AMAZON.COM INC

Hmm, I’ve got my contrarian hat on, as week AMZN seem to have closed with a pinball price action at 24-Jul. This could be a short-term profit taking for some bulls. However the Long term trend is Upward with Higher-High and Higher-Low’s. Resistance zone: $1030 - 1090 Support 1: $962 Support 2: $835-840 ATR: 40 2N: 80 ENTRY: 987 STOP: 1067 P1: 947 P2: 907

Chart showing BABA/AMZN over the last few years. BABA is breaking out from multi-year lows. I think this pair continues to perform as BABA's growth accelerates and Amazon gets beaten down with it's high valuation and reliance on the Western consumer.

Amazon Inc building up pressure on the Kagi chart once more to break out of top and to move further north and target the magic 1000 level, then possibly Fibonacci projection at 1300 in the medium term? Strong technical downside support at 850?

Amazon, Facebook looking the best of the FANGS currently. Can AMZN break recent record highs in early 900's and push to 1000? Longer term correction support found at late 700's?

To me Amazon is a clearly heading for new heights, as the Coppock curve ( Eclipse) has just turned positive, also so has the Aroon oscillator, showing a positive trend has emerged. This is supported by the Cyclic lines showing the positive stock trend is just one of many. The 50 moving average is providing support, and the stock recently broke out of the sending ...

Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards :) Aaron

Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron

Last week W1 candle closed above 10SMA. 50SMA show for us bullish trend as well. When open market good time to buy. Stop Loss 3% Take profit 6%.

Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron

Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron

On the 30 minute chart there's a small bullish cypher (blue) setting up which will lead on nicely to the bearish gartley set up just above (red). Set targets at 0.382 and 0.618 for both opportunities as they come into play. RSI is down in oversold territory looking to reverse.