$AMZN broke over a few key resistance levels last week, re-entering the lower boundary of it's long-term upward channel (green line), but moving averages all rolling over and it still faces some very strong resistance at $335. If it can't break through that level with any kind of conviction, that's where I'm buying puts. Notice, too, the sad-face indicator at the...
I am watching AMZN for a potential day trade long. Waiting for my particular setup to validate, I have projected significant support between 315.12 and 319.90 area. This coincides with a 38.2% measurement of the broader price structure. Since my outlook is very short term, fundamentals are not something I consider for this type of trade. Since this trade has not...
Price broke out of the Ichimoku Cloud on the daily chart & cloud is turning green on the 16th adding to the bullish factor. I will most likely add another long position here. Follow me on StockTwits: stocktwits.com
$AMZN made a strong bull bar yesterday, but 337.20 - 340.30 is challenging resistant. Breaking this will fly the chart to north, but bearish reversal formation will dive the price to 310/05 area.
#AMZN is nicely resisted at 340/35 area. this is good for Bearish. EW formation also nicely build. $300 area is nice support. NASDAQ have bearish candle signal, DOW meet physiological resistant @ 17,000. a lot of reason to go Bearish now. Only breaking $340, I will go for short term bullish on AMZN
There are 2 really good trades that can play out here. A bearish Cypher (Blue) and a bullish crab (yellow). Currently, price action is in close range of the cypher. If price action can make it's way between $352. 40 at 1.27 extension and $362.18 at .786 retracement kill zone, there is a high probability chance for a reversal. If the cypher plays out and price...
www.stocksetups.com