This is a follow up to my $177 breakout call (click).
Nearing a significant resistance around $188.
Expecting a pullback but the market is strong.
At the least we should get some sideways action.
$ 187.49 - 188.98 is the immediate resistance of interest.
$ 197.94 - 199.63 is next major resistance and maybe top.
$ 181.95 - 182.39 is first good support that...
Amazon was trading Bearish for the whole of 2022 into January this year and now we finally turned Bullish on May 15 with a Break in Structure at $113. Our main focus was the Propulsion Block resting at $126 and at the same level we had a Search and Destroy Profile sweeping 143.98 (High) and 126.33 (Low) Our first target is $159 and we looking to make a re entry...
THE CURRENT PRICE IS HOVERING ARROUND A CRUCIAL LEVEL
SHORT TERM PRICE TARGET $177.19 TO $171.81
Which will dictate its future direction based on market conditions.
For Amazon stock, reaching its all-time high for the third time prompts speculation: will there be a pullback, or will it establish strong support around $177.19 (Support #1), potentially indicating...
Amazon has had an incredible run. It's moved from $118 to $188 since November 2023.
But now it looks like the momentum is starting to slow down.
We haven't got a confirmed signal but we see a slow down in buying and the market is at the bottom of the channel.
There is still a gap to close and for the this reason, I'm anticipating a fall in Amazon in the next...
AMZN got a perfect weekly topping candle, followed by a bearish engulfing candle (one more day to confirm)
Watch for a dip below the 150 level.
Im going to short it very soon, will post it live when I do
The current price is hovering around a crucial level, which will dictate its future direction based on market conditions.
For Amazon stock, reaching its all-time high for the third time prompts speculation: will there be a pullback, or will it establish strong support around $177.19 (Support #1), potentially indicating a 28% uptrend Breaking the recent record at...
Amazon has taken liquidity to the upside, we at Capital Wisdom see a necessary pullback to lower levels.
In our indicators NASDAQ:AMZN is HOLD , we have a big liquidity at $161.21, we have big selling pressure from the insiders, more than $ 8B in selling.
Overall
Company has healthy profit margins, considering the average of the sector
Company has...
In a recent move, Jeff Bezos, the CEO of Amazon, has sold $2 billion worth of Amazon stock, raising questions about the company's future trajectory. Bezos sold 12 million shares this week, marking his first sale since 2021. Additionally, Amazon revealed that Bezos plans to sell up to 50 million shares over the next 12 months.
This significant sale by Bezos,...
last time it bottomed out at this trend support was in June 2022, this pattern led to a rally from 101-146 (44.55%)
we are currently seeing the same pattern play out over a year later.. there are no guarantees in this market but a rally from 126.5 to 182 (roughly 44 % gain) may follow if we bounce here.🎯
definitely something to keep an eye on, boost and follow...
Hello Traders, Skyboxpips here!
We posted an analysis prior stating that AMAZON stock will be visting the $188 level.
Amazon stock price attempted to do a bullish breakthrough of the 188 level but was met with resistance from the sell pressure.
Short term Elliott Wave view in Amazon (AMZN) suggests the rally from 10.26.2023 low is unfolding as a 5 waves impulse. Up from 10.26.2023 low, wave (1) ended at 155.63 and pullback in wave (2) ended at 144.05. The stock extended higher in wave (3) which is proposed complete at 189.99 as the 1 hour chart below shows. Wave (4) pullback is currently in progress as a...
Hello Traders, Skyboxpips here!
We posted an analysis last week stating that Amazon stock will reach that $188 level. We are at that level awaiting a break and retest to the buy-side to carry forward the bullish trend momentum.
That 188 level is acting as a small resistance level
We have a bearish harmonic pattern on the Amazon chart. The pattern calls for a drop.
➖AMZN hit a new All-Time High recently but the week ended up closing red.
➖Seeing the long-term drop in trading volume and related markets, we can predict that soon this bullish sentiment that has been going for months will change.
➖It can happen that the pattern is not yet...
