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Amazonlong

AMAZON ($AMZN): Was it Bulls or Did the Bears Just Get Squeezed?✨ New charts every day ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- Amazon is the king of online sellers. Was this the bulls that brought us here on COVID-19 strength, or was this all just the bears getting squeezed? Revenue was up last quarter and they don't report again until the summer. Meanwhile, reports say shipping times are getting back to normal. Amazon might be at all time highs, but that doesn't mean it can't go higher. Resources: www.earningswhispers.com + time.com --- 1. Fractal Trend is showing an uptrend (Aqua bar color) on the 4 hour chart. Lets hope that was from buyers really looking for more continuation and not just COVID-19 bears getting squeezed in early April. 2. With this strategy, we we want to enter long on bullish order blocks plotted by Orderblock Mapping (Blue) and bullish S/R levels plotted by Directional Bias (Blue). 3. For the Bullish continuation, a pullback to R1 after its initial move higher would be the most ideal but not necessarily ensured as there will be large amount of momentum when we break out on the upside. 4. For the Sideways indecision, a small scalp from S1 to R1 is ideal since again we are trend traders so buying support in an uptrend is very much the path of most likely success. 5. Finally for the Bearish Correction preplanning an average entry at either of the S2/S3 ranges is looking great. Of course, this is assuming Fractal Trend is still showing an uptrend when we get to those ranges.
NASDAQ:AMZN
by AlphaBotSystem
AMZN, Amazon.com Inc. - Cup & HandleNASDAQ:AMZN We are getting closer and closer to the endurance breakout of this splendid Cup & Handle. Despite the speculations in which we think that sooner or later there is a big retracement in the market, our focus is always on researching the classic patterns of technical analysis, and our study of price action is never influenced by external informations or medias. We have the backtest that guides us in managing the position, and if we operate outside the parameters we studied, we would not replicate the results we expect. The key is to be a trader who operates in a totally mechanical, not emotional way.
NASDAQ:AMZNLong
by SwissTradingSchool
AMZN - Skys the limitAMZN, IMO - is the best company to have in your portfolio for a long-term hold. It's investment into one day shipping paid off, AWS is just getting stronger & more efficient, and advertising revenue still appears to be market penetrating and giving Amazons bottom line and financials a nice boost. Didn't want to put too much detail on the chart, other than a few indicators, because I'm curious to see how it trades tomorrow. Could be similar to TSLA - but expecting a small pullback before buyers start ramping up. Will be fun to watch Amazon continue to grow and venture into new markets and watch for more news on it's investment in RIVIAN. GLTA
NASDAQ:AMZNLong
by Slothcharts14