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Amazonshort

AMZNLooking at Amazon on the monthly chart If you want to know what parabolic looks like, here is a great example. Internal indicators: * RSI heavily over bought and creating bearish divergence * W%R very over bought and embedded * Histogram has made a Lower Low that hasn't resolved itself yet and also creating bearish divergence * OBV is still up and healthy due to the amount of money being poured into this asset. * Many monthly gaps down in price that still are yet to be filled in * VPVR is extreme running on single ticks ie not a lot of volume was traded on the move up * Fib study done off the entire range My opinion: Just remember that the top still hasn't been put in yet, so this could still run higher. This is just a reminder that this asset is very over bought and people should be thinking twice about taking a long setups or investing in it long term. From the bottom of the range to the top AMZN has done approximately 18,000% (let that sink in) without a healthy retrace. We also have to take into consideration that AMZN has been in a range for 80% of its existence and has now been trending upwards for 20% of the time. (Investopedia) 80-20 Rule- The 80-20 rule says markets trend about 20% of the time and spends the other 80% grinding through trading ranges, pullbacks, and other counter-trend action that tests boundaries. Price rate of change rises in trends, attracting the trend trader and falls in trading ranges, attracting the swing trader. If you like what I do, drop a comment, tell me what you think and don't forget to like and subscribing. Thanks :) Also don't forget to "plan your trade and trade your plan"
NASDAQ:AMZNShort
by Cryptonite_trader
31
Why amazon jumped ?!Christmas is over, Kwanzaa is just beginning, Hanukkah is just past its midpoint, and retailers are beginning to take stock of their performance during the holiday season. So far, one of the big takeaways this year is that consumers rushed to e-commerce sites to lock down early and last-minute gifts. Between Nov. 1 and Christmas Eve, U.S. retail sales climbed 3.4% year over year, according to newly released data compiled by Mastercard (NYSE: MA) SpendingPulse. A breakdown shows that online shopping generated the majority of those gains, as e-commerce sales soared 18.8% during the period, compared to a 1.2% increase at brick-and-mortar stores, according to the report. Digital sales accounted for 14.6% of the total retail sales (a new all-time high). One of the biggest beneficiaries of that trend was no doubt Amazon.com (NASDAQ: AMZN), and its stock is up more than 4% on the news that shoppers flocked to its platform in record numbers this holiday season.
NASDAQ:AMZNEducation
by UnknownUnicorn4203295
Can AMZN price go down to $570?Hi traders / investors, We are talking about the stocks market. There are patterns, noise and randomness of course. US stocks market has a bullish bias. However, past performance is not necessarily indicative of future results. We are talking about a game of probabilities and even 1% probability should be considered seriously. So let's have a look at AMZN chart here. As we all know, AMZN price declined all the way down to $1307 on December 2018. $1307 is now a strong support. Meanwhile, it's a crucial zone for investors. If we see a drop below $1307, we can most likely see a decline all the way down to $507. I know it sounds like a conspiracy theory. But do you think there's 0% probability? This is not math but statistics. So there's no certainty but probability. Technical Analysis When we are talking about the technical analysis, what we are really doing is to analyse the past performance of the underlying. This gives us a clue what can happen in the future. There are tons of other factors like news, time, performance, momentum, fear, greed and etc. However, let's just have a look at the chart. As a technical trader, i only look at the charts. To me, news are in the charts. On 4th September 2018, Amazon reached ATH (all time high). 11th July 2019 is the confirmation of a range. Now AMZN is in the range. If you look closely, you can see an ascending and a descending trend lines. We call it triangle. They meet somewhere in the future. In this case, they meet in 2030. Wow, it is a wide range. What we all know is, AMZN price more than likely to test both ascending and descending trend lines. But we can not say when (can we?). As we know the range, why don't we just trade it? If the price goes above the descending trend line, we can short sell the stock (or buy some put options) and if it goes below the ascending trend line, we can long buy (or buy some call options). But in this particular case, if $1307 is broken, i would wait a little bit more. I will think that something is going wrong here. Conclusion I'm not saying that we are going down there. However, in case $1307 is broken, more than likely, AMZN to reach $570 level. Disclaimer: I'm not a professional trader or financial advisor. This is not financial advice. Trade safe, Atilla
NASDAQ:AMZN
by AtillaYurtseven
1
AMAZON - MARKET PSYCHOLOGY - BITCOIN 2017 RESEMBLANCE - CM101AMAZON - NASDAQ This relates as much to crypto as it does to stocks. Why? Because all follow similar (some may say the 'same') trajectory as it's as if it's run on same simulations by same individuals. Just look at Bitcoin 'bubble' 2017 - 2018. See any resemblance to Amazon and to be frank the whole stock, bond market? Looks awfully similar to me especially with mixed media reports lately. Did you notice how we had a week a everyone being super bullish on stocks and then suddenly we switched into mass bear predictions followed by balancing of bull, bear news? Why is that? Simple! When a person is confused or unsure on what he or she should do with their holding, what are they most likely to do? They are most likely to make a huge mistake, which is exactly what we have in front of us today! I might be early, but I'm not wrong!
NASDAQ:AMZN
by CryptoManiac101
5