AMZN is stuck between a significant resistance zone at 340-348 and a support zone down at 312.
The stock is coming off of a nice rally that got it up into overbought territory. I had made this chart last week for a sell against the 340-348 and somehow I didn't publish it - it was a hectic week last week. Either way, AMZN is in a defined downtrend and this...
This online retailer topped aorund $407 after huge move from low $40s and after series of dissapointing earnings reports entered into down channel.
Yesterday, it failed to hold above previous high of the day at $330.88 and closed near lows. By chance there is 200 EMA at $330 which Amazon broke down with conviction in the beginning of April first time since April...
Today in premarket, AMZN touched the bottom of the gap at 316.41.
Since then it has brocken the hourly downtrend channel (blue).
AMZN is still trading within the yellow channel. Depending on how agressive its going to be, our first target is 280.00.
It seems too easy to pick on AMZN again here for a decine - so I might just sit this one out. Too many sells are coming up and most of them are holding ground. Either way, if you can just "follow" a methodology without questioning it - then this is a sell signal on a stop going under yesterday's low or any previous day low.
My own "trend indicator" (called...
Amazon posted a higher low on the 15 May 2014. Buy at the market price (305.0) with target objective on the median line (330.85). Close anyway by the 30 May 2014 if target is not reached.
Looks bearish on the LT time frames as it has just b/o to the downside of the intermediate trendline & also came down fast after the parabolic move to over 400.....looks like it could retest the 198 level which was the b/o level of the 4/12' uptrend....targets to the downside are tgt.#1=278 level which is the .618% Fib ret. level & tgt.#2=247 which is the .764%...
After four months of heavy selling
AMZN has tested the Kijun line on the
Ichimoku Monthly chart. Being heavily
shorted now any good news now will give
this company great lift as sellers will need to
cover their shorts
AMZN XA leg led to all time highs. B Leg retracement closed almost exactly at the 50% Fib level. the .886 D Leg was hit today creating a reversal bar on extremely high volume. There is also bullish momentum divergence seen on the RSI. This level has seen support 3 different times as seen on the chart here. Also, seeing as AMZN had been trading over $400 only a few...
Responding to requests to update the AMZN chart:
The point of maximum support is drawn at 267 and the range of support is 273-256.
Friday's action set a new 10-day downtrend in motion and any rally towards Friday's range tomorrow or the next day and we can have a low-risk short sale as compared to current prices. The range of trading has increased and the...
To far to fast.
1) AMZN is not on the 1*1 Gann line
2) Wave 5 on minor decline ready for ABC bounce
3) Divergence on RSI 3 times indicating three waves
4) Everyone is so bearish the world is ending.. time for a pullback.
5) Latest low right below 1*1 Gann line if price pulls back massive short covering bounce form 52-week low
Our original Long Term analysis on 9/10/2012 / stated " From a technical standpoint however, the chart is a fine example of a stock that is poised for another large jump in price, Long Term. As traders and investors we must trade the chart and not allow our opinions to beguile us into fighting the chart." Of course AMZN hit 408ish a profit of $150 ish from the...
