Amazon Inc.(AMZN:NASDAQ) Elliott Wave Technical Analysis 5 December 23

TradingLounge
2023-12-05

Amazon Inc., Elliott Wave Technical Analysis

Amazon Inc., (AMZN:NASDAQ): 4h Chart 5 December 23

AMZN Stock Market Analysis: Looking for a top in wave (i) in place as we have taken out the previous top. The more conservative alternate is that wave {v} is in place and we are due wave 4.  

AMZN Elliott Wave Count: Wave (ii) of {v}.  

AMZN Technical Indicators: Below 20EMA  

AMZN Trading Strategy: Looking for longs once the wave (i) top gets taken out.  

TradingLounge Analyst: Alessio Barretta

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Amazon Inc., AMZN: 1-hour Chart, 5 December 23

Amazon Inc., Elliott Wave Technical Analysis AMZN Stock Market Analysis: Looking for a three wave move into wave a and we are now looking for a pullback in wave b. Ideally we will get support between 138$.  

AMZN Elliott Wave count:  Wave b of (ii). s

AMZN Technical Indicators: Between 20 and 200EMA.

AMZN Trading Strategy: Looking for longs once the wave (i) top gets taken out.

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Comments

  • chimey
    2023-12-07
    chimey

    Let’s see if AMZN can bring any surprises

  • dimzy
    2023-12-07
    dimzy

    If it goes down, I will add to my AMZN position

  • zippyzo
    2023-12-07
    zippyzo

    To be honest, I think it is about to undergo a correction.

  • wavyloo
    2023-12-07
    wavyloo

    I still have confidence in AMZN’s future performance

  • twinkle5
    2023-12-07
    twinkle5

    Below the 20EMA is a noteworthy signal

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