Amznsetup
$AMZN -- Amazon Wave CountAmazon looks to be putting in a wave 4 triangle corrective pattern.
My strategy will be to target the low of wave E with stop loss at the extreme of Wave C. I am unable to calculate the overall price target until I have the low of Wave E.
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AMZN Big Short coming out! First $3,270? Down to $2700...Amazon has seen some good upside recently, and that doesn't mean that cannot continue for the longer term. However, for the short term, we could see the stall of the most recent pop from 2,900 and the 100-day moving average and a retrace back down under that level along with the rest of the equity market into this Presidential election.
Amazon does have long term potential and medium-term potential from the potential closures due to COVID-19 again and also the holiday season coming up. People's number one option is jumping on Amazon and buying whatever they need. Not to mention the potential for a stock split on Amazon which could drive more money into the stock medium term.
However, with the current economic condition, we can see some volatility and a head and shoulders pattern form to completion when Amazon fails under the 3220 area and pushes through the support zone at 2900 which is the neckline. That would bring AMZN down to the 2670 area.
This idea is for educational purposes only and should not be taken as trading or investment advice.
AMZN LONG SET UP TO FILL GAP AT $3,500Long term swing TP points
TITLE/(DATE)- BUY AMAZON
scalpel trade
ASSET- AMZN
PLATFORM- MT4
ORDER TYPE- BUY limit
Time Frame- 1D
ENTRY PRICE 1- 3086.00
ENTRY PRICE 2-3068.00
STOP LOSS- 3056.00 (300 PIPS)
TAKE PROFIT 1- 3116.00 (300 PIPS)
TAKE PROFIT 2- 3186.00 (1000) PIPs)
TAKE PROFIT 3- 3286.00 (2000 PIPs)
TRAIL STOP LOSS FROM TP.2 to TP.3 when price reaches TP.4
TAKE PROFIT 4- 3,368 (2800 PIPs)
Take PROFIT 5- 3,486 (4,000 PIPs)
STATUS: ACTIVE
TITLE/(DATE)- BUY AMAZON
scalpel trade
ASSET- AMZN
PLATFORM- MT4
ORDER TYPE- BUY limit
Time Frame- 1D
ENTRY PRICE 1- 3086.00
ENTRY PRICE 2-3068.00
STOP LOSS- 3056.00 (300 PIPS)
TAKE PROFIT 1- 3116.00 (300 PIPS)
TAKE PROFIT 2- 3146.00 600) PIPs)
TAKE PROFIT 3- 3176.00 (900 PIPs)
STATUS: PENDING
AMZN (AMAZON) LONG AND SHORT SET (HUGE BREAKOUT)HUGE BREAK OUT COMING
Amazon.com, Inc. offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company's products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It also manufactures and sells electronic devices. The Company, through its subsidiary, Whole Foods Market, Inc., offers healthy and organic food and staples across its stores. The Company also offers a range of products like whole trade bananas, organic avocados, organic large brown eggs, organic responsibly-farmed salmon and tilapia, organic baby kale and baby lettuce, animal-welfare-rated 85% lean ground beef, creamy and crunchy almond butter, organic gala and fuji apples, organic rotisserie chicken.
TITLE/(DATE)- BUY AMAZON (7/28)
ASSET- AMZN
PLATFORM- MT4
ORDER TYPE- BUY limit
Time Frame- 1D
ENTRY PRICE 1- 3018
ENTRY 2- 2998 (pending)
STOP LOSS- 2978 ( 400 PIPS)
TAKE PROFIT 1- 3058 (400 PIPS)
TAKE PROFIT 2- 3098 (800PIPS)
TAKE PROFIT 3- 3158 (1400)
TAKE PROFIT 4- 3228 (2000 PIPS)
TAKE PROFIT 5 - 3318 (3,000 PIPS)
TAKE PROFIT 6- $3458 (4,400 PIPS)
STATUS: ACTIVE
AMAZON - the rich will become richer! 🤑Good day to all! Indeed, the really rich will become even richer! Let's analyze the stocks of AMAZON.
For a long time, the stock price moved inside the upward channel. Marked on the chart. In 2018, this upward channel was broken in a downward price movement. As a result, another upward channel was formed. Inside, which price moves in a five-wave growth pattern.
At the moment, the price is moving in the third wave with the likelihood of continued growth to the level of 2802.04 or the upper boundary of the rising channel. Locally, the price moves inside the local upward channel (marked on the chart).
In case of breakdown and consolidation below the middle border of the channel, the price will continue a downward movement to its lower border.
Successful bidding!👌
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Disclaimer!
I do not give entry and exit points.
I share with you my opinion and ideas, which may differ from yours.