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.
Amazon
Rivian IPO Ponzied - Story Telling FOMO - Show Me Revenues!!Rising rates kill crypto & stonks dreamers. Small cap gems win. For next decade. US10Y on the up. #cannabisreform. Volatility SPIKE - large caps to small cap Quality VALUE gems. Revenue GROWTH matters!! #valuation
Jobs & Justice
$KERN has the DATA!
✅AMAZON WILL FALL|SHORT🔥
✅AMAZON is retesting a strong daily resistance level
And despite the market going up, the bulls were quite weak in this stock lately
Which indicated an underlying weakness
So as the price is at the resistance level
A local bearish reaction seems likely
With the retest of the local rising support
SHORT🔥
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LONG AMZN
I AM NOT UNCERTAIN
AMZN has been moving sideways over more than 400 days now... It's time this monster wakesup....
It has good technical set up as well to play...
The trade idea in chart is just for educational purpose. Before playing anything contact your financial advisor..!!
NASDAQ:AMZN