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Amznshort

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!👌 More information in my Telegram channel! Thank you for your attention! Do not leave without like and comment, and if you liked my analytics sign up, and you will definitely not miss anything! Disclaimer! I do not give entry and exit points. I share with you my opinion and ideas, which may differ from yours.
NASDAQ:AMZN
by CryptoYanina
1
Amazon Earnings History vs. RSIAmazon has skyrocketed, taking the S&P with it. But what has Amazon done in the past in these overbought situations right before earnings? Every time the RSI has been at this level in the past couple years, the stock has corrected when the earnings came out. Granted, it has rallied back extremely well every time. I expect a dip this time for sure, especially considering the speed at which it has taken off. Historically, this is a pretty good bet to "buy the dip" if a correction does come. Short for now. Long after correction. No, I do not have a price target. The market inconsistencies make it nearly impossible to determine how people will react to any sort of news (ie 26m people unemployed, global oil crisis, S&P gaining like crazy).
NASDAQ:AMZNShort
by blakeparr
3
AMZNA game plan with patience helps with consistency! This still is playing out nicely and following my initial thoughts of seeing a 5 wave move down for an overall corrective wave 4 (blue “iv”) of the overall up move. Looking like today is a corrective wave (4) within leg c down of this pattern. Again, I don’t like trading retrace waves, as you can see the market can toss you around pretty good and if doing options, say bye-bye to premium (another reason why I trade further out in time). Still sticking to this game plan. I think we can still see a wave (5) down to the bigger demand zone around 2250. The primary demand zone, in green, is a gap fill zone but I’m not sure we will go that far as aligning with the fib levels, the 2250 area coincides right with the lesser degree wave 4 (#4 circled in white). With wave theory, corrections tend to retrace to a lesser degree wave 4. That aligns with fib retrace between .236 and .382 and ADDITIONALLY aligns with length of C down equal to 1x to 1.272x the length of A (yellow fib lines). Game Plan: should see micro a - b - c wave for white wave (4). From there, I’ll watch to see if it drops for wave (5). From there, will look for price action (the 1 - 2 wave out) to start for wave “v” up (in blue). .... please let me know if these are too long or if they are helpful! And feel free to ask or send me a message about anything, even if you completely disagree! Collaboration is always good!
NASDAQ:AMZN
by PT_Marche
AMZNThis is playing out pretty nice. We saw first down to demand and saw a bounce back up to the 786 retrace making a lower high (some confirmation of being in corrective phase). Now if that was wave (b), we should see 5 waves down for (c). Overall, a typical wave iii retrace is between .236 and .382 (my blue fib lines). These happen to be in somewhat good alignment with a typical a - b - c projection with c ending between 1x to 1.272x wave a. To add more alignment, we can see there are two good demand zones where all of these projections come together! I don’t like to trade retrace, but if you want to do a small risk I would look to enter a short as it looks like we are creating a wave 1 - 2 down. For me, I’ll be watching for completion of wave c down, specifically will look for a 1 - 2 wave base to build coming out of a demand zone indicating the beginning of a 5 wave impulse up for overall wave “v”.
NASDAQ:AMZN
by PT_Marche