AMZ trade ideas
Amazon. Do we expect a new maximum?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%)
Short term bearish, intermediate term bullishImpending 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.
AMAZON Long Buy 1600-1620 and take Profit 2000As 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
Amazon Short - Highly Aggr TradeShorting with tiny stop loss which I think should get hit haha. Lets see, betting on r:R
Long Continuation 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
Great Setup in Amazon. $AMZN-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.
rsi divergence in amazonshort at cmp to 0.382 retracement likely on the back of a gross price momentum divergence
