We take a brief glimpse into our “When Fundamentals Meet Technicals” articles and where AMZN finds itself in the current macro environment.Follow along as our lead fundamental analyst, Lyn Alden, discusses Amazon’s valuation at the moment.How can technicals aid in identifying high probability setups for both a swing trade and for long-term investors?by Levi at StockWaves, produced with Avi GilburtWhen Fundamentals Meet TechnicalsTo some this may seem like oil and water or even vinegar and baking soda. If you’ve ever mixed the latter then you know the result. Purists from both sides will argue their case ad nauseam but with little results as far as convincing their “opponent” of their logic and reasoning.
Compare and contrast March 16 vs present time.This should help you with your process. Many names did textbook follow through and entering resistance/targets 👇3/16 Daily charts context: https://www.elliottwavetrader.net/trading-room/post/76703853/18 Weekly charts context: https://www.elliottwavetrader.
Sharing 6 very bullish setups that are beginning to accelerate and for you to do additional homework on (weekly timeframes):ADBE, AMZN, PYPL, REGN, SE, VRSN. All looking for minimum +15-20% upside. Enjoy 👇 https://www.elliottwavetrader.
Our recent setup in AMZN was a Fibonacci price cluster of support that was tested and held on 4/22. The zone included a symmetry projection, a .618 retracement and a 1.272 extension.Prior to earnings we already just about met target 2 at the 3519 area. No need to hold through the crapshoot of earnings. At this point we've seen a rally of 252.55 from the 4/22 low. Now we are closer to levels where we can anticipate a possible pullback.
I know im the lone wolf...here at 3480+
but there are a ton of A-B i-ii potential setups down right now.....
i could see a big down week this week...or next week....so i took some this friday and next friday puts in the indexes based on this tape read....and possible waterfall roll....
Zac posted AMZN earlier already, and I agree with him that one more pop can still be seen before it starts to fade. However, it looks much closer to another local top than setup for further sustained upside to me, so I actually lean a little more toward dropping from here as wave iv of 5 with the black fibs as target support.
Elliott Wave/StockWaves predicts AMZNtechnical difficulties on PrimeDay!!!
StockWaveswas looking for a fade as a "nano" ivthas AMZNcame into the next Fib resistance for nanoiii. Support 1780s for a vth of 5 of (3) up toward 1900.
Ok I had AMZNalready pretty done...but here is the same as GOOGL and how it would align over the next year as well....
also Note the LT circle 3 target is $1280 (LT chart below)
then the daily primary chart shows the path of how we get there.....
6 years ago
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