AMZN and GOOG Technical Outlook Video Week 16th Oct

AMZN and GOOG Forecast Video

This week we will be looking at two tech stocks giants as we examine Amazon, AMZN,  and Google, GOOG.  We will be looking at swing trade possibilities for these markets.

 

On Amazon AMZN,

Price is at a decision point right now.  Price is retesting fresh supply at 995, supply zone starting at 993 up to 1000.  Looking at trend.  Price has actually given us the first indications that the uptrend has now turned into a downtrend.  Making selling at supply at great option.  However,  the market can do anything.  So I’m looking for  the short here and we need to be mindful that Amazon has it’s earning coming out here in 2 weeks so be on the lookout for that if you are playing options or anything.  I don’t recommend anyone place trades a couple days before earning come out as there can be massive moves.  Overall,  I’m looking at a new downtrend on this market and can’t wait to see what earning does.  And as always wait for confirmation of price to move in your direction.

On Google GOOG

Price has just pushed up into new highs above 988.25 and I’m looking for more.  I would like to see $1000 before earning coming out. As well as, price coming back down to around $986 to reform daily demand before it moves into 1050.  This market has been in an uptrend and it has just confirmed that will will be moving up even more.  So the only real big thing is when will this big move happen.  I think it will be two fold as earnings are so close.  Overall, I’m seeing nothing but blue sky above.

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