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AMZD

AMZN's Cup and Handle forecasts bullish continuation LONGMZN on a daily chart is in the continuation phase of a cup and handle patter which started In August 2022. Of the Magnificent 7, it has performed better than the rest with the exception of NVDA. The cup and handle pattern suggests continuation to the price level of $ 200 which is similar to the all-time high with 5- 8% added for inflation ( July and November 2021 in the range of 187 ). On the reliability of a cup and handle pattern and that of a daily chart compared with a lower time frame I will take long positions in AMZN in both AMZU EFT shares and long dated call options for AMZN more or less ITM at $ 175.
NASDAQ:AMZNLong
by AwesomeAvani
AMZN in a triangle pattern LONGAMZN on the 15 minute time frame is in a relative symmetrical triangle pattern. A volume profile and intermediate term anchored VWAP are overlaid. They validate one another since the POC line and the mean anchored VWAP line up. Price is below both of them. My forecast is that price will rise and temporarily so sideways in the high volume and volatility zone of VWAP / POC and then ascend higher as that tug o war is finalized. My long target for now is 170.35 as the top boundary line of the high volume area of the VP. This is a good trade for shares on margin to get some juice into the trade. I will instead take call options for March 16th striking $ 172 for some leverage and beyond linear RIO. AMZN is good to go. Admittedly, this is an early bird trade. I see the risk as minimal.
NASDAQ:AMZNLong
by AwesomeAvani
Is the rest for AMZN short-lived LONGAMZN on the 60 minute chart since earnings shows the jump and the sideways consolidation after that. Here the RSI is superimposed on the chart within its own 0-100 scale. It is currently in what should be considered deep undervalued territory and at RSI support /demand. The William's Alligator set of moving averages shows MA compression and so convergence. AMZN's price is now in a tight range with volatility likewise compressed especially compared with that at earnings. In short price is coiled, the potential energy is ready to get converted to kinetic for those who have an understanding of classical physics. All that said, I see AMZN as ready to roll. I will take long trades in shares and options as AMZN is ready to hit the ground running.
NASDAQ:AMZNLong
by AwesomeAvani
AMZN Do Bearish Divergences Predict a Reversal? SHORTAMZN has ascended 15% in the past two months. As shown on the 4H chart, dynamic resistance has been the red lines designating two standard deviations above mean VWAPs are anchored in February and early May. The two indicators however suggest bearish divergence. The zero-lag has lower highs and lower lows on the K / D line excursions. The Chris Moody dual RSI shows the RSI on the blue daily time frame dropping and crossing under the black weekly time frame RSI. Fundamentally, according to the linked article AMZN typically drops 0.34% on Prime Day. Based on all of this, I am expecting a reversal. Upon confirmation, I will short Amazon in a possible Fibonacci style retracement.
NASDAQ:AMZNShort
by AwesomeAvani
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