AMZN breaks bear trendAmazon stock has gapped higher along with several other tech firms as investors rushed back into riskier assets following reports that Trump's upcoming tariffs will be more targeted than initially thought.
AMZN broke its bearish trend line after finding good support lats week at $190 key support level. If the gap now gets filled, then dip buyers might emerge near Friday's closing levels of around $195-$196. This area is now going to be significant.
Anyway, the short-term bias has flipped back to being bullish in light of today's breakout. As long as the stock now remains above the trend line, any short-term dips could be bought.
By Fawad Razaqzada, market analyst with FOREX.com
Amazon
AMAZON at Key Support Level – Rebound Towards $230?NASDAQ:AMZN is currently in a corrective phase after rejecting from the upper boundary of the ascending channel. The price has now reached a key support level within the channel, which aligns with a significant demand zone.
The confluence of the support level and the channel's lower boundary increases the probability of a bullish reaction at this point. If buyers step in, the price could rebound and target the $230.00 resistance level, which represents a logical area within the current market structure.
However, if this support zone fails to hold, a deeper retracement toward lower levels within the channel could occur, invalidating the bullish bias.
This setup reflects the potential for a recovery after the recent decline, supported by historical price action and the channel's structure. If you have additional insights or thoughts, feel free to share them!
AMAZON SWING LONG FROM SUPPORT|LONG|
✅AMAZON fell again to retest the support of 190.79$
But it is a strong key level
So I think that there is a high chance
That we will see a bullish rebound and a move up
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
AMZN Trade PlanLooking to buy AMZN at market price, with additional entries at 187 and 179 for better positioning.
🎯 Profit Target: 210 - 215
Stay disciplined, manage risk, and let the trade develop! 📈📊
⚠️ Disclaimer: This is not financial advice. Always do your own research and trade responsibly! 💡
Lets Make Life Changing Money TogetherMartyBoots here , I have been trading for 17 years and sharing my thoughts on CRYPTOCAP:OTHERS .
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CRYPTOCAP:OTHERS is looking beautiful , absolutely beautiful and a very interesting chart for more upside, it is now getting into support. Just like NASDAQ:AMZN did back in 2008.
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Regulation is going to moon this market
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Watch video for more details
AMAZON Is it worth buying now?Amazon (AMZN) broke below its 1W MA50 (blue trend-line) last week for the first time since the week of August 05 2024 and opened this week below it. As you can see, the stock has been trading within a 2-year Channel Up and today's candle is as close to a technical Higher Low (bottom) as it can get.
The previous Higher Low was in fact that Aug 05 2024 candle, which despite breaking below the 1W MA50, managed to post a strong intra-week recovery and close above the it. Technically that was the 'Max pain' situation on every 1W bottom candle in those 2 years.
Every Bullish Leg that followed was around +65.24%, so that gives us an end-of-year technical Target of $300.
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👇 👇 👇 👇 👇 👇
Amazon - Catch The Parabolic Rally Now!Amazon ( NASDAQ:AMZN ) will start the parabolic rally:
Click chart above to see the detailed analysis👆🏻
Just a couple of months ago, we finally saw the expected all time high breakout on Amazon. Following the overall governing rising channel pattern, I simply do expect the acceleration of the current rally, the creation of a parabolic rally, but maybe we will see a bullish retest first.
Levels to watch: $180, $400
Keep your long term vision,
Philip (BasicTrading)
AMAZON: Oversold on 1D. Massive buy opportunity.Amazon is oversold on its 1D technical outlook (RSI = 27.320, MACD = -7.090, ADX = 63.698) and this is best displayed on the 1W timeframe where the price hit this week its 1W MA50 for the first time in 7 months. The decline since the January top is technically the bearish wave of Amazon's 2 year Channel Up. The previous HL was priced on the 0.5 Fibonacci level and the one before on the 0.382. We are now just over the 0.5 Fib again, while the 1W RSI is about to hit its LL trendline. All those form massive support levels for the stock, which translate into the best buy opportunity since the early August 2024 bottom. We are expecting a similar +59.62 bullish wave to begin. The trade is long, TP = 300.
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Amazon Stock Trapped in a Bearish ChannelOver the past two weeks, Amazon's stock has declined by more than 13% , forming a new bearish channel. Selling pressure has intensified as concerns about potential tariffs begin to affect investor confidence in Amazon's multinational operations. The possible onset of a new trade war could seriously impact some of Amazon’s business model, which relies on importing products from other countries into the United States. This could eventually reduce demand and continue to reinforce the bearish bias in stock movements.
Bearish Channel
Since late February, shortly after the earnings report, Amazon's stock has entered a clear short-term bearish channel, reaching a low of $197 per share. Currently, a minor bullish correction is emerging, approaching the upper boundary of the bearish channel. However, as long as bullish momentum fails to break this upper level, it is likely that the channel will remain the dominant formation, maintaining downward pressure on the stock.
