I'd recommend watching that top red trend line very closely if you're planning to hold AMZN. If the share price rejects it, the price will drop fast. We saw a correction similar to this earlier in the year. The blue arrow notes the point at which I believe we are in this correction. I'd shoot for the 50% fibo or even the blue monthly support trend line if I...
Strong uptrend since Feb. 2016. Already touched the support line at $707. MACD indicator oversold. Please leave your comments below and tell me what you see. DISCLAIMER: DO NOT PLACE ANY TRADE BASE ON MY PERSONAL ANALYSIS AND INSIGHTS. YOU WILL BE RESPONSIBLE FOR ANY FINANCIAL LOSS. ALL ANALYSIS DONE HERE ARE FOR EDUCATION ONLY.
It may be too late to jump in on this one, as the risk is about $20/share in option value if it turns against us.However, if you can stomach that kind of risk and have the capital, a .75 Delta ITM Put with 2-3 months of time value could win big. Today's slight rebound allows for an equivalent entry to the closing price from 11/10/2016. Trail your stop to the Red...
Excellent long demand to get into this stock.
GREAT LONG-TERM TECHNICAL PICTURE, SOME RECENT WEAKNESS - Long term uptrend took us to historical high on October 6, 2016 - Gentle uptrend over the past 6 months with a breakout late Sept. - Some short term weakness since the top, but still in breakout mode SOLID, PRICEY FUNDAMENTALS - Continues to impress the investment community - 87.5% of consensus has a buy...
Here is a weekly of AMZN. The chart is still bullish, but when the rising angle gets to 60 to 75 instead of the normal very bullish 45 degrees, the stock tend to adjust back to the norm. You can also view it as a rising wedge failure.
This is just my perspective. Bottom line, AMZN is bullish and is in a bullish trend, but on a few waves, needs a sideways / corrective cycle for a few months (distribution phase). Bullish to neutral.
a move below 775, takes it to 745 again
(amzn) crucial weekly chart analyze ! in our weekly chart (amzn )look very vulnerable. after piercing engulfing pattern we heading to close the week with "shooting star" that comes from (lh no'1). in our model it's create a cluster for short on a breakdown of 802.75 if so, 750/40 area will be seen fast. only breaching 843 to the upside in the next day negate...
Last week I shorted shares Amazon, Inc. (NASDAQ:AMZN) just hours before they reported earnings. I read significant stock chart signals that gave me a high probability signal they would miss earnings and the stock would plummet. I was right. I ended up scoring big on the trade. Many have emailed me asking where the stock is a buy? The answer is $690.00. Considering...