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Amazon

7/10 AMAZON 4200 JULYHey fellow traders, Welcome back, I hope you are doing good. Right here we can see Amazon, which is in very good shape...almost sexy! ;) There is a Triangle forming, which is a bullish sign, especially at a record high. Most of the time, the pennant leads to higher highs, which more or less is the height of the all-time high and the first low of the triangle. Expecting 4200USD at a 25% rise, Amazon which had 106billion Q4 earnings in the year of Corona 2020, expected was 95, and which is in addition to this, the highest earnings for a single quarter...This is pure jet fuel to me. Regarding the global change to digitality and a technoculture of digital payment, clouding, and online culture, I think Amazon will be and already is a giant forming and shaping the future of business. Not just selling but creating marketplaces, being a service provider and a logistics monster, Amazon will do pretty good, at least this decade, that is FOR SURE in my humble opinion. Anyway, getting back to technical analysis: -As you can see, RSI (relative strength index), the "strength of the market" looking strong, being in a healthy uptrend, not being overbought or sold, pretty natural higher highs and higher lows, especially from September 2020 until today (February 2021). -Volume pretty nice, too: We see high volume when the price rise from 1600USD (15. March 20) to 2400USD within 4weeks, and a little less but acceptable and confirmable volume, when the price hit the actual all-time high at 3500 (1. September 20). Right now, the volume is declining, which is a sign that market participants do not even think about shorting or selling this stock. In today's trading session (2. February) I heard not even one sell or short order was given in NASDAQ, only buyers or holders. Incredible. -The triangle acts also like a bull flag from the recent leg up (1600-3500 15. march- 1.september 2020) What do we wanna see? -A break out of the triangle which already occurred and created a gap (could be closed in a single sharply in the coming days) .Good volume while climbing to a higher high until July 2021. The price target and the date range is because of historical data, which shows average length for price actions of this kind and estimated price ranges, because of a) the triangle and b) older moves of this stock, which are kind of similar. Pew, this was a long one. But you are done, good job coming so far. And you know what didn't expect to write that much honestly haha ;-) Anyway, hope this idea provides you with interesting information and data, happy trading, gqt ps: Jeff Bezos is no longer CEO of Amazon. It the Head of Cloud Services Andy Jassy, which is there from the beginning. Jeff will be Chairman and will be looking over his shoulder, like Bill Gates does on Microsoft when he left it a while ago.
NASDAQ:AMZNLong
by GER-Quality-Trades
11
AMZN: Sell Zone is 3520-3670AMZN just finished up its W-4 pull back as expected. However, price was about $80 shy of reaching our buying zone at $3100-3000, but the bottom appears to be in now. AMZN should rally about 10% by the end of month to complete its W-5. It should maintain the support trend line you see on the chart. After we reach the selling zone you will want to "Sell in May and Go away" because AMZN will then begin its larger degree W-2 pullback that will bring price back to about the $3100-3000 level. I will be selling covered calls against my shares to protect my gains once we reach the selling zone.
NASDAQ:AMZNLong
by TomDaSpankEngine
Amazon to Retest Key Level Amazon Short Term - We look to Buy at 3200 (stop at 3080) Preferred trade is to buy on dips. 20 1day EMA is at 3161. The bias is still for higher levels and we look for any dips to be limited. Previous support located at 3200. Our profit targets will be 3539 and 3751 Resistance: 3500 / 3700 / 4000 Support: 3200 / 3000 / 2700 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.
NASDAQ:AMZNLong
by Saxo
AMZN Potential For Bearish Reversal | 30th March 2022We see the potential for a bearish reversal from our sell entry level of 3420.58 in line with 127.2% Fibonacci extension towards our take profit level at 3328.72 in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection . Our bearish bias is supported by the stochastic indicator where price is at resistance level . Alternatively, price might continue to rise up to our stop loss level of 3480.02 in line with 138.2% Fibonacci extension. 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
AMZN's on a Distribution zone & price may revisit the resistanceMarket Instrument: AMZN Timeframe: DAILY Analysis: Technical Structure: Distribution Zone Prediction: Neutral AMZN is playing inside a distribution zone for some time recently. While the recent breakout to the downside has got faked out by a move back inside the support highlighted on the chart. For the moment the AMZN can revisit the resistance highlighted but until it shows a valid breakout off the resistance we cant assume it's a bull ride as theoretically the price should crush with a breakout on the support formed to the downside.
