Amazon on a support line verus the NasdaqAmazon has been in a sideways correction pattern for a long time. this chart shows it relative to Nasdaq. Historically this has been a very good point to go long.
Amazonlong
Will the MGM deal push AMAZON higher?Amazon is buying MGM Studios for $8.45 billion, the companies announced Wednesday, marking Amazon’s most ambitious move yet into the entertainment business.
The deal is Amazon’s second-largest acquisition. It paid $13.7 billion for Whole Foods in 2017.
What do you think? Will this deal push AMAZON higher towards the 4,000$ mark?
Most likely will,
the FXPROFESSOR
AMZN is getting ready to move to new highs soonNear trend line resistance. This time momentum looks strong. Close above 3465 will give it a good base to move towards 4000 level. Must hold 3280 support.
AMZN Bullish Trade Setup AMZN daily chart shows it is setting up for a wave (5) rally that could reach 3800. Up to the daily time frame and above, AMZN remaining bullish against the wave (ii) support level at 2977 for now. We are interested in establishing long positions like a bullish vertical that expires in May 2021.
AMAZON COM INCIt will continue to return to the resistance areas in the charts
Then it starts in a downward trend towards the targets
AMZN News AnalysisI predict with the best probability the future trends, my ideas are reserved for the experienced trader. #UniversTrader
AMAZON COM INC
The index will continue its downward trend towards To support 2885.20
Then move in an upward direction to the resistance 3095.30
Then, back to continue its downward trend towards support 2719.00
Amazon Price in Triangle Amazon stock price at the triangle support break down below will send the price lower.
amazon stock price must hold above this zone for the next move here amazon chart looks fine here if hold above this lower trend line zone it can move higher and breakout above 3400 $ will send the price to higher level it can easily touch the 4000$ if maintain above the 3500$ psychological support zone.
let's see the price reaction here we will see what market maker is cooking for us
Amazon Is replacing The Amazon *LongAmazon prints a fresh ATH and making HL , Trading within a Nice channel that has been respected since July 2020.....3 time we have rejected a breakout opportunity which was anticipated .
I see Amazon breaking ATH over the course of the coming months when earnings are announced 29 April ...approximately 77 days time .... Amazon has smashed the past 3 estimates obviously due to the Virus and Lockdowns etc and i anticipate that Amazon does it again in the coming few months ....for entry i have Highlighted the orange box which should act as a strong support and a nice entry .
#AMZN Trading plan! Hello friends!
Amazon has been trading in a channel between (3090-3350) $ since November
Since the end of January, the price bounced off the support level of 3090$ and rushed up.
Having made a false breakout, the price rolled back and went up again!
At the moment, for the fourth day, the price is moving towards the level of 3050$.
After the breakout of this level, we can get a good move to the next resistance level 3495$.
Also, further growth cannot be ruled out, since the price traded in the channel for a long time.
There will be enough energy at the exit from the channel to break the 3495$ level.
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Amazon Update - go longThe Idea is to go long - following the CONTINUATION PATTERN - SYMMETRICAL TRIANGLE UPTREND theory.
Amazon: Just in case it's wave 5 comingWill the company be better off without Jeff as it happened before with Google and Microsoft?
We are yet to see.
Meanwhile if it's the end of wave 4 "wedge" correction we might see the stock up to 4345.
Decline below 3090 will make it less relevant.
AMZN Bullish Trade Setup, Running Triangle AMZN Bullish triangle pattern complete targeting wave (5) upside that may reach 4056. The immediate rally should reach initial target of 3540 and then 4056. Look to establish bullish positions like a vertical on AMZN.
#Amazon - Bullish - But I sell all positionsFrom a purely technical chart perspective, I continue to see Amazon bullish.
A breakout means rapidly rising prices.
I wanted to hold the shares longer but out of my inner conviction that was no longer possible. There are enough alternatives for investments.
Therefore, I sold all Amazon shares from the depots last week, because I consider freedom of opinion and diversity of opinion to be the highest good. In the course of time, censorship has always led to further radicalization and even to war/civil war. This is what history teaches us.
The measures that Twitter, Google, Facebook and Amazon have therefore taken in recent weeks to suppress opinions, I consider as dangerous as the silence of the alleged "democratic" forces in the world. That many media/gazettes celebrate this, shows actually only whose spiritual child dwells in their owners mind.
With their market-dominating position, these companies must be broken up as quickly as possible. Not only from a monopolistic and competition law point of view, but above all because they can and already do massively restrict freedom of opinion and diversity of opinion.
Best regards from Hanover, Lower Saxony
Stefan Bode
Please also still like the publication of the similar idea attached below.
Amazon Breakout leaves little to doubt. Low-risk 18% profit!Today's impressive AMZN daily candle signals a breakout of a 4-month long triangle. Measuring the height of the triangle at its basis gives a target of $3886, that's 18% profit. Taking the stop loss a bit below the previous swing low at $3050 gives us a clean trade of 2:5 risk-reward ratio. The day hasn't closed yet but let's hope the green candle stays solid.
The rising arrow I drew plateus horizontally at zones that I believe are resistance zones measured through Fibonacci extension from the previous swing.
Amazon to ATHI'm expecting Amazon to break out of the symmetrical triangle and go towards a new ATH. (earnings report soon)
AMZN getting ready for a move upAfter the huge move up during the first months of the pandemic AMZN has been taking a breather for sometime now and consolidating within the pennant, which is a continuation pattern. RSI and MACD (not on the chart) have been pretty flat throughout this time, without big moves up or down, corroborating the consolidation. The Accm/Dist has stayed up throughout the consolidation, which means interest in the stock is not weakening although it is trading on a range. I believe this is a very healthy consolidation that will propel AMZN back to ATH and above in the near future. I have a position in AMZN and am adding at these levels, specially when it moves to the lower half of the pennant.
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***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***
$BABA excelent buy opportunity in AlibabaHolding*Alibaba got it's retrace to technical 61,8 fib level due to investigations from china's govt toward $baba for monopolistic behaviours. This company's fundamentals are just awesome. Just research for yourself, will be amazed. 22% against 5% of amazon in revenue. This company is just exploding and has still much more space on it's way to do that.
