#AMZN - Possibly see Double Digits#AMZN - Amazon failed to hold the 115 level Friday and sold off to 109. Amazon can continue to fall until with see some upside in the Markets. Below 109 we can see a continue move to the downside towards 100.00. This will be a bigger psychological level for Amazon.
#psycological_level #watchlist #amazon
Amazon
6/12/22 AMZNAmazon.com, Inc. ( NASDAQ:AMZN )
Sector: Retail Trade (Internet Retail)
Market Capitalization: $1.116T
Current Price: $109.65
Breakdown Price: $108.60
Buy Zone (Top/Bottom Range): $115.75-$129.10
Price Target: $101.30-$99.30
Estimated Duration to Target: 38-40d
Contract of Interest: $AMZN 7/15/22 110p
Trade price as of publish date: $5.90/contract
Doing the Splits (Amazon)Amazon
Short Term - We look to Sell at 136.62 (stop at 146.49)
Preferred trade is to sell into rallies. Previous support, now becomes resistance at 137.00. There is scope for mild buying at the open but gains should be limited. The 50% Fibonacci retracement is located at 136.05 from 170.83 to 101.26.
Our profit targets will be 102.56 and 91.98
Resistance: 137.00 / 150.00 / 170.00
Support: 115.00 / 102.00 / 85.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
What The Chart Says Upon Amazon's SplitAmazon stock AMZN had started trading with the split-adjusted price around $125 yesterday. The stock split usually increases the liquidity of the shares making it accessible to more investors who are not comfortable buying pricey stocks.
Also, BofA Global Research has found that splits "historically are bullish" for companies that enact them, with their shares marking an average return of 25% one year later versus 9% for the market overall.
From a technical perspective, Shares of Amazon AMZN advanced 1.99% to $124.79 Monday, however, prices struggled to make it through the $130.00 resistance levels - that represents the double bottom's minimum target - on the daily chart. So, a slight probable pullback is expected to test $122.20 - $119.85 - $119.00 support levels that may serve as an entry points, in order to hit back $130.34 - $135.78 targeted resistance levels.
$AMZN to the moon with their rever split.$AMZN soars as it gets closer to its upcoming reverse split day. Although, its been a rough few weeks in the market, AMZN managed to shine in the last few days as retail investors patiently waited for its reverse split and the possibility of buying some Amazon stocks to add to their portfolio.
in my personal opinion or scenario. AMZN will be the be the hot stocks to play tomorrow and the coming days and months. with the price going back to below $200, the possibility of volume will triple compared to the last time.
i remember when $TSLA and $AAPL did their rever split the stock rallies in few days before it pulls back.
Keep in mind that the economic report is coming this week, so the possibility of the AMZN pulling back will be defending of this week's economic calendar and prices action.
For scalp or day trade moves.
For calls; buy above 126.95 and sell at 135.20 or above
For puts, buy below 121.46 and sell at 118.23 or below
============================================================
Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions on which stocks I should analyze, please leave a comment below.
If you enjoyed this analysis, I would appreciate it if you smash that LIKE button and maybe consider following my channel.
A COMPARISON OF FLEXA'S AMP TOKEN to AMAZON.COM BOOM to BUSTWith all the major partnerships that the FLEXA Network has in place including the most recent with Chipotle enabling crypto payments powered by Flexa's AMP TOKEN, the current downtrend might be turning the corner as the crypto bust subsides.
Amazon $120 - $125 a share!?Amazon has an upcoming stock split of 20:1 bringing the that unaffordable to retailer investor and traders price of $2247 to about $120 - $125. Which is much much more attractive. If you didn't know it should take place on Monday June 6.
AMZN has been in a downtrend since November 2021 with a short-term uptrend since May 24. AMZN recently broke short term and noticed a trading range between 2400 - 2500. My moving averages indicates they're still in a short term uptrend with price trading in the short term and mid term moving averages.
According to AMZN financials and reputation. I say this stock split is great news and most definitely some initiative to buy/hold and/or get a few day trades in.
AMZN Amazon 20-for-1 Split on Monday, June 6AMZN Amazon was the last giant company which didn`t split its stock.