ADX Indicator
The ADX line continues to rise above the neutral level of 20, reaching levels not seen since December 2024. This reflects the momentum of current price movements and the increase in volatility affecting the stock. If the ADX line remains elevated, volatility could either support or challenge the current trend, depending on market dynamics.
MACD Indicator
Lower lows in price movements and higher lows in the MACD histogram have formed a divergence between the indicator and price movements. This imbalance of forces could signal the continuation of short-term bullish corrections.
Key Levels:
$230: Major resistance. This level corresponds to the highest price zone recorded in December 2024. If the stock returns to this level, it could reactivate a previously forgotten uptrend.
$216: Current key resistance. This level aligns with the upper boundary of the bearish channel and the 100-period simple moving average. Sustained buying pressure above this level could put the bearish channel at risk.
$197: Near-term support. This level corresponds to November 2024 lows. If the stock breaks below this support, it could lead to new lows on the chart, reinforcing the ongoing downtrend.
By Julian Pineda, CFA – Market Analyst
Abbott and Amazon: Two Bright Spots in a Sea of Red◉ Abbott Laboratories NYSE:ABT
● The stock previously faced strong resistance near the $134 level, leading to an extended consolidation phase.
● During this period, a Rounding Bottom pattern emerged, signalling a potential continuation of the upward trend.
● Following a recent breakout, the stock has surged to its all-time high and is expected to maintain its upward momentum in the coming days.
◉ Amazon NASDAQ:AMZN
● Since August 2020, Amazon's stock has been consolidating, forming a clear Inverted Head & Shoulders pattern.
● After breaking above the neckline, the stock rallied sharply and reached an all-time high near $242.
● Following this, the price pulled back to retest the breakout level and with a successful retest, the stock is now well-positioned to resume its upward trend.
AMAZON ($AMZN) Q4—$187.8B REVENUE UPSWINGAMAZON ( NASDAQ:AMZN ) Q4—$187.8B REVENUE UPSWING
(1/9)
Good afternoon, TradginView! Amazon ( NASDAQ:AMZN ) posted Q4 ‘24 net sales of
187.8 B,up 10 637.959 B here’s the breakdown.
(2/9) – REVENUE GROWTH
• Q4 Sales: $ 187.8B, 10% up from $ 170B 📈
• Full ‘24: $ 637.959B, 10.99% rise 📊
• AWS: $ 28.8B, 19% YoY boost 💻
NASDAQ:AMZN ’s steady climb continues.
(3/9) – EARNINGS LIFT
• Q4 Op. Income: $ 21.2B, up from $ 13.2B 💰
• NA Op. Income: $ 9.3B, from $ 6.5B 🌞
• AWS Margin: 38%, decade high 🌟
NASDAQ:AMZN ’s profit engine hums strong.
(4/9) – KEY MOVES
• AI Push: GenAI apps rolled out 📡
• AWS: Cash flow dynamo shines 🌍
• Stock: 207−230 range 🚗
NASDAQ:AMZN ’s tech bets fuel growth.
(5/9) – RISKS IN FOCUS
• Spending: Retail feels price pinch ⚠️
• Regs: Antitrust looms large 🔒
• Comp: Azure, Walmart press hard 📉
NASDAQ:AMZN ’s solid, but hurdles lurk.
(6/9) – SWOT: STRENGTHS
• Retail: $ 115.6B Q4 NA sales 💪
• AWS: $ 28.8B, 38% margin 🏋️
• Scale: Ads, subs diversify 🌱
NASDAQ:AMZN ’s a titan, built to last.
(7/9) – SWOT: WEAKNESSES & OPPORTUNITIES
• Weaknesses: Capex weighs 📚
• Opportunities: AI, emerging markets 🌏
Can NASDAQ:AMZN vault past the risks?
(8/9) – AMZN’s $ 187.8B Q4, your view?
1️⃣ Bullish, $ 300+ by ‘26 😎
2️⃣ Neutral, Steady, risks balance 🤷
3️⃣ Bearish, Growth stalls 😕
Vote below! 🗳️👇
(9/9) – FINAL TAKEAWAY
NASDAQ:AMZN ’s $ 187.8B Q4 and $ 637.959B ‘24 stack up, tech titan 🪙 AWS shines, risks loom, gem or pause?
AMAZON Excellent buy opportunity for a new ATH.Last time we looked at Amazon Inc. (AMZN) was three months ago (November 13 2024, see chart below), giving a pull-back buy signal:
The price action couldn't have followed this more accurately as after a short-term pull-back, the stock hit our $240.00 Target at the end of January.
Since then the price started to pull-back again to a point where this week it broke below its 1D MA50 (blue trend-line) for the first time since September 11 2024. With the 1D RSI on the 40.00 mark, this pull-back resembles the April 25 2024 Low, made near the 0.5 Fibonacci retracement level.
