📈 What’s up investors! 📉 Welcome back to another one of 💡“Mike’s Ideas”.💡 I post as I find signals… these signals are based on the personal rules I have built and follow in order to make up what I call the “SST Strategy”. Follow for more ideas in the future!! I have 4 levels marked and colour coded on the Chart. These levels are: ⚪ White = Entry Point 🔴 Red =...
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.
If you haven`t sold Amazon`s slowest growth since 2001, with EPS far below analyst predictions: Then you should know that a technical rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold. In this case, the Relative Strength Index momentum indicator of AMZN is close to oversold level. Even though i...
Amazon - 30d expiry - We look to Buy at 103.11 (stop at 97.97) 101.26 has been pivotal. 101.43 has been pivotal. We look to buy dips. We look for a temporary move lower. Early pessimism is likely to lead to losses although extended attempts lower are expected to fail. Support is located at 102.00 and should stem dips to this area. Our profit targets will...
If you haven`t played the technical rebound here: Then you should know that looking at the AMZN Amazon options chain, i would buy the $129 strike price Calls with 2022-11-25 expiration date for about $2.83 premium. Looking forward to read your opinion about it.
Targets are mentioned above on the chart lets see where thing will be going in future
$AMZN printed when it broke out of the rising wedge with a $25 move! it filled the gap and came back to retest the TP1/Support area, and proceeded to head to TP3. We are playing the next leg down and holding on to the position even more if it breaks TP4 with strong momentum!
AMZN Hrly short Shortstop @ 127.19 TP #1 @ 125.78 85% wr TP #2 @ 123.34 58.21% wr SL @ Swing high 136.39 2.99% hr All trades come from a technical program, see past trades for results. More trades like this on Bifrost Trades.
Amazon Short Term We look to Buy at 125.43 (stop at 118.42) Preferred trade is to buy on dips. Short term bias is bullish. 50 1day MA is at 125.00. Further upside is expected although we prefer to set longs at our bespoke support levels at 125.00, resulting in improved risk/reward. Our profit targets will be 144.72 and 157.53 Resistance: 146.00 / 170.00...
AMAZON is coming out of a small rising wedge; we can see a retracement of the 20% push up, go fill the gap around the $123 area. Then there will probably be a bullish confirmation to continue the push up to fill the gap area around $164
If AMZN can sustain the gap below this next week, this can be an island reversal. These kind of setups are really powerful, can be strong reversals. Can try AUG 5 140C above 137.70 for gap fill.
Amazon Short Term We look to Sell at 125.79 (stop at 132.33) Preferred trade is to sell into rallies. Previous resistance located at 126.00. There is scope for mild buying at the open but gains should be limited. Posted a Bullish Outside candle on the Daily chart. Our profit targets will be 103.03 and 91.98 Resistance: 125.00 / 138.00 / 150.00 Support:...
Market has been ripping hard lately, a classic bear market rally. Going back to almost the start of the month a bearish wedge has developed. Holding 105p for November and 122p expiry tomorrow. GL HF!
Nice recovery here on AMZN over the last few trading days. With a quintuple bottom here, this could poise for a breakout from the down channel especially after the 30%+ decrease in share value. Add to the mix inverted 2 & 10 yr bond rates, commodities dropping, inflation fears, and reduced consumer spending.....My opinion is it continues on a down trend until low $90s.
Amazon Short Term We look to Buy at 105.87 (stop at 100.99) Preferred trade is to buy on dips. The reaction higher is positive and highlights a clear reversal. Previous support located at 100.00. Risk/reward is ample to call a buy trade. Our profit targets will be 116.09 and 125.19 Resistance: 129.00 / 135.00 / 170.00 Support: 100.00 / 85.00 / 67.27 ...
Amazon Short Term - We look to Sell at 136.62 (stop at 146.49) Preferred trade is to sell into rallies. Previous support, now becomes resistance at 137.00. There is scope for mild buying at the open but gains should be limited. The 50% Fibonacci retracement is located at 136.05 from 170.83 to 101.26. Our profit targets will be 102.56 and 91.98...
Following the same trend and momentum patterns of the SPY and QQQ ideas I posted earlier today. I see another consolidation phase after a sharp initial continuation of this incline. The stock split should help generate retail momentum additionally. Not trading advice.
If you haven`t sold Amazon.com, Inc. (AMZN) at $2891, when you saw the slowest growth since 2001: Then you should know that the 51.89 Price per Earnings ratio is still high compared for example to BABA, Alibaba, who has the same business model, but a P/E of 23.39 - which is still high, btw. Should be around 18 in my opinion. So my price target for AMZN is...