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...
Traders, brace yourselves for an epic showdown with Amazon! 🌟📈
🔍 Critical Juncture:
We're witnessing a pivotal moment as Amazon stands at the summit of Olympus. The level at $188.11 has proven its mettle twice before. Will lightning strike thrice? The stakes have never been higher!
💡 Adventure in the Jungle:
Embark on a thrilling journey through the Amazonian...
Hello friends
In the Amazon share, we see a 5-wave uptrend, all of which have been completed.
There is a static resistance in the range of $188, and considering the divergence between waves 3 and 5, we can expect the price to drop.
Therefore, with the start of a downward trend and the loss limit of 190 dollars, you can enter the sale transaction.
The profit limit...
Amazon ( NASDAQ:AMZN ), the e-commerce giant, is undergoing a profound transformation as it embraces automation at an unprecedented scale. With over 750,000 robots now working alongside its human employees, the company is reshaping the future of work in its fulfillment centers.
This surge in automation comes as Amazon ( NASDAQ:AMZN ) seeks to optimize efficiency,...
The AMZN stock is still in the uptrend but has put up a number of patterns to sell.
Pattern:
Deep Crab on H4
Strong resistance at 187
H4 has a double top with divergence.
AMZN has negative divergence. The pattern is a rising wedge but the RSI has been sloping downward. With earnings near, this play could defy gravity. I’m viewing this set up as merely a squeeze. I’m going to wait until earnings, influences the direction and then ride pony in that direction.
Hello Traders, Skyboxpips here
Amazon has been in a bullish trend and is near the $188 level with great bullish momentum.
We can anticipate Amazon reacting to the $188 level by a false breakout then sell to the short-side or a break and retest to the buyside.
I
Dear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
Hello Traders and Investors, today I will take a look at Amazon.
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Explanation of my video analysis:
In 2020 Amazon stock created massive resistance roughly at the $180 level and started a major correction away from the resistance in 2022. As we are speaking Amazon stock is once again retesting this major resistance level and is therefore at a quite...
As of the most recent trading session, Amazon.com, Inc. (NASDAQ: AMZN) presents a compelling case for both bulls and bears, when dissecting the tapestry of technical indicators and chart patterns that have emerged.
Price Action and Candlestick Analysis:
Amazon's stock has recently formed a series of bullish candles, demonstrating resilience as it hovers above the...
Amazon is bullish on its 1D timeframe (RSI = 67.557, MACD = 2.990, ADX = 31.700) as it is unfolding a very stable uptrend supported by the 1D MA50. This is the second bullish wave of the Channel Up, that is the dominant long term pattern. The 1D MACD suggests that we are entering the final phase of this wave that is aiming for a HH at +78.73% from the HL. We are...
Weekly AMZN chart looks great, possibly a 55% upside in the next few months. I'll follow it for sure and a great time to invest and stock up on Amazon.
This analysis is based on the expectation that AMZN's last wave is an ending diagonal.
This analysis will not invalidated if price moved above 187.24 because currently wave 3 is the shorter than wave 1 and thus wave 5 cannot be longer than wave 3 (see green Fibonacci).
AMZN is breaking up for a +82% potential gain.
A clear Head and Shoulder (H&S) figure, seen on a weekly chart, shows a possible move from 146$ to 266$.
It should be good to wait to a bit to make sure that the breakup is better engaged. And, that is not case right now.
So, for now, we need just to place one alarm over this situation at 152.00 and another one...
Amazon continues its upward trend. At the resistance level of 162.5, if the price cannot break above 162.5, we may see the price retest the strong support zone 145-149 and if the price can hold above 145, expect further growth opportunities.
>>Thank you and GooD Luck 😊
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