Amazon - Catch The Parabolic Rally Now!

19 Feb

Amazon (AMZN) will start the parabolic rally:



Click chart above to see the detailed analysis👆🏻

Just a couple of months ago, we finally saw the expected all time high breakout on Amazon. Following the overall governing rising channel pattern, I simply do expect the acceleration of the current rally, the creation of a parabolic rally, but maybe we will see a bullish retest first.

Levels to watch: $180, $400

Keep your long term vision,
Philip (BasicTrading)

28 Feb

Dagangan aktif

Trading update on Amazon (AMZN):



Click chart above to see the detailed analysis👆🏻

Seems like Amazon is slowly approaching the major previous all time high resistance which is now about to act as an extremely strong support level. We still need a little more bearish pressure first but then the sky is the limit after the successful break and retest.

Levels to watch: $180, $400

Keep your long term vision,
Philip (BasicTrading)

7 Mac

Dagangan ditutup: sasaran tercapai

Trading update on Amazon (AMZN):



Click chart above to see the detailed analysis👆🏻

All we need right now is another dip of about -10% and then Amazon is approaching a massive previous horizontal structure which is now acting as support. Just keep in mind that it's difficult to catch a falling knife so we have to wait for pressure to cool down first.

Levels to watch: $180, $400

Keep your long term vision,
Philip (BasicTrading)