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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Amazon weekly chart analysis indicates an overbought condition at significant resistance.
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of...
Anthropic AI is an American artificial intelligence (AI) safety and research company founded in 2 here in Scotts Valley, California! They focus on developing safe and beneficial AI systems. Here's a breakdown of some key points about Anthropic AI:
Mission:
Their primary goal is to ensure that advancements in Artificial Intelligence are directed towards...
Amazon is finally catching up to its brethren.
It is currently testing a key level at 177.04/05
IF a correction is near, THIS could be the start.
$ 177.04 - 177.05 tight fib confluence is the key.
$ 170.83 - 171.71 is the first good support below.
$ 187.49 - 188.98 is next major resistance above.
I do think that the bull momentum will continue.
Break and Retest...
Amazon's foray into the realm of artificial intelligence has reached unprecedented heights with its monumental investment in Anthropic, a San Francisco-based startup pioneering generative AI technology. With a staggering $2.75 billion injection, Amazon ( NASDAQ:AMZN ) solidifies its commitment to staying ahead in the AI arms race, marking its largest venture...
✅AMAZON will soon retest a key resistance level of 188.92$
So I think that the pair will make a pullback
And go down to retest the demand level below at 174.16$
SHORT🔥
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When we look at the chart of the Amazon stock, two things stand out: the clear upward trend and the noticeable hidden bullish divergence in the VOLD indicator. The latter indicates that despite significant efforts, the bears are unable to push the price down. In a clear and long-established upward trend, this suggests further rising prices.
The presented trading...
An inside bar is a two- candlestick pattern used in technical analysis to identify potential breakouts or reversals in the price of a security.
The first candlestick, called the "mother bar," is any sized candlestick. The second candlestick, called the "inside bar," is entirely contained within the high and low of the mother bar. This means that the inside bar's...
Price broke above the neckline recenlty with a retest. Earnings this week. Resistance around the 155 to 160 range. Upside target is close to 200. I like long term calls to manage risk.
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...
Amazon just confirmed a bullish breakout on the identified minor resistance level created with the consolidation zone. Expecting a move back up towards the previous high created.
For Amazon, we're currently at a critical juncture with two potential scenarios:
Scenario 1 - Uptrend: This scenario suggests that Amazon has completed a five-wave cycle, finishing Wave I in September 2020, and concluded the corrective phase (Wave II) by December 2022. If this is the case, we're now in Wave III, indicated by a five-wave impulse upwards,...
