market that we’ve been in for the last 10+ years since the 08-09’ GFC (Great Financial Crisis).
First , for those who say “investors can't or shouldn’t time the markets", I very much disagree with this logic (or...
