How to ride on a swing trade? One good strategy in price action is to use 21 EMA and ride on swing trades for short or long terms. 21-day EMA can be called as the Goldilocks of all moving averages. 5,8,13 can be too tight and 50,100,200 are too loose for looking at moving averages, hence 21 EMA can be considered as a powerful average. In this strategy 21 EMA LOW...
1 DAY CHART The cross channel trendline which acted as support previously was broken and the stock dipped. The price has reached the cross channel again which can now act as resistance for a few days. My view Short term- (Sell) it can drop down to support levels back at 3350. Support from both moving averages and trendlines. Long-term= (hold) as it is a Jan ce. It...
AMZN BOX JUMPER. pretty boring chart pattern. box and jump. box and.... recaptured averages...can she stay above and fill the gap...if so thats >10%. that gets her above the box. maybe a nice jump up to the next trading range. macd is your friend on the daily; weekly still a little behind -- paytience .......
AMAZON : ASCENDING CHANNEL TREND As Per Chart Pattern Price Can Hit 3900 Level soon and Stoploss 3250
AMZN was Testing this level since Sep 2020, which recently had a Breakout @3575 Level. The Pull Back is also Complete and the @3575 Levels are tested. This level was very strong Resistance for AMZN Price, which after breakout technically got converted into a Strong Support. Might Think of going long with Stops around @3500. Do follow for more trading setups...
Previously in the chart, 3488.66 level has acted as a resistance, the recent candle gave closing above that level and expecting a good upside movement. For short term/intraday can expect a 3552.25 level as a 1st target. Ignore the trade if the upcoming candle opens below 3488 level. It'll be a good trade if candle opens above the 3488 level and also can be bought...
Amazon Stock Consolidating for 300+ days. Huge breakout expected
Amazon has broken the trendline in 1D time frame. It has retested the levels and now is continuing the downtrend.
***Trade at your own risk** educational purpose only*** 1. Looking good on RSI 1hr structure and daily higher high if volume kicks in then it'll be a great 2. price should hold 3240-3250 range then it's a bull sign, SL 3220-3225 3. Target T1 - 3284, T2 - 3300-3332, T3 - 3360 in short term
AMZN provides a good R:R opportunity at this level, with a stop of 3085 and a target of 4000.
Amazon has form abc breaish pattern where b wave is triangle. It can come down up to 2580/2600 where c wave will equal to a wave
Stock is showing down moment but can take good support at 3140 level. It can go up easily 5-6% from this level.
Amazon AMZN Looking Bullish Go For Buy Trade. NOTE :- Nasdaq Composite Looking Bearish. on 04-12-2020
Amazon Inc. Looking Bullish on 01-12-2020 Go For Buy Trade