How To Trade F.A.A.N.G. Component Amazon [AMZN]

As of 18 April 2020



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As of close 15 May 2020
Amazon bounced off support in April and is now forming a Weekly Bull Flag... A Bull Flag is a continuation pattern which means price is likely to ultimately push higher if and when price breaks out of the top of the flag.
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AMZN As of close 17 July 2020

We've watched AMZN explode to new highs north of $3,000 per share since the May update.  It's currently in pullback mode. I think inside the rectangle around the rising trendline is a good place to consider getting long if you're not already.  Amazon reports July 23rd.

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As of close 7 August 2020
  1. My last update
  2. Price bounced off the strong uptrend line... Not numbered here, but Amazon reported on the 30th and made a strong to resistance the next day.
  3. Price retested/helped form the small downtrend line/resistance.
  4. Price is squeezing into a space from which it's likely to make a strong move... I suspect to the upside.
Amazon looks ready to explode again... A purchase anywhere inside the range here (between the trendlines) with a stop just below the rising trendline looks interesting.

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As of close 16 October 2020
A bit of trouble in the Amazon?



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As of close 30 November 2020


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As of close 22 January 2021



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As of close 7 March 2021

 
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As of close Friday 4 June 2021


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As of close Tuesday 15 February 2022


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As of Close Friday 13 May 2022 
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As of Close 27 September 2022
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