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
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
This is just for educational purpose. Trying to analysis some US top stocks. Enjoy Trading :)
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...
amazon buy this stock complete candlestick or macd or rsi postive range work
Amazon weekly TF chart.. Stage Analysis. Only for educational purposes, not a recommendation.
Short Amazon at 2986 Target - 2900 Sl - 40 Point There is a Trend revealing Parten in Amazon which can give his fuel to hit a low point. It looks like a trap
Its very important that the price remains within the parallel consolidation channel. The price should remain in the 2880-3550 consolidation range. As soon a monthly closing happens above or below this channel , we can expect a violent move in that side. Till then bid your time and watch out the VCP pattern playing out
200 week average at lower levels. 5 year average. around 50% retracement. Weekly RSI Oversold Retracement 50% and 61.8% could be opportunity for passive long term.
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.