And the $2510 price was somehow prohibitive for retail investors.
The 20-for-1 Split will be more retail investor friendly and we could play some options at a decent price for AMZN.
Statistically we saw an increase in price of every company that did a stock split so far, so i expect the same for AMZN Amazon.
My price target is $2738 or its split equivalent by the end of next week.
I see an 11.30% upside from here.
Looking forward to read your opinion about it.
Buy Amazon and holdAnother amazing buy opportunity in tech. Amazon put in an extreme MACDH diverergence yesterday on the daily charts at major support around $2000.
Wow this is such a great long term buy and hold here. We can take profits at any of the red resistance lines shown above if we want to trade short term time frames but this $2000 level looks really solid. DXY has been falling off as predicted and now Amazon looks primed for a big run up.
As I have said before in my recent posts, I believe inflation has peaked and the fed will not get more hawkish than it already has this is a great shot at this being the bottom in Amazon. Either way lots of profits to be had on the run up to resistance levels
AMAZON: Is it a BUY NOW? – Volume Profile Analysis 📈On AMAZON is nice to see strong buying reaction from the price 1.4915 , there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Uptrend + Strong volume area is my mainly reason for this long trade....
Happy trading
Dale
Daily US Stocks Volatility 26 May 22 APPL, TSLA, MSFT, AMAZApple 26 May 2022
The current volatility is expected with close to 85% chance to be below 3.96%
In this case, our channel for today is going to be
TOP 146
BOT 135
--------------------------------------------------------------------------------------------------------------------
Microsoft 26 May 2022
The current volatility is expected with close to 85% chance to be below 3.96%
In this case, our channel for today is going to be
TOP 272
BOT 253
--------------------------------------------------------------------------------------------------------------------
TESLA 26 May 2022
The current volatility is expected with close to 85% chance to be below 3.96%
In this case, our channel for today is going to be
TOP 716
BOT 602
--------------------------------------------------------------------------------------------------------------------
AMAZON 26 May 2022
The current volatility is expected with close to 85% chance to be below 3.96%
In this case, our channel for today is going to be
TOP 2255
BOT 2010
--------------------------------------------------------------------------------------------------------------------
AMZN - Which is first $2600 or $1600Looking at the monthly ugly candles, if the may month candle closes below $2030 levels, I clearly see a downside in AMZN to a level around $1600.
And looking at the horizontal support and resistance line @ 2033 & 1670. It is a clear cut NO TRADE ZONE for traders. In past from mid 2018 to mid 2020 that stock is stuck between these levels and I avoid such congestion area.
AMZN: ON THE DIVING BOARD.AMZN is currently sitting on a major historical support between 2020 and 2080.
I believe it has never been so oversold. It does't mean it cannot go lower.
So, will it dive? One thing is for sure, tech and growth are not in favour.
You have 3 options here:
1. You think the support holds. Go long. The coming stock split could boost the price.
2. You believe the market keeps on selling. Short it if it breaks the support.
3. Wait for lower levels (1683, 1593, 1346) to go long.
Pick your winner.
Trade safe!
[Update BTC] How many times do I have to draw the same thing? Back in 2021 I said twitter.com --> Many are saying "this is like the 2013 bull run". Many are saying we are in a lengthening cycle and the bull run will end mid-2022 but....what if we are still in 2012? That means the mega triple-peak bull run could end sep-dec 2023.
What I meant back in 2021 was…what if we see something like this?
Bears have been posting Amazon charts for months but no 🐻 is contemplating this kind of scenario and drawing (69–>26–>80–>12).
These scenario would screw both bears and bulls.
AMZN Amazon valuation is still high! If you haven`t sold Amazon.com, Inc. (AMZN) at $2891, when you saw the slowest growth since 2001:
Then you should know that the 51.89 Price per Earnings ratio is still high compared for example to BABA, Alibaba, who has the same business model, but a P/E of 23.39 - which is still high, btw. Should be around 18 in my opinion.
So my price target for AMZN is $1900.
Looking forward to read your opinion about it.