After hearing that Amazon broke record prices for it's stock, I decided to take a look at it's history to try and find out why.
A phenomenon that is repeatedly seen in Wyckoff is confluencing Point And Figure targets that give reliability to stepping stone ranges' TP projections. As you can see here, 2 accumulation ranges have similiar TP projections which gives me confidence in the stock's predicted 1125-1215 target range. The blue marking on each range is Phase C - the spring.
PnF settings were: HL data, 1 box size, 3 box reversal.
I will be buying this stock to this target.
At the target, I expect to see a large change in price behaviour (big decline or rally, most likely a decline), a large spike in volume and hopefully a markup channel retest.
Q.E.D.
Questions welcome.
A phenomenon that is repeatedly seen in Wyckoff is confluencing Point And Figure targets that give reliability to stepping stone ranges' TP projections. As you can see here, 2 accumulation ranges have similiar TP projections which gives me confidence in the stock's predicted 1125-1215 target range. The blue marking on each range is Phase C - the spring.
PnF settings were: HL data, 1 box size, 3 box reversal.
I will be buying this stock to this target.
At the target, I expect to see a large change in price behaviour (big decline or rally, most likely a decline), a large spike in volume and hopefully a markup channel retest.
Q.E.D.
Questions welcome.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.