$AMZN : Amazon forming a doji?

It seems like $AMZN is forming a doji.

On the Ichimoku chart, $AMZN is trading above the kumo with a fairly strong Tenkan sen.

It is likely to find support at around $239 and $231.

It needs to break the kumo support at around $225 to $220 for a short.


$AMZN . Breakout from kumo

$AMZN has a breakout from the kumo with a great price surge yesterday.

The price surge invalidate my bearish view on AMZN and I will be closing my SHORT Vertical CALL spread.


$AMZN . May break kumo support. Bearish.

AMZN dropped to around $172 after its poor earnings back in early Feb.

It has since try to rally but fail to breakout of the kumo resistance.

It is now trading around $182 and is very near the kumo support.

Right above it is both the resistance from Tenkan sen and Kijun sen.

I believe this is a fairly good entry to try to get a short and see if it fell below the kumo support.

Target price $172.