Amazontrade
AMZN continue its equilibriumHello everybody, the AMAZON stock price seems entering in an equilibrium range since 14 April, after passing a good uptrend since 16 March.
In the actual conditions, the AMZN stock price will continue in its equilibrium, but could at any time break it :
- above which mean another increasing trend
- or below the rectangle which means a decreasing trend.
AMZN working hard or hardly working?AMZN has proven itself to has bullish features, but is that momentum slowing down? MA's indicate so, for now, momentum can be seen to be slower than the normal rapid bullish movements that are seen. This momentum will resume once MA's decide on a direction whether it be upwards and continuation of this very weak upward trend or breakdown to begin a new respectable move upward. I would either go long on this or short it.
Amazon in a long level, up to $1850 then $2000?Amazon drops into a key support level where it rotated a few times right at $1745 now its showing signs of strength and volume is starting to increase. It's been in a strong range for 4 months now and it looks like its about to break above. As long as retail numbers don't disappoint in the next few months we'll hit the first target at $1845-1850 and then into $1900. We need to see price break above the year to date POC and hold it as support. Volume on the move higher is really important as well.
Disclaimer: This idea is for educational purposes only, this does not constitute trading or investment advice. TRADEPRO Academy is not responsible for any market activity.
AMAZON - MARKET PSYCHOLOGY - BITCOIN 2017 RESEMBLANCE - CM101AMAZON - NASDAQ
This relates as much to crypto as it does to stocks. Why? Because all follow similar (some may say the 'same') trajectory as it's as if it's run on same simulations by same individuals.
Just look at Bitcoin 'bubble' 2017 - 2018. See any resemblance to Amazon and to be frank the whole stock, bond market? Looks awfully similar to me especially with mixed media reports lately. Did you notice how we had a week a everyone being super bullish on stocks and then suddenly we switched into mass bear predictions followed by balancing of bull, bear news? Why is that? Simple! When a person is confused or unsure on what he or she should do with their holding, what are they most likely to do? They are most likely to make a huge mistake, which is exactly what we have in front of us today!
I might be early, but I'm not wrong!