Currently trading at 3430, as market is bullish, ignoring all negative news. If amazon able to post good numbers. It will be super buy above 3555 for new life time high.
Hello, This is my first ever published Technical Analysis.
According to my analysis the price will go up.
We should take entry at 3262
The target should be at 3340
Stop Loss at 3234.
Note: This is just a Technical Analysis if by any chance my target doesn't become reality and you lose money then I will not be the liable person for your investment on any...
tgt and sl are indictated.
1st tgt can be 81 for safe traders but thats the least ir can go
90 and 95 are other targets
trail your stoploss using Fibonacci or pivots
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 .......
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...
***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
