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Amazon

Amazon is bound to go lowerIf there is one company that flourished by government Covid policy, lockdowns, support packages and "free" money, it`s Amazon. Now that interest rates rise, the quantitative easing slows down and loans will be more expensive, we see an overall drop in stock prices, especially in the tech sector which stocks has been manipulated most under central bank policy, in my opinion when looking at all these tech stocks the bottom is far from in. The Amazon chart is showing us very clear where we are going with it`s ascending broadening wedge that has broken out on the downside. Next to all those factors named before, people had more money to spend and more interest in goods during covid lockdowns, there will be less requests for goods this year, throw in an upcoming recession and big warehouse stock caused by the fear of future supply chain problems and we will see prices between $65 / $57 per share.
NASDAQ:AMZNShort
by thedutchgopher
AMZN Potential for Bearish Continuation | 3rd January 2023Looking at the H4 chart, my overall bias for AMZN is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 85.88, where the previous low is. Stop loss will be at 103.78, where the recent high is. Take profit will be at 69.43, where the -27.2% Fibonacci expansion line is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NASDAQ:AMZNShort
by Rockqet
Amazon bubble pop pattern on SNAPThe infamous Amazon bubble pop from 1998-2001 shows a 93% draw down that took roughly 658 days to reach an actual bottom from its previous all time high. Following this same bubble pop on social media stocks- nearly all current social media stocks show the same pattern forming. Putting a bottom in around July of 2023 and a price target between 5 and 6 dollars. Not financial advice, but use your own research to find out a good buying opportunity. Follow and share to get more charts like this. Meta, tesla, and apple soon.
NYSE:SNAPShort
by hbayatne
1
AMZN Potential for Bearish Continuation | 27th December 2022Looking at the H4 chart, my overall bias for AMZN is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 85.88, where the previous low is. Stop loss will be at 103.78, where the recent high is. Take profit will be at 69.43, where the -27.2% Fibonacci expansion line is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NASDAQ:AMZNShort
by Rockqet
1
AMAZON: Testing COVID Crash Lows... What next?Here we are looking at AMZN on the daily TF. As marked on the charts, we are currently testing the lows made during the COVID crash back in 2020. While we can’t rule out a breakdown through this current support (bottom green line), we are expecting a technical bounce in the short term off this level. If AMZN does bounce, we will look for it to move towards resistance (top green line), which has acted as strong resistance in the past (2019-2020). What do you think will happen? Let me know in the comments! Cheers!
NASDAQ:AMZNLong
by GarethSolowayOfficial
11
Amazon | Fundamental AnalysisAmazon is crawling into 2023, and it definitely, like many others, can't wait to turn over a new chapter. The tech titan is on the way to one of the slowest growth rates in its history. In the first three quarters of this year, the company lost nearly $8 billion in its e-commerce-focused businesses and announced the first major layoffs in the company's history, including 10,000 corporate personnel. Among the units targeted is Alexa, as Amazon is reportedly losing $10 billion a year on this voice-activation technology. In other words, Amazon is in a strange defensive position after years of capturing market share in industries as diverse as e-commerce, books, cloud computing, streaming video, and digital advertising. The good news for investors is that these unfavorable factors are probably already factored into the stock price. Amazon stock is down 50% from its peak last year, creating a potential buying opportunity. Despite the uncertain macroeconomic environment in 2023, there are some grounds to anticipate Amazon's performance to improve. For starters, it will be much easier for the company to match its performance in 2023. For the first three quarters of this year, revenue grew only 9.7%, and that growth is expected to slow in Q4 when the company forecasts growth of only 2%-8%. The strengthening dollar has also impacted results this year, but these negative factors should ease next year as the dollar begins to cool after peaking in September. In addition, the tech titan is likely to see some margin improvement. CEO Andy Jassy is concentrated on reducing or eliminating inefficient projects. In addition to cutting losses at Alexa, Amazon is also closing such ventures as Amazon Care, a telemedicine and personal health care pilot program, Scout, a home delivery robot, and Fabric.com, an e-commerce site for sewing supplies. The company has also closed or withdrawn projects to build dozens of warehouses, a sign that it overestimated its e-commerce growth trajectory during the pandemic. Amazon has a number of highly profitable businesses, including Amazon Web Services (AWS), advertising, and its third-party marketplace, which allows the company to receive commissions and fulfillment fees from the thousands of sellers who trade on its site. Nevertheless, the company's financial performance indicates that it still has a lot of unsustainable spending. For example, Amazon loses money in its international segment almost every year, suggesting that the company may be overextended in emerging and small markets overseas. Similarly, there is a strong argument that the company is spending too much on Prime Video. This year, the company will devote more than $15 billion to streaming -- more than even Netflix -- and Amazon isn't even monetizing that spending directly, using it to boost Prime's enrollment. Given the company's countless experiments, there are probably plenty of other unfruitful projects in need of cuts. Looking at the company's cost-cutting and the strength of its high-margin businesses such as AWS, advertising, and marketplace, it's clear that Amazon could be much more profitable than it is today. Jassy seems to realize the need to improve profitability as it will become increasingly difficult to maintain high revenue growth, given that total revenue is expected to exceed $500 billion this year. With the stock down 50% and a market capitalization of less than $1 trillion, the stock looks cheap. AWS alone will have $23 billion in operating income this year, which means Amazon stock is valued at about 40 times that amount. The rebound in business next year will be dependent on macroeconomic conditions, but at the current stock price, the worst already seems to be priced in. Owning Amazon stock in 2023 could give you an easy doubling over the next year or two, and your losses will likely be limited unless the country enters a deep recession.
NASDAQ:AMZN
by FOREXN1
20