AMZN - Head and Shoulder formation to play out to 116?
- Daily Chart ==> Still in a controlled buy channel with the formation of a cup; Handle to form next
- 30min Chart ==> Head and Shoulder could be forming with a break of neckline of 118/119 towards 116 as a target
- Note that it must break neckline of 118/119 first before it plays out; Else it remains in the controlled buy channel
- MA5 is still above MA20 and MA20 is coming up to support at 115/116
My Watch/Target
- Will the right shoulder form with a break of neckline of 118/119
- If it will go target of 116
- If above does play out, there is also a longer term Head and Shoulder with target of 105
- So I will leave my existing long puts and look to add when it reaches 116 or 105
Good luck, all!
@Deposit @melson @TigerStars @CaptainTiger @LMSunshine
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Thank you for providing the points although I’m not a big fan of AMZN.
amazon is not doing better than the other tech stocks tho
SPLIT has done its job for American 🇺🇸 Amzn. “SHORT FOREIGN” actors can’t make money at these price levels. No where to go but up!! Hold your shares. Big news is coming!!!
AMZN and Nasdaq hit a breakout Friday. This will fill the gap down from the 144.78 close last Aug 16
AMZN is a sell at this price. it is all overhyped and fake news from analysts.
Any truth to AMZN taking about offering free or low cost wirless?
AMZN getting ready to run! 🏃♂️ Oh, and big news is coming!!!!
After almost 30 years AMZN has 291 PE ratio. Clearly overpriced.