AMAZON: AMZN This stock has just broken out above a restraining parallel that's always held Amazon back for the last 3 years. Today it gapped through it. It's super-bullish for Amazon stock holders and super bullish for all markets too in the near term.
We are long on the Amazon.
Targeting the near term resistance on the AMZN, at the 963 area.
AMZN in the near term is technically positive. We recommend an opportunistic buy with an entry below 944.76 with a primary target at 963.23.
As Amazon reaches for the stars in nearly every market it enters, entering this red hot stock without getting burned requires a bit of finesse even as Bezos cashes out nearly 1 billion dollars’ worth of stock. Entering into the summer doldrums, some pullback is expected before a year end run into holiday season as Amazon seeks to expand into Australia.
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Amazon, Facebook looking the best of the FANGS currently. Can AMZN break recent record highs in early 900's and push to 1000? Longer term correction support found at late 700's?
PLUG (Plugpower) Break out through resistance on large volume and news that Amazon is buying 600m of shares. Resistance line broken at 2.40 now acting as support.
To me Amazon is a clearly heading for new heights, as the Coppock curve ( Eclipse) has just turned positive, also so has the Aroon oscillator, showing a positive trend has emerged. This is supported by the Cyclic lines showing the positive stock trend is just one of many. The 50 moving average is providing support, and the stock recently broke out of the sending...
Amazon (AMZN) announced as a catalyst to the upside they'd be eliminating a non-profitable acquisition from 7 years ago. This gave the bulls a run due to the massive cash flows dumped back into acquiring and expansion of the company, and shows a shift in focus to producing hard earnings numbers down the road. This likely will drive price further up into the...
AMZN forming a potential head & shoulder. We would like to take the advantage from the top when it is forming the second shoulder, and a break of $844.33 will be a good entry point.
For trade we would consider $850 Apr/May-17 Puts, last traded for $23.75 & $38.02 respectively.
* Trade Criteria *
Date First Found- February 23, 2017
Pattern/Why- Potential head...
The stock charts that I have been looking at are usually the longer time frame charts (H4).
Let's do something different here and look at the shorter time frame trade. I spotted an Deep Gartley pattern completing on at the 0.886 XA at around $860.
Ideal would be that RSI goes into the overbought zone and starts to drop.
Rising wedge formation on the H1
If...
Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards :)
Aaron
