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
Was waiting to see if the blue curve holds in this project in order to decide to post these simulated projections that take into account potential pivot points, reversals, or zones for support/resistance and BREAKOUTS... in either direction, even though I am slightly bullish biased on this one.
I have this scenario in mind where this could find support...
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...
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...
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...
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,...
