Amazon.com Inc.: technical analysis
Scenario Timeframe Weekly Recommendation BUY STOP Entry Point 208.00 Take Profit 222.00 Stop Loss 203.00 Key Levels 186.00, 200.00, 205.00, 208.00, 222.00, 224.00, 240.00
Alternative scenario Recommendation SELL STOP Entry Point 201.00 Take Profit 186.00 Stop Loss 207.00 Key Levels 186.00, 200.00, 205.00, 208.00, 222.00, 224.00, 240.00
Shares of Amazon.com Inc., a leader in e-commerce, are trading at 205.00.
On the daily chart, the corrective trend is strengthening, within which the price is approaching the resistance line of the ascending channel with dynamic boundaries of 224.00–200.00.
On the four-hour chart, the current increase is a corrective wave within the range but consolidation above the high of November 14 at 215.00 will allow the quotes to reach the area of 224.00 and 240.00. Otherwise, a reversal and decline to the low of 196.00 will follow.
Technical indicators are holding the buy signal: the EMA oscillation range on the Alligator indicator is expanding, and the AO histogram is forming ascending bars in the positive zone.
Trading tips
Long positions may be opened after the price rises and consolidates above 208.00, with the target around 222.00. Stop loss — 203.00. Implementation period: 7 days or more.
Short positions may be opened after the price falls and consolidates below 201.00, with the target at 186.00. Stop loss — above 207.00.
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY STOP |
| Entry Point | 208.00 |
| Take Profit | 222.00 |
| Stop Loss | 203.00 |
| Key Levels | 186.00, 200.00, 205.00, 208.00, 222.00, 224.00, 240.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 201.00 |
| Take Profit | 186.00 |
| Stop Loss | 207.00 |
| Key Levels | 186.00, 200.00, 205.00, 208.00, 222.00, 224.00, 240.00 |
Shares of Amazon.com Inc., a leader in e-commerce, are trading at 205.00.
On the daily chart, the corrective trend is strengthening, within which the price is approaching the resistance line of the ascending channel with dynamic boundaries of 224.00–200.00.
On the four-hour chart, the current increase is a corrective wave within the range but consolidation above the high of November 14 at 215.00 will allow the quotes to reach the area of 224.00 and 240.00. Otherwise, a reversal and decline to the low of 196.00 will follow.
Technical indicators are holding the buy signal: the EMA oscillation range on the Alligator indicator is expanding, and the AO histogram is forming ascending bars in the positive zone.
Trading tips
Long positions may be opened after the price rises and consolidates above 208.00, with the target around 222.00. Stop loss — 203.00. Implementation period: 7 days or more.
Short positions may be opened after the price falls and consolidates below 201.00, with the target at 186.00. Stop loss — above 207.00.
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