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Amazonsell

Will Amazon continue to slide?Amazon is making perfect parallel channel and we are looking if price breaks parallel channel, short position can be opened when daily close is below 1720 for a target of 1410. Another confirmation is to wait for bearish candle on daily right below channel. SL 1850 If price continues going down below 1410 it will complete double top formation. Price breakout below 1350 breaks neckline, and short positon can be opened when daily close is below 1350 for Target’s of 1210, 1010, 751.. Another confirmation is to look for volume surge around breakout of neckline. Do your own research and if this matching with mine then you are ready to go! Please, take a second and support my effort by hitting the "LIKE" button, that the only fee from You!
NASDAQ:AMZNShort
by AnkitSalgia
2
RECESSION is clear...The steady decline of Amazon is clear to see if you just open your eyes, but people don't want to do that as they are brainwashed!! A recession is coming, if you cant see it then you will loose everything! Simple as that really.. Look at the bigger picture and don't believe all the s#it you are fed by the government and big business owners.. of course they don't want you to really know what's going on so you don't panic and keep spending. The government only care about themselves, when the recession does hit do you think they are going to help you? or just leave you homeless on the streets? exactly! Fundamentals and technical analysis all point short.
NASDAQ:AMZNShort
by ApexFX_Pro
AMZN @ Daily @ Crucial Days until Christmas (year end 2016)AMZN lost -16,83% from it`s all-time by 847.21 (2016/10/16) until 710.10 (2016/11/14) Meanwhile the 2nd main upside trend broked also - with a GAP! And this GAP is also the 1st target to get back on a bullish track. I am slightly optimistic, but i want a visual evidence - want to see the shares even to trade between 789.49 & 815.43. Buying before is also an oppurtunity, `cause the downside trend, which even breaked the 2nd main upside trend was left behind while last wednesday trading day ... How ever, maybe i am too kosher !? But i want to see the share even trading out of the downside trend - even between the GAP, if it has to be ?! And from thi points of view, all in all, i am still pretty neutral - and would like go long much higher over next week, if even the broked downside trend holds ... Possible short-term target for bears are, in my opinion : 736.70 2nd leg of the w-wave 710.00 1st leg of the w-wave Possible short-term target for bulls are, in my opinion : 792.40 lower middle high of the w-wave & end of the extended downside trendline 843.09 start of the extended downside trendline For mid-term trendfollower traders the all-time high (847.21) could be a support line to get long - even like the alll-time high from last year by 696.44 (2016/12/29) for bears to get mid-term short once again ... Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
NASDAQ:AMZN
by Devise2Day