Amazon
facebook started growingfacebook started growing. Exited the downtrend. a correction is being formed up to the support line.
below the supportthe second (corrective) wave is forming on the chart, after which the third (impulsive) wave is expected. I expect an imminent fall below the support
370? What do you think?the meta has broken through the downtrend line and is moving up. I expect movement to 370. What do you think?
11/15-11/19 watchlist #3 $SHOP $1650, $1620 BOUNCE
Price targets: $1675, $1700
Technical Analysis: All-time high breakout & momentum bounce
News Catalyst: "In a week of whipsaw or negative action in many highflying stocks, Shopify stock made a powerful move Friday, clearing a trend line break in huge volume, offering an early entry in the morning and ultimately clearing the 1,650 Buy point" - Investor's Business Daily
AMAZON failed to break the resistanceAMAZON failed to break the key level of a long range which may lead to huge dip with all new investors that came last year.
Old investors were distributing their stocks to new ones for a very good price.
The short position is possible.
The best buy opportunity is at or around trend line.
Important Trend Line!Money Makers!
Rivian has finally been launched on the NYSE. This trend line shown will be very important over the next few days, especially when we're able to use options. If it breaks below, that will be one of the first bearish signs and I'm sure there's a lot of bears waiting to take advantage. This project is currently backed by Amazon & Ford. With that being said with the pettiness between Elon and Jeff. I wouldn't be surprised if this project keep moving higher. Tesla is currently 10x Rivians price and I'm sure Jeff wants to catch up but that's just my opinion.
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It's all about Market structure, Area of value, and Entry Trigger.
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This is not financial advice.