AMZ
Bullish on AMAZONAmazon ready to print some dollars for the bulls
NASDAQ:AMZN has crossed over and retested the $147 resistance turned support price.
We are in an uptrend and have a strong bullish momentum.
Position Set - 2 ITM contracts XETR:AMZ 3/4/2024 Call $145
Dead Cat BounceFrom the current levels its very likely that we may see some buying pressure but this would be very only till the resistance zone most likely. And from there shorts will enter the trade to bring the price down. Watch out the trendline, wait for a breakout/reversal. Let the price first break 20 day MA to consider longs.
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Amazon TargetHey traders HAPPY NEW YEAR ,
Start : 4000
Target: 3550.00
Stop: 4180.00
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Please do your own analysis before taking the trade.
Let me know if you guys have any questions in the comment section.
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Thanks.
End of the Bull Market a bearish view in stock market
as i see many stock stuck down after coronavirus crash, faang index hold its rally top
now its time for spx to correct this movement and balance some market caps
this correction happens by faang stocks while other stocks could maintain their slight bullish movement
S&P with and without AMAZON. What do you make of this?This chart comparison displays the S&P index with AMAZON (left) and without (right). The sole purpose is to highlight the big impact that AMZ has during the recent weekly rally after indices made a bottom.
As you see with AMAZON, S&P has been rising continuously since the March 23 bottom while without the weight of the pandemic-proof stock (since its on-line nature is favored by the lockdown) it is currently exactly on the March 23.
Food for thought on how bad the situation is on traditional companies. What do you think?
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FAANG Key Outside Reversal Week#FAANG . . Breakout and perfect retest of ATHs. Key outside reversal week on massive green candle if price holds up for he next few hours. $FB $AMZ $AAPL $NFLX $GOOGL
AMZ Long then ShortWe should be at our short term bottom now, a potential bounce to the 1580 region is in the books, however once that is reached we should begin making our way towards 1280.
A nice scalp trade is available, just make sure to sell off 1500+
Those looking for a long term entry should wait until a opportunity around 1280 presents itself.
