$AMZN | WEEKLY WATCHLIST 10/18Anticipating Amazon to find a local top around the $3420 area and pullback into the indicated buy box. That's where I'll look to ideally go long. However, it's important to note that Amazon had an extremely strong bullish weekly candle last week, so we must take that into account going into this week.
If $3434 breaks with volume, I will take it long looking for $3450, $3500 targets immediately.
Amazon
AMZN, Trade and trend [13OCT2021]Signal was cautious, I stayed out of it. Turns out it was a good idea, It was hard to generate alpha with this (at least for me).
Signal says weak bearish. but I will not short it
PS. Each box span a day, and the code gives short term and long term trends as shown. the trend is shown with the color of the box. The range is calculated on a daily basis.
If you want similar ranges and trends on your ticker, feel free to contact me, I will add them to my list and provide them when the signal is interesting (for free of course)
Redd
Bullish perspective on AMZN + Explanation and Setup.Today, we will speak about AMZN.
a) Currently, it is correcting the edge of the broken range.
b) We can see this type of behavior in the previous range from September 2018 until April 2020
c) To develop this setup, we asked this simple question: How many times can I prove that what I'm trying to trade right now has been proven as an effective system.
d) To answer that, we used the beautiful logarithmic chart to check ALL the situations since inception where the price has been consolidating for more than 300 days. What we can see is that this is a setup we must take based on past performance. Even if we have a stop loss, we will be executing the same setup again.
e) The parameters we are using on the setup are the ones you can see on the chart. The expected time for resolution of this may go between 170 to 250 days.
f) We will be risking 2% of our capital on a setup like this, aiming to make AT LEAST 4%.
g) We have seen in the past that once a trade like this is executed and the price starts going in our favor, it's smart to keep them open. That way, we can reach higher Risk to Reward Ratios.
Thanks for reading. If you have any doubts or want to share your view in the comments, feel free to do it. We read them all. Thanks.
$AMZN testing support, lower high signals dip or trend change?1.6 trillion Amazon is currently in a support testing process. With only a sub 4 price to sales while growing revenue 20 ish percent a year, Amazon could continue its uptrend or simply correct in time. Historically Amazons Price to sales could go lower and be normal for its long term trend. However, the lower high and the multiple threats to support at 3200 could be signaling a desire to take profits by investors.
AMAZON - Let's Fly ✈️-Amazon, one-stop for U.S consumers when it comes to online shopping.
-No need to talk about the amazing financials that Amazon has and the future potential of the e-commerce market is obvious.
-What's more exciting is the newest game launch from Amazon; The New World.
-Amazon is known to hop on every trending industry/sector that potentially brings in more profits for the company. We all saw how the Sea LTD added value to itself with the Free Fire. Now the company almost depends on Free Fire mainly for profits.
-With Amazon, we have the same potential! If they launch a game that can get the gamer's attention, we can expect a tremendous rise in the stock price.
AMAZON INC Head And Shoulders! Sell!
Hello,Traders!
AMAZON INC has formed a H&S pattern
Which makes me bearish on the stock
And the price is about to retest the neckline
Thus, IF we see a breakout of the neckline
I am expecting bearish continuation
Towards the support line below
Sell!
Like, comment and subscribe to boost your trading!
See other ideas below too!
AMAZON distribution schematics!Hello my beauties.
I see a distribution schematic travelling towards completion on amazon.
If the prediction is right, the price will quickly move towards the bottom of the range, and give us a couple of LPSYs (last points of supply) before marking down.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX