NASDAQ:AMZN
FIRST PATTERN
BEARISH ABCD AMAZON CMP 1939.00 AT 04/07/19
PRZ IS 1962.75 TO 1963.25 T1 1928 T2 1917
SL 1975
SECOND PATTERN
BEARISH ABCD AMAZON CMP 1939.00 AT 04/07/19
PRZ IS 1966 TO 1969 T1 1907 T2 1876 T3 1856
SL 2020
The formation of a reversal on the day time frame. The Head and Shoulders Pattern + on the line graph for weekly reversal 1700$
1. Buy breakdown 1700$, stop 1,5%, TP1 1780$ (5%) and TP2 1990$ (18%)
2. Buy now 1680$, stop 1658 (1%), TP1 1780$ (6%) and TP2 1990$ (20%)
Impending down move from descending resistance ¼ angle may take the stock to a level of 1500 by the middle of December. If the resistance is crossed convincingly, we may see a level of 1866 and 1909 by mid January 2019.
As You Know AMZN Falling very fast and trying to reached on support level Around 1600.
then we have a great opportunity for long Buy Position Between 1600-1620 and take profit 2000.
Becoz As You know AMAZON is a Biggest and Fastest Growing Company in the World..
Let c .....
Stay Tuned.....!!
Learn Here , Earn EveryWhere
Expect the snail race is still on , it will likely move up as per forecast and then drop slowly , but one thing is for sure , Market is not ready to come down easy , That means its Going to Go up this year making new higher high
-Ascending triangle pattern.
-Stock broke above the resistance on huge volume (based on 1 min chart).
-Bollinger Band coiling up nicely. A rapid move higher may be on the cards.
-A close above 1,617 should see the stock soar.
Not an investment advice. Do your own due diligence.
Amazon.com, Inc. offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company's products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It also manufactures and sells electronic devices. The Company, through its subsidiary, Whole Foods Market, Inc., offers healthy and organic food and staples across its stores. The Company also offers a range of products like whole trade bananas, organic avocados, organic large brown eggs, organic responsibly-farmed salmon and tilapia, organic baby kale and baby lettuce, animal-welfare-rated 85% lean ground beef, creamy and crunchy almond butter, organic gala and fuji apples, organic rotisserie chicken.
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AMZN
