AMZN trade ideas
AMZN 1 Year Old Resistance Broken and Pullback Level TestedAMZN 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.
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Amazon.com, Inc. viewPreviously 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 at 3488 level if visit this level (from above).
THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT.
Amazon Stock Consolidating for 300+ days. Huge breakout expectedAmazon Stock Consolidating for 300+ days. Huge breakout expected
AMAZON Break and retest the trendlineAmazon has broken the trendline in 1D time frame. It has retested the levels and now is continuing the downtrend.
Amazon a new high again in coming days!***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
Amazon 4k?AMZN provides a good R:R opportunity at this level, with a stop of 3085 and a target of 4000.
amazon is in bearish abc patternAmazon 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
Support at price of 3140 and then may go upStock is showing down moment but can take good support at 3140 level. It can go up easily 5-6% from this level.
Amazon AMZN Analysis :- 04-12-2020Amazon AMZN Looking Bullish Go For Buy Trade.
NOTE :- Nasdaq Composite Looking Bearish. on 04-12-2020
Amazon on bullish side .amazon was in consolidation period but right now it is in bullish side. u can buy this stock right now for positional trade
Bullish crossoverAmazon have strong support zone in 3000 level which looks can't be break now
it can be buy if its break resistance zone which is I draw in green dark line
if its break that green line and cross above then it can be buy with sl of 2874, and target is 3185, 3258, 3361
Bullish crossoverAmazon.com make bullish crossover and now its break its strong support and resistance zone
it can be buy in current level with sl of 3123 and target 3262, 3293, 3334
AMZN | Trendline Break | Daily Analysis go short guys
trendline break with huge volume
target & stoploss is mentioned above
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