AMZN couldn't breakoutAmzn is not looking good here , same with Q's altogether -- if 303 on QQQ breaks sell all tech positions until stabilized.
Amznshort
AMZN ShortReally rejected well on the 3350 today.
We should be pulling down tomorrow if we don't see strength pre-market and market is weak.
First tgt: 3250
Second tgt: 3210
AMZN Amazon Bearish Signals on Bullish Fundamentals In the Q4 institutional buys were 124B compared with 7.69Bil sells.
On 10/30/2020 JPMorgan Chase & Co. Boosted Price the Target price from $4,050.00 to $4,100.00
The Pharmacy business will be a long term growth catalyst for Amazon.
Their cloud service is growing too.
The Holyday sales will most likely surpass the last year`s.
The indicators are still bearish, i won`t buy yet, but wait for a breakout.
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
AMZNAMZN/USD Broke out down Trend INC but might not last long due to the Support right under the Close for Friday.
Possible Head & Shoulders Pattern forming on FB and Amazon.Possible head and shoulders pattern on FB & Amazon - its not confirmed on both.
The ideal setup is that both decrease in value below the "neckline" marked in blue/red in each respective chart.
Although not guaranteed the price can then increase in value, coming back up to the neckline, where we see a rejection and continuation of the downwards breakout this is the confirmation area of the pattern, in extremely volatile markets we may not see a confirmation on the larger timeframes.
AMZN Inverted H&S Pattern formingAmazon (AMZN) appears to have a bearish inverted head and shoulders pattern forming. Final downside target of 2215 if it continues to play out.
Thoughts?
Amazon Rising WedgeSeems to be a large rising wedge which would make sense given the rate of increases.
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 9/14-9/18 Trade Plan 🎁AMZN had a nice run pushing new ATH to @3552.25 and pulling back breaking the support trend line that has been holding since March.
LONG
Holding Above 3050
Target 3078, 3126, 3165, 3228 (Resistances)
SHORT
Holding Under 3042
Target 3018, 2994, 2947, 2912 (Supports)
AMZN looking for a new high, but swing traders be careful...The stock AMZN is consolidating in an ascending triangle , it is most probable that the market will look for 4038.05 (1.618 Fib level).
You need to wait for the confirmation of what I said by the breaking of the triangle from above.
Be aware of the negative divergence of RSI, another reason to wait for the confirmation of the increasing movement.
Finally, and most importantly, keep an eye on volumes they are what makes the market move, not prices.
AMZN ANALYSIS & FORECAST FOR THE NEXT DAYS Dear all,
Amazon may drop down to touch the black trend line below and then we will have a strong rebound to a very strong bullish trend,
Kind regards,
Amazon 3day Doji Movement. 2873 current range supports as we develop a doji candle. Want to look to see if this is Distribution
Look to play the breakout and confirm with the drop from overbought rsi and the ema dots to shoot red.
Neutral.
ANALYZE: AMZNafter all i notice on the chart my probability the trend going down to test the support line
Piercing Line and Bearish Engulfing $AMZN$AMZN weekly showcases a shooting star which is comprised of this past weeks daily piercing line and bearish engulfing patterns. A break at this daily trend line, leads to a pivot point challenge and potentially lower lows.
😯 Amazon Ready To Put On Scuba Gear? (AMZN)💰 LET'S GET INTO SOME AMAZON ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🐻 Bearish
- Amazon Is on high alert as the 1 hour finally starts to shift red on the ema dots indicator below. The candles are firing red with a drop below on the Crossover strategy. I think the bears are getting hungry!!!!
Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER
😯 How Much Juice Is Left? (AMZN)🤔 Pre market right now showing 2675 which puts it almost near the top of the rising wedge.
Amazon would have to go parabolic to break to the upside at this rate. Keep eyes glued and play the breakouts.
All indicators still green on the daily.
Best of luck, happy trading!
🥇MLT | MAJOR LEAGUE TRADER
ANALYZE: AMZNafter all i notice on the chart my probability is the trend go up after test the strong line
🚨 Amazon Is On HIGH ALERT!!! 🚨 (AMZN)🤔 The big daddy of e-commerce looks like it could be at a tipping point!
MASSIVE ascending wedge! We are now getting the compression at the tip of the iceberg.
This pattern can show signs of extreme exhaustion.
What you will want to do is play the breakout of the wedge, almost like how I showed on spx500 before the dump.
2515 is current support that MUST HOLD! Good opportunity to short if it breaks that level.
2683 is an opportunity for long if it broke the top of the pattern, would need to be parabolic movement to breach.
Best of luck to you! 🎲🎲🎲
🥇MLT | MAJOR LEAGUE TRADER
