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Strongresistance

Even AMZN may struggle at 2021 HighsNASDAQ:AMZN rebounded off a gap up support level which implies that this is where fundamentals are likely to be. The stock's price shows resilience and no HFT interference for now, even after the Q1 earnings report after market yesterday. Amazon has more than just its retail consumer and small business products. It has AWS with AI integrated to help the small businesses that sell via AMZN. AMZN weekly chart shows that the highs of this month ran into the 2021 all-time highs. Note the negative divergence between the price trend and the Accumulation/Distribution indicator line, indicating a lack of buyers at that high. This resistance level is likely to take another quarter or more to overcome unless there is a big surprise. This goes for all companies, not just AMZN.
NASDAQ:AMZN
by MarthaStokesCMT-TechniTrader
EURAUD follow the trendHey there, OANDA:EURAUD Strong support & resistance zone ------- blue 1.61683 Support & resistance zone -------- orange Not strong like blue zone 1.59050 Market did break out from the BLUE zone but still consolidating in ORANGE zone We two trade ideas...... Firstly,,,,,,,,,=>wait for retest the blue zone and after confirmation, make a sell. Trade from there..... Second.....=>wait for for confirmation in orange zone, make a buy trade from there,,,,,,,,, Be happy 🤗 Follow the money management,
by LNY_Trader
4200: an important level to pay attention to - wider look at S&PMy main view on S&P500 is that we're in a main bearish trend, that has been fought by the bulls since October, 2022, when prices started going up. However, this insurgency has faced a good deal of resistance, resulting in unstable volume, and back and forth moves. Despite all of that, the secondary trend kept heading north. It can be summarized using technical analysis by drawing an incipient uptrend channel formed by this situation (orange dotted lines). This up move came with some factors that strengthened the movement: the breakout of the main bearish trend line; the breakout of the 200 simple moving average; a pullback to these indicators; and the continuation of the uptrend after the pullback. These are important movements and one cannot simply look the other way and ignore them. Now the prices are very close to approaching a new challenge, that is to overcome the resistance level at 4200. That, besides being a round number, was also the level of many previous bottoms and tops since more than a year ago (specifically since January, 2022). Not only that, but it was also the pivot point breakdown responsible for confirming the beginning of last year's bear market (this is indicated in the chart by the violet arrow path and the explosion emoji). All of this makes 4200 very representative for the current market, but it is also relevant for the current profit situation of many 2021 and 2022 accounts, since above this level such accounts would come back to breakeven, and that has the potential to re-inflate the euphoria between market participants that were waiting for such a moment. I am longing to see what is going to happen here around this resistance level. An up breakout would be the final signal the bulls are waiting for the trend reversion confirmation and a sound continuation of the incipient bull market trend. But this may not happen, and the strong resistance level could work out one more time, especially considering that we’re near the negative "sell in May and go away" seasonality. In that case, we could wait for the continuation of this sleepy congestion that has been happening, or maybe, with some more action involved, we could have the return of a roaring bear market.
SP:SPX
by thessia_
Strong Resistance for good Short opportunity on CPA.CPA is in a short term downtrend and is looking like it could possibly continue this downtrend. I have marked the key resistance points for the possible short swing opportunity. I think that there is strong resistance around the zone where I put the yellow box. If price follows the yellow path and breaks the now green support line to go bearish than there could be a good short swing opportunity and the now green resistance line can be used as a S/L on a short position.
NYSE:CPAShort
by giltorres7714
3
UDR approaching all-time-highs with tonnes of buying pressureUDR is extremely close to breaking its all-time-highs from February 2020. Not only that but it's been on an absolute tear for the past 7 months. That's 7 consecutive months it has been closing green. Taking a look at the volume coming in, it seems like it will break in the coming week. Not only is this setting up for a great trade, it's also a great long term hold. This REIT has proven to come out of a crash only to do even better than before. Final thoughts: * Strong up-trend with tonnes of volume * Approaching February 2020 all-time-highs * Great long term hold as REITs pay out generous dividends Trade Idea * This is a long term resistance so do wait for a confirmation of the breakout on the weekly time frame. A break and hold above $51.25 would be the signal. * A rejection from here could send UDR back to around $48.90. Which, given how well it's doing, would be a great entry point
NYSE:UDRLong
by HaseebKhan_90