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.
Amazon
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
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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
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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
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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
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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 $1900.
Looking forward to read your opinion about it.
What will happen to Amazon Inc.'s stock when the market opens?Okay, so after surfing through Amazon Inc.'s stock chart in various time frames. I was able to draw Strong Support and Strong Resistance levels respectively. So when the market opens up; as per my prediction there should be a breakout in the upward direction. As the level on which the current candle is standing is strong. Because whenever a breakout happened at that level; consolidation was almost minimal and the market came right back up. So if you're investing on an hourly basis or even trading. I would say make call for it. As I'll be doing the same.
Weekly Volatility Forecast 23-29 May 2022 APPL, AMAZ, MSFTAPPLE 23-29 May 2022
We can based on the last month analysis, that the current volatility is around 8%
This is translated into 11$ from the current point.
So lets imagine that APPLE is going open Monday candle around 138
With that in mind, with close to 86% probability of pointing correctly the top and bottom places we are going to have:
TOP 138 + 11 -> aprox 149
BOT 138 - 11 -> aprox 127
If we want at the same time to narrow a bit this channel, we can go for close to 76% probability.
In this case the volatility would be around 6% => 8$
TOP 138 + 8 -> aprox 146
BOT 138 - 8 -> aprox 130
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MICROSOFT 23-29 May 2022
We can based on the last month analysis, that the current volatility is around 7.4%
This is translated into 18$ from the current point.
So lets imagine that MICROSOFT is going open Monday candle around 250
With that in mind, with close to 87% probability of pointing correctly the top and bottom places we are going to have:
TOP 250 + 19 -> aprox 269
BOT 250 - 19 -> aprox 231
If we want at the same time to narrow a bit this channel, we can go for close to 78% probability.
In this case the volatility would be around 5.57% => 14$
TOP 250 + 14 -> aprox 264
BOT 250 - 14 -> aprox 236
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AMAZON 23-29 May 2022
We can based on the last month analysis, that the current volatility is around 12.25%
This is translated into 260$ from the current point.
So lets imagine that AMAZON is going open Monday candle around 2150
With that in mind, with close to 87% probability of pointing correctly the top and bottom places we are going to have:
TOP 2150 + 260 -> aprox 2410
BOT 2150 - 260 -> aprox 1890
If we want at the same time to narrow a bit this channel, we can go for close to 77% probability.
In this case the volatility would be around 9.2% => 200$
TOP 2150 + 200-> aprox 2350
BOT 2150 - 200 -> aprox 1950
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ONLN Price Target $39 by Jan 2023This is purely an Amazon play, but ONLN is now trading below Pre-IPO levels. I believe that its exposure to Amazon, alongside other names that have seen a brutal sell-off (MELI, BABA, EBAY), makes it an excellent long-term buy for traders looking to find a great cost average entry point for the long term. We have to remember that Amazon is a great business still experiencing 20%+ YoY EBITDA growth and is sitting on 96bn dollars of cash. I also expect Amazon to see further price appreciation with its upcoming 20-1 split.
Amazon 75 Day Target - $2380Amazon is looking poised to trend towards the $2380 level. We could see a jump back to the ceiling of this down-channel, implying around an 8% rise over 75 days. Amazon's ATR has been at an all-time high since 2020, and the stock needs some time to consolidate; however, an 8% move from pre-COVID support levels over 50 days is not entirely unrealistic. Expecting a slow climb to this level and then to test from there. Following upside, levels seem to be $2700 based on volume profile.
Amazon stock is good to start buying The price of Amazon stock is around 2200$ after dropping 45% from 3770$ .
i believe it is good area to start first buying and if drop more and more, second buying will be around 1700$ .
first target is around 2875$, and second target 3355$ , and third target i dont know where if you want to hold it for years and years.
this one without stop loss and without leverage.
Risk management is your work .
Good luck
Thank you.
