Currently, Amazon is in the buying zone, but if the red average indicated by the blue arrow is broken and we enter the green zone, the market will be in the selling phase.
Hopefully this is correct Wolf wave on Amzn though BO came at 120 still 155 is imp level to cross
Breakout and Breakout rester confirm on amazom which will take it to 164
Namaste! Amazon has corrected enough to look attractive to value investors. VI basically mean they will look for: 1. Low P/E ratio, 2. An long term up-trending stock (Amazon is that), 3. Fear in the markets, Etc. Investors like Warren Buffet doesn't buy when the market is at all time high and people think it will keep going up in a straight line. He and other...
As per my own analysis amazon stock is Buy and minimum target is 1:1 after you can use trailing Stoploss.
Amazon is anticipated to be in wave 5 of primary degree, nearing its conclusion. A potential decline from the current market price to the range of 115 - 100 is expected.
Amazon is near the end of a major rally cycle. We're currently in wave 5 of cycle degree, within wave 5 of primary degree. Anticipating a decline to a range of 90 - 70 once wave 5 of cycle degree is complete.
W pattern formation possibility. Do trade with SL and hedge .
Reason for long a) Mr.14 set up b) Mr.14 with bullish kicker and trying to close weekly high is really a super bullish signal for long c) Bullish kicker with high gap up is another sign for long d) Good risk reward zone as gap act as a good resistance e) Qtly results are good g) Super vwap breakout SL compulsory
As per the analysis, the symbol AMZN will come to marked level within 2-3 months
Cup with handle pattern is forming and Trend line is also showing the uptrend
Accumulation wyckoff bullish phase C except correction upto 112 cmp 125 once the bottom is confirmed will post further
Reason for long a) price engulfed near channel support area b) super trend support for long c) good risk reward zone d) trendline breakout e) SL compulsory
Stock has made a good demand zone and is bouncing back from there for Target 1 - 127 Target 2 - 140 Target 3 - Subject to Breakout above 147 SL - 100
Since past 13 year amzn is inside parallel channel. It has to importantly break out above HKEX:114 to stay above and touch HKEX:136 however this may be bit slow
AMAZON.COM Daily Candle Analysis daily candle looks that there is a good buying around 95 stop loss 90 for the target of 103 and 108 -------------------------------------------- in a long term chart its trading in a Down Trend so around 108 according to price action we can take short position