Long term Investment Idea for Amazon investement strategy
Amazon bullish view for long term investment. for long term Investment
Buy Amazon if dips to 78 Stoploss below 74.90 on closing basis. Positive divergence is clearly visible on 60 period RSI. Bullish wedge is also forming. Disc : Not an investment advise to buy or sell. Do your research
Amazon is the first company in history to have a 1 Trillion $ drawdown in market cap.
Description posted in chart amazon on critical monthly trendline support
: entry & exit is very important : try to manage money management : know your stop loss : find the chart pattern / analysis the chart before you enter
Reason for short a) Any rejection candle at 105 level is doulble resistance level with small sl for short b) Gap resistance also helps to move down c) SL compulsory only for intraday
On the monthly time frame stock is in a rising wedge pattern. It is also outperforming the market from the past few months.
Stock was near a major support. But it is falling continuously. It is forming a falling wedge pattern on the weekly chart. Because it broke a major support, we can see a short term bounce, but the overall trend seems to be bearish, until price breaks out of the wedge.
Relative performance. Note that NYSE FANG+ can be bought in India and is pledge-able, as MAFANG security / Mirae Asset NYSE FANG+ ETF Fund of Fund
: entry & exit is very important : try to manage money management : know your stop loss : find the chart pattern / analysis the chart before you enter
This is just for educational purpose. Trying to analysis some US top stocks. Enjoy Trading :)
: entry & exit is very important : try to manage money management : know your stop loss : find the chart pattern / analysis the chart before you enter
Trend line breakout with good volume Expecting Target upto 140
WHY BULLISH ? REASONS : 1 . A Long Consolidation And W Pattern ( Which Are Very Important In Terms Of Trend Decider ) Have A Breakout As Seen In The Graph Shared . 2 . Rsi Divergence Breakout Is Also Visible In The Graph . 3 . Best Part Is - As I Am Writing This Article - The Global Market Sentiment Has Gone Bullish - Right Now As I Write This - Global Market...