AMZN remains bearish. We expect the price to either have a small bounce and get rejected at the resistance or further price drop without the bounce next days. The trend overall is bearish Short entry: at the resistance as shown in the chart Target: $84 - $93
Today, after the market closed, Amazon released its Q3 earnings and revenue, as well as other financials. It outperformed earnings per share by a significant margin, so why did Amazon drop 14% in after-hours trading? Well, the answer lies in a few things which I will cover today. 1. Amazon Web Services (Includes cloud computing, a major component of Amazon's...
Targets are mentioned above on the chart lets see where thing will be going in future
Order SELL AMZN NASDAQ.NMS Stop 119.39 LMT 119.39 will be automatically canceled at 20230401 01:00:00 EST AMZN daily bearish hammer wave 5 downtrend at MA 100. Stop loss above 68% Fibonacci retracement of wave 4, take profit to the bottom of support area.
Sell Stop 110.75 LMT 110.75 GTC Buy Limit 102.66 GTC Buy Stop 116.93 GTC AMZN daily indecision candle second in a row if we break lower can run into monthly support
Looking for a short opportunity in the coming month. Only if it stays in the range and down trend that I'm predicting. -2% stop. +10% TP.
Amazon - 30D expiry - We look to Sell at 124.94 (stop at 130.11) A bearish Head and Shoulders is forming. Selling continued from the 50% pullback level of 123.92. Bespoke resistance is located at 125.00. Resistance could prove difficult to breakdown. Daily signals are bearish. 128.99 has been pivotal. Our profit targets will be 113.22 and 109.22...
$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.
Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We...
Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We...
Last week I posted about a bearish wedge on $AMZN, Friday confirmed the break in the up trend. With many catalysts (headwinds) over the next couple days, this will be an interesting one to watch. Positions: 105p Nov., 105p Dec.
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!
1. AMZN has a Head & Shoulder on the Daily. The dashed line touches the two shoulders. 2. There is a sell signal on the SSL Channel for Daily. 3. It is also approaching a downward trend-line and is almost forming a double top (last 3 daily candles). All of these point to more downward movement in the coming days. In case it gets rejected here, then the first...
Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We...
Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We...