Geopolitical tensions in The Ukraine and Iraq have lead to a rally of $22 (about %1.5). Currently, a flag formation appears to be forming at around $1309.7. For the short term, $1319.8 can be seen as a resistance and a target. If this resistance is broken $1327 can be a potential. Also look at for a break under the support like of $1302.3 in the potential ease of...
From a technical perspective the $230.65 resistance is a critical area for the upward break and any dip under $217.56 support should be watched as a change in momentum... In the medium-term Elliott Wave Cycle and the Fibonacci Retractment suggest that $244.73 can be seen as a Target with a stop loss at $217.56... Any comments or suggestions would be much appreciated...
Amazon has been performing below investors expectations for the past few quarters and the investor sentiment is starting to turn sour as expectations are not being met in time. From a technical aspect the Descending Triangle is proving a trading opportunity with a INITIAL TARGET of $313.91, the Elliott Wave formation also supports this trend. UPWARD BREAK @...
Watch out for earnings on the 20th of AUG.... if its a positive outcome long term trend set to continue.... Initial target $37.23 and in the long-term $40.60... stop-loss at $34.34 just incase... RISK/REWARD @ 4.48
Flag formation and Elliott Wave formation 5th Wave pattern support target price of $99.43.... watch out for the break at $97.39.... Anybody any comments?