$AMZN: Creating and Ascending Broadening Wedge it seems like.
Textbook setup, just have to see if monday we will get a bounce at the bottom or a proper breakdown, either way we can play the bounce to top trendline to the break of bottom trend.
Mixed flow overall.
$AMZN signaled an "oversold" reading in RSI last week after a steep pullback. Setting up a wedge breakout today.
Bounce phase looks to have begun... targets: $3400 to $3600 to fill that earnings gap down.
Good luck!
$AMZN signaled an "oversold" reading in RSI last week after a steep pullback. Setting up a wedge breakout today.
Bounce phase looks to have begun... targets: $3400 to $3600 to fill that earnings gap down.
Good luck! https://t.co/PnTYeycq7U
We’ve all been waiting patiently, and now it’s finally time.
Combine the Elliott Wave count, extremely bullish seasonality, confirmed breakout…
$AMZN is set to rip faces off and go absolutely vertical.
$AMZN below $185 is a steal now.
- 40% market share in US e-commerce.
- Third largest digital ad provider.
- Leader in cloud computing.
Mega-cap with the highest upside potential.
Amazon $AMZN owned IMDb today unveiled its top 10 Movies and TV shows of 2021 based on page views to IMDb $T $DIS $NFLX businesswire.com/news/home/2021…
From 2011-2021, a basket of 34 large-cap consumer stocks including $WMT $HD and $AMZN experienced swings of almost 3% in either direction between the day before Thanksgiving and the day after Cyber Monday.
That could be even higher this year due to varying investor expectations.
Today, there are only 4 companies that have a market cap > $1 Trillion. There were 7 in 2021.
$AAPL $MSFT $GOOG still in the club
$AMZN $TSLA $META have left
$NVDA, $AMD, $AMZN 1W charts:
- $NVDA $AMD See no problem with my Double bottom target around the Nov 2021 high.
- $AMZN could by buy bears argument for the time being, but note that when patterns invalidates we normaly see explosives moves (check $AMD Sep20-May21)
$NVDA, $AMD, $AMZN 1W charts:
- $NVDA $AMD See no problem with my Double bottom target around the Nov 2021 high.
- $AMZN could by buy bears argument for the time being, but note that when patterns invalidates we normaly see explosives moves (check $AMD Sep20-May21) https://t.co/0dCmMZnxRE
Everyone chasing chip stocks, and meanwhile $AMZN just chillin, setting up a hell of a breakout towards 200 coming soon. Like how it tested its monthly POC today at 180 and bounced nicely to close at highs. Prime Day in 6 weeks.. better scoop it up now while you can
Loving the weekly chart on $AMZN
From the 2021 double top highs to the Jan 2023 lows, the stock dropped over 55% and now wedging with MACD/RSI divergences.
First upside target: $120
Second target: $140
$AMZN... following a massive multi-year bull run, the stock pulled back a roughly 55% from 2021 highs. Weekly charts beginning to show hints of a bottom at it tests a thick layer of support.
$AMZN completely neglecting this run-up in overall stocks.
Over 15% divergence since July.
The stock broke a 4-year support and recently formed a death cross.
It's one the most important charts out there.
If this #1 market-darling goes, the business cycle is done.
Global VC funding in Q3 totaled $73B, up marginally QoQ, led by a surge in AI investments to more than $10B.
Q3’s total remained 15% lower YoY and more than 50% lower than Q3 2021’s total.
$AMZN $MSFT $NVDA $GOOG
$AMZN is up 55% this year.
This is just the beginning.
- Cloud growth is reaccelerating.
- Taking market share in digital ads.
- Expanding margins in e-commerce.
It is set to generate over $1 trillion e-commerce revenue and $460 billion cloud revenue in 2034.
MUST OWN STOCK.
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