We all know amazon going inside a pattern for past 3 months NOW PATTERN BROKE OUT AND IT START TO RETEST BACK LOOK INTO LOWER TIME FRAME FOR BEST ENTRY IN SELL SIDE THANK YOU IF YOU LIKE MY ANALYSIS LIKE SHARE AND COMMENT
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
amazon was in consolidation period but right now it is in bullish side. u can buy this stock right now for positional trade
If it breaks the important level of 3120 then one can make long entry.
Amazon 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
Amazon.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