Amzntrade
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.
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I do not give entry and exit points.
I share with you my opinion and ideas, which may differ from yours.
AMZN technicaly based forecast
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I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support
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*Price action - FIBO - Candl pattern
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💡 AMZN technicaly based idea, technicaly indicators showing we can expect higher push up in price, we can see strong bulish candels formed, technicaly picture good, expecting to see push in price till FIBO 0.7 possible and break of 0.7 FIBO
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
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Amazon AMZN LongHi guys its Brian here with a long opportunity for Amazon AMZN.
Amazon was previously in a down trend but bounced off the previous resistance which became a strong support. The price is showing strong bullish momentum and possible profit targets could be 0.382 or 0.5 fib extension levels at 1923 or 2000 respectively.
www.brianchai.com
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AMZN (Amazon) D1 SignalAs you can see in the graph above there are some points that indicate that there is a great chance we will see fall again
1.We are currently in bearish channel
2.The RSI is in over buy that indicate fall soon
3. NASDAQ is showing weakness in recent days
Our recommend
Sell AMZN
Entry Price: 1643
Stop Loss: 1764
Take Profit: 1390
still long AMZN @ 15 min @ trading capability this 52nd week `16Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron