From ET's in house option guru of course....@vanzandt Almost nailed the AH move mate... how did you learn that?
Marsman
OK.... maybe from the Aussie.
Gonna have to quit talkin' to ya though...
Trumpy banning Australian's tomorrow.
AMZN
- Thread starter vanzandt
- Start date
Marsman
OK.... maybe from the Aussie.
Gonna have to quit talkin' to ya though...
Trumpy banning Australian's tomorrow.
From ET's in house option guru of course....
Marsman
OK.... maybe from the Aussie.
Gonna have to quit talkin' to ya though...
Trumpy banning Australian's tomorrow.
But I'm not Muslim... !!!! He might just do that though... just because he can!
Noticed this commentary from Stockcharts.com this morning ...for all you AMZN fans!
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Next up is Amazon.com (AMZN). While many stocks in the NASDAQ 100 have been breaking to new highs regularly, AMZN is quietly awaiting its turn while consolidating in a very bullish inverse head & shoulders pattern. The measurement of this pattern is 135 points - measured from the neckline to the bottom of the inverse head. Here's the chart:
The key ingredients are all there. AMZN has a prior uptrend in place, which is necessary for a continuation pattern. The consolidation has taken place over four months after AMZN topped in early October. Since that time, the NASDAQ 100 has risen approximately 7-8%, leaving AMZN to underperform. But a heavy volume breakout to this inverse head & shoulders pattern would change that - in my opinion. The measurement of 135 points would be added to the breakout level of 845 to establish a projected target on AMZN of 980. This would represent another 15% return from current prices and I wouldn't be surprised to see that target reached in a fairly short 3-6 month time frame.
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Next up is Amazon.com (AMZN). While many stocks in the NASDAQ 100 have been breaking to new highs regularly, AMZN is quietly awaiting its turn while consolidating in a very bullish inverse head & shoulders pattern. The measurement of this pattern is 135 points - measured from the neckline to the bottom of the inverse head. Here's the chart:
The key ingredients are all there. AMZN has a prior uptrend in place, which is necessary for a continuation pattern. The consolidation has taken place over four months after AMZN topped in early October. Since that time, the NASDAQ 100 has risen approximately 7-8%, leaving AMZN to underperform. But a heavy volume breakout to this inverse head & shoulders pattern would change that - in my opinion. The measurement of 135 points would be added to the breakout level of 845 to establish a projected target on AMZN of 980. This would represent another 15% return from current prices and I wouldn't be surprised to see that target reached in a fairly short 3-6 month time frame.
L
lovethetrade
Looks like AMZN could be heading to 1200. Another star performer in my portfolio.
L
lovethetrade
Yes, I do remember it, when it was circa $100 a share there was plenty of doubters, plenty of overconfident, expert commentary.
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lovethetrade
Maybe not, there's a fair amount of resistance at 945-950
GOOG look the goods at the moment.
GOOG look the goods at the moment.
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lovethetrade
Bought Amzn @ 956. Disappointed I missed 950.