We expect a similar medium-term rebound to start towards the 1.236 Fibonacci extension. Our Target is marginally below it at $252.50.
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Amazon is about seem summer growth shoots againWhy? Because my crystal TA balls say so.
Seriously though, here is my reasoning, given the indicator momentum
Price Action & Trend Analysis
• The stock is currently at $222.42, down -1.86%.
• The price recently broke down from a local high near $244 and is in a downtrend.
• Break of Structure (BoS) and Change of Character (CHoCH) labels indicate trend shifts.
• A weak resistance zone around $244 suggests prior buying exhaustion.
• A demand/support zone appears near $218, with previous price reactions in this range.
Momentum Indicators (Lower Panel)
• The stochastic-based oscillator in the lower panel shows oversold conditions (~below 20 level).
• Previous rebounds occurred at similar oversold levels, suggesting a potential bounce.
• Multiple purple downward arrows (sell pressure) have recently printed, aligning with declining momentum.
Short-Term Outlook (Next Few Days)
• Bullish Case: If support at $218-$220 holds, a relief bounce could push prices towards $226-$230 (~50% retracement of the drop).
• Bearish Case: A break below $218 could accelerate downside momentum towards $210-$212.
Now - let’s talk Probabilities:
• Bounce towards $226-$230: ~60% if support holds. This is the more prevailing wind in my view.
• Further drop to $210-$212: ~40% if selling is strong.
Summary & Trading Plan
• Short-term traders: Watch $218-$220 support for a bounce trade to $226-$230.
• Swing traders: A breakout above $230 strengthens a bullish case towards $240+.
• Risk Management: A clear break below $218 suggests a potential breakdown towards $210-$212.
AMAZON: Good results and in the 61.8% Fibonacci zone! Pay attentAmazon presented results on February 7th, beating expectations driven by the cloud business.
AWS stands out with a growth of +19%, a pace that it has maintained for 3 consecutive quarters. Revenues on the online platform grow +8%, advertising +18% and third-party services +9%. Efficiency measures and the greater growth of AWS and advertising, with higher margins, boost EBIT +60.5% with a margin improvement of +350 bp to 11.3%.
AI will continue to be a growth factor in 2025 after the alliance with Anthropic and new AI applications. But the guidance for 1Q25 is disappointing, indicating that Amazon remains cautious in an environment of uncertainty due to the impact of tariffs on China (25% of its online sales are of Chinese products) and adverse effects due to exchange rates. Despite a weaker than expected 1Q25, we remain positive on the stock.
The advertising business is growing at a good pace and Amazon is already the third largest operator after Google and Meta, with a global share of 9%. On the online sales front, the group is reducing delivery times to face growing competition from Walmart and Temu. With a 47% market share in the cloud business in 2023 (55% excluding China), Amazon remains one of the companies that will benefit the most from the adoption of generative AI, ranking among the preferred providers of AI-based services/apps for users, although investment efforts and a moderation in consumption are slowing short-term growth prospects.
--> What does it look like technically?
So far this year, it has a cumulative revaluation of +4% and its trend is clearly bullish, so we will ONLY look for LONGs. It is currently in a RECOVERY PHASE and has already reached the 50%-61.8% Fibonacci zone, which means it is in a key zone from which it could end the retracement and start a new bullish impulse on the way to new highs.
Last Friday the IVO oscillator warned us of overselling, and if we add to that the fact that its trend is clearly bullish and that it has a retracement of almost 61.8% Fibonacci, it is very likely that the MOMENTUM will soon turn bullish (Bull) and we can make a long entry.
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Strategy to follow:
ENTRY: We will open 2 long positions if it exceeds the 236 zone
POSITION 1 (TP1): We close the first position in the 245 zone (+4%)
--> Stop Loss at 226 (-4%).
--> Ratio ( 1:1 )
POSITION 2 ( TP2 ): We open a Trailing Stop type position.
--> Initial dynamic Stop Loss at (-4%) (coinciding with the 226 of position 1 ).
--> We modify the dynamic Stop Loss to (-1%) when the price reaches TP1 ( 245 ).
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SET UP EXPLANATIONS
*** How do you know which 2 long positions to open? Let's take an example: If we want to invest 2,000 euros in the stock, what we do is divide that amount by 2, and instead of opening 1 position of 2,000, we will open 2 positions of 1,000 each.
*** What is Trailing Stop ? A Trailing Stop allows a trade to continue gaining value when the market price moves in a favorable direction, but automatically closes the trade if the market price suddenly moves in an unfavorable direction by a certain distance. That certain distance is the dynamic Stop Loss.
-->Example: If the dynamic Stop Loss is at -1%, it means that if the price drops by -1%, the position will be closed. If the price rises, the Stop Loss also rises to maintain that -1% on rises, therefore, the risk is increasingly lower until the position becomes profitable. In this way, very solid and stable price trends can be taken advantage of, maximizing profits.