NASDAQ:AMZN
by Profitlio_Trading
1
!!!AMAZON TECHNICAL ANALYSIS!!!(Technical analysis of the Amazon chart) NASDAQ:AMZN *AMAZON STOCK currently is in a downwards diagonal channel and has breakout potential but RSI(10) is showing 73 hence it may be too overbought and may return back down to the bottom of the channel or the strong support or may potentially reach the support level and bounce back u to resistance of 3182 and we may experience a HUGE breakout due to the collision of the diagonal channels support and the horizontal channels support meaning if there is a breakthrough it may signal that it has high potential to reach TARGET (PRICE 3539)* Strong support = 2745 Support = 2956 Resistance = 3182 Strong resistance = 3327 TARGET SELLING PRICE = (safe) 3140, (only if breaks out) 3327, (be careful only will hit if huge breakout) 3539 THIS IS NOT FINANCIAL ADVICE DO YOUR OWN RESEARCH ALL SPECULATION
NASDAQ:AMZNLong
by glebfomin6
3
Amazon - Double bottom on the Nasdaq 100 index and AMZN too?Yesterday, Amazon broke above resistance at 3 276.69 USD. This is a particularly bullish development for the stock and it strengthens the case for uptrend revival. On 24th January 2022, AMZN marked a low of 2 707.04 USD. Then on 8th March 2022, AMZN saw another low of 2 671.45 USD. These two lows are resemblant to the double bottom formation which is a trend reversal pattern. Since the second low was formed, technical indicators have improved for Amazon. Indeed, on the daily time frame, they turned bullish. Currently, this time frame points to more upside for AMZN. Because of that, we would like to set a new price target for AMZN to 3 500 USD. Illustration 1.01 The picture above shows the daily time frame of Amazon stock. It also shows two recent bullish breakouts. Technical analysis - daily time frame RSI is bullish. The same applies to Stochastic and MACD. Indeed, just recently, MACD performed a bullish crossover above 0 points; that is very bullish. DM+ and DM- point to bullish conditions in the market. However, ADX declines; that suggests that the prevailing trend is turning neutral. Overall, the daily time frame is bullish. Although, relatively weak ADX might translate to sideways moving price action in the short term. Technical analysis - weekly time frame RSI and Stochastic are bullish. MACD is due to perform crossover above 0 points. If it manages to do so, then it is going to bolster a bullish case for AMZN even more. DM+ and DM- are still bearish. ADX declines which suggests that the prior bearish trend is losing momentum. Overall, the weekly time frame is neutral. Illustration 1.02 Double bottom resemblance can be found also on NQ1! (Nasdaq continuous futures). Support and resistance Please feel free to express your own ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering a trade.
NASDAQ:AMZNLong
by Tradersweekly
Double Bottom Chart PatternCompany info Amazon.com, Inc. is a company that engages in the retail sale of consumer products and subscriptions internationally and North America. It sells merchandise and content purchased for resale from third-party sellers. The company also manufactures a range of electronic devices. Sector analysis The main ETF that tracks this sector is the Vanguard Consumer Discretionary ETF. Over the last four months, the ETF has been on a decline. Mainly led by inflation worries. AMZN has also been following a similar pattern. So, I would keep an eye on this ETF. If you see the ETF falling, you can expect AMZN to possibly follow suit. Double Bottom Analysis Type: Eve and Adam Length between Valleys: 5 weeks Volume Trend: None Breakeven Failure Rate: 12% Throwback Rate: 67% Average Rise: 42% Price Target: 3677.06 Percentage Change: 14% The length between the two valleys is 5 weeks. This is ideal. As it means the strength of this double bottom could potentially be stronger. There isn’t a volume trend for AMZN between the two valleys. The volume seems to be higher on these two valleys compared to prior price movements but that’s it. Also, just like the stock above, AMZN is near its all-time high which could pose some issues concerning potential upward movement. However, this is a major blue-chip stock. This means two things. The positive is that the stock is are already near the confirmation line and has great volatility to break through and maybe reach the price target. The negative is that you will have to look out for any news concerning this stock to see if there is something that could lead to a throwback or a breakeven. Furthermore, as stated above, the stock has been on a decline along with the ETF, so there could be a rebound upward and this double bottom could be profitable, or the stock could rebound now and fall downwards after hitting the confirmation line that can act as a resistance level. So, I would pay attention to the ETF. Watch any news concerning Amazon and inflationary issues so gauge if the stock will break through the confirmation line and if this chart pattern will work. Henceforth I am giving this double bottom a pattern strength of 2/5
NASDAQ:AMZNLong
by BlackbearTrader
2
AMAZON Lookin to Advance Higher - Elliott WaveHi Elliotticians, Amazon.com is making a bullish impulse on the weekly time frame, and can currently be ending a corrective wave IV of a higher degree near the Fib. ratio of 0.382 and 0.50. A completed three-wave correction in IV, followed by an impulsive rally above the 3762 lvl. would be a confirmation that wave V us underway. Alternate scenario indicates a completed bullish impulse at current highs, which means we may expect a minimum three-wave reversal. Trade well.
NASDAQ:AMZN
by Gravity33