We got a FALSE BEAR FLAG pattern and this usually means a return to close to the beginning of the pole. If we add the FIB. levels, one can see that clearly we are undervalued right now, and a move back at a minimum $ 2,650 - 2,750 is possible. For now remain a BUY @ 2,050-2,150 and take profit @ 2,637 for now.
The weekly chart looks like we are ready to fly. The pattern and activity suggest we should be on BUY side, and likely we will see a move upwards of about $ 400, i.e. $ 2,650 is still my expected target. For that reason we BUY current $ 2,180 and take profit let's say $ 2,630 for now.
We reached $ 2,048 low and then we moved up sharply close to 2,200. Market s very short, and requires corrective action. I feel we buy on dips between 2,100-2,175 for now., unless you are aggressive in approach we buy current 2,180-2,200. Overall it feels we may correct back towards 2,650 over all.
It is quite overextended, and stochastic is showing we should turn the tide. The RSI is also very low support a case for a correction. The moon cycle has not changed as yet, but this is matter of time only. For now we buy current level and take profit around $ 2,575 coming weeks.
We got a strong buy signal really. We got the oversold status and also a DARK MOON soon as well. this is change of cycle, and likely we see a move back to 2,650. For now buy 2,100-2,175 and take profit 2,575.
Looking at daily chart we got an inverted false bear flag, and this means we should she return towards pole. the stochastic is very low as well and feels we will turn the corner again upwards. For now BY current $ 2,290-2,300 for a move back towards 2,650-2,750.
Not financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
There is still some selling pressure, but feel we are near or at bottom. The indicator suggests we are turning less negative and this means selling pressure is changing and reducing. For now, strategy BUY $ 2,400 area (take your level of comfort) and take profit @ 2,850 for now. We might add below $ 2,150.
This was a sharp move lower on earnings. This means there will be selling pressure, but careful buying opportunity exist. Strategy BUY @ 2,375-2,400 and place profit order @ 2,890 for now. Stop-loss is required as the market is not completely overextended, and I suggest perhaps @ 2,150 (financial stop) for now.
I feel we may see lower first. The MACD is negative and likely it will attract $ 2,750-2,760 area before we see a correction back to $ 3,150. For now I suggest we buy below $ 2,800 and place a stop-loss below $ 2,600. The profit order somewhere $ 3,075-3,125 for now.
Amazon Short Term - We look to Buy at 3200 (stop at 3080) Preferred trade is to buy on dips. 20 1day EMA is at 3161. The bias is still for higher levels and we look for any dips to be limited. Previous support located at 3200. Our profit targets will be 3539 and 3751 Resistance: 3500 / 3700 / 4000 Support: 3200 / 3000 / 2700 Disclaimer – Saxo Bank...
If you haven`t bought the June 2020 dip here: Than you should know that on 2/4/2022, Doug Anmuth from JPMorgan Chase & Co. Boosted the Price Target of AMZN to Overweight from $4,350 to $4,500 I think they included a stock split on their so bullish approach though. Looking forward to read your opinion about it.
If you haven`t bought the dip: Then you should know that AMZN is the only giant who hasn`t made a stock split yet. Alphabet Inc. announced a 20-to-1 Stock Split yesterday. And you all know how appealing were Apple , Tesla and Nvidia for retail investors after the stock splits! My short term price target is $3150. Looking forward to read your opinion about it.
This should be an interesting trade for this week. AMZN Amazon stock is now oversold at recently touched its June 2020 level. I think a bounce is most likely to the $3060 resistance level. Looking forward to read your opinion about this.
Random drawings on a chart. $amzn over the last ~18 months; The goal is to catch the bounce and exit before the crowd does. It seems to "normally" take 15-45 days from the bounce to the middle of the channel. The yellow trend lines mark the areas in which I'd step out of the position and take profits. If there's any large catalyst, like a split (fingers...
Will $AMZN repeat its last pump? Lets take a look.... What we know from the last pump... Clear Bullish RSI Divergence Clear longer term upwards squeezing 19 Month Consolidation How are we currently looking? Right now we have great upward squeeze happening. $AMZN has been consolidating for the past 17 months. Along with this a very common Bullish pattern...
Welcome to our Weekly V2-Trade Setup ( AMZN ) ! - 4 HOUR Market turning, good long setup! DAILY Looking for more bullish pa within the next few weeks. WEEKLY Great market structure! - STOCK SETUP BUY AMZN ENTRY LEVEL @ 3412.83 SL @ 3235.02 TP @ Open Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or...
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