one.exness.link
Volatility Weekly Movements Stock, Crypto & Others16-20 MayExpected movements for 16-20 May 2022
SPY/SPX
Current volatility expected for the next week is going to be around 4.52%
So in this case for SPY with almost 90% accuracy the next top and bottom are going to be:
TOP 420
BOT 383
At the same time for SPX/ES with almost 90% accuracy as well, we have the next top and bottom
TOP 4200
BOT 3840
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QQQ/NDX
Current volatility expected for the next week is going to be around 5.57%
So in this case for QQQ with almost 85% accuracy the next top and bottom are going to be:
TOP 318.75
BOT 285
At the same time for NDX/NQ with almost 85% accuracy as well, we have the next top and bottom
TOP 13100
BOT 11700
----------------------------------------------------------------------------------------------
DIA/ Dow Jones
Current volatility expected for the next week is going to be around 3.36%
So in this case for DIA with almost 90% accuracy the next top and bottom are going to be:
TOP 330
BOT 311
At the same time for MYM/YM with almost 90% accuracy as well, we have the next top and bottom
TOP 33200
BOT 31000
----------------------------------------------------------------------------------------------
Apple
Current volatility expected for the next week is going to be around 5.76%, however we are going to imply 7.2%
So in this case for Apple with almost 90% accuracy the next top and bottom are going to be:
TOP 157.7
BOT 136.5
----------------------------------------------------------------------------------------------
Amazon
Current volatility expected for the next week is going to be around 7.46%, however we are going to imply 9.3%
So in this case for Amazon with almost 80% accuracy the next top and bottom are going to be:
TOP 2471
BOT 2050
----------------------------------------------------------------------------------------------
Google
Current volatility expected for the next week is going to be around 6.01%, however we are going to imply 7.51%
So in this case for Google with almost 90% accuracy the next top and bottom are going to be:
TOP 2495
BOT 2145
----------------------------------------------------------------------------------------------
Russel 2000/ IWM
Current volatility expected for the next week is going to be around 5.22%, however we are going to imply 6.51%
So in this case for Google with almost 95% accuracy the next top and bottom are going to be:
TOP 189.6
BOT 166.44
----------------------------------------------------------------------------------------------
IBM
Current volatility expected for the next week is going to be around 4.29%, however we are going to imply 4.29%
So in this case for IBM with almost 85% accuracy the next top and bottom are going to be:
TOP 139.3
BOT 127.87
----------------------------------------------------------------------------------------------
BITCOIN
Current volatility expected for the next week is going to be around 13.82%, however we are going to imply 15%
So in this case for BITCOIN with almost 95% accuracy the next top and bottom are going to be:
TOP 34450
BOT 25500
----------------------------------------------------------------------------------------------
GOLD
Current volatility expected for the next week is going to be around 2.17%, however we are going to imply 3.25%
So in this case for GOLD with almost 80% accuracy the next top and bottom are going to be:
TOP 1870
BOT 1750
----------------------------------------------------------------------------------------------
EURUSD
Current volatility expected for the next week is going to be around 1.6%, however we are going to imply 1.89%
So in this case for EURUSD with almost 80% accuracy the next top and bottom are going to be:
TOP 1.061
BOT 1.021
$AMZN might have stroke Gold!NASDAQ:AMZN
$AMZN has been in the news a lot this days. Bezo's going at it with President Biden... First Union and court case awarded to ex-employee. Misuse of customer data... the list goes on.
Are you considering buying into the $AMZN stock split?
Are you concerned about the impact of all these news on the stock?
I'll say one thing and one thing only; Technology.
Technology; bots, AI, robots, and many more are all the things Amazon going for it. It has been able to reduce the cost of its workforce dramatically while growing into other industries. Yes, Inflation will cost a temporarily reduction in customer purchases as seen in the recent earnings; this will be a temporary impact. The supply chain issues, although ongoing, will be resolved as manufacturers realign their suppliers.
Technical analysis:
Daily Chart
EMA (Exponential Moving Average): The EMAs are inverterd 200/100/50/20 EMA which usually means bad news but wait a minute! What happened on Friday? May 13th? Price action is finally above the 200EMA. Is this a dead cat bounce? Are we seeing a reversal of trends?
TTM Squeeze: Squeezing upwards. Momentum to the upside!
Fib Levels: Parabolic movement to the downside; Wish I shorted the position April 20th during the "Death Cross". Given the very volatile markets, leverage trading is not advised but the current position is too tempting not to go long. More importantly; the price action aimed at the blue all hell goes down support line and crossing back up. Have we seen the bottom and stroke gold?
RSI: Went as low as 18.54 on May 12th (Thursday) and popping back up aggressively. Looks like we are oversold and it's time to make some short-term recovery.
Candle Stick: Summary of last 5 candles equate to a bullish pattern. Dragonfly Doji right above the 200 EMA...
Pattern: Rising wedge pattern (This is a reversal trend pattern)
News: With the upcoming split, this might just be a good time to own $AMZN if you don't already have one. (Not financial advice).
Amazon - Time to Buy or to Expect Deeper Correction? A trillion dollar giant Amazon has been upsetting investors with poor earning reports since July 2021 and its market price has already dropped by nearly 40%.
But is the price fair now to buy the dip or should we expect deeper and longer correction?
Fundamental indicators:
Revenue and Profits - consistent growth for the past 10 years, however, it is slowing down since 2021
Profit margin - just 7%, considerably lower than the rest of FANGMAN
P/E - still overwhelmingly overpriced with 54x ratio
Liabilities - no problems with debt
Technical Analysis (Elliott Waves):
Since IPO and the first deep correction in 2001 the share price has been accelerating and developing in a series of first waves
The first considerable correction of wave 4 can be observed between September 2018 and March 2020 in the shape of a Running Flat
And since the historic high $37773 culminating in wave 3 there has been next corrective wave 4 developing
Using the Fibonacci retracement levels from the high, the potential price zone where the correction may find support is between $1880 - $2240, representing 0.786 and 0.618 levels respectively
Considering that the previous wave 4 has lasted for 560 days, the one we are observing now is most likely to last even longer, at least until August 2023
And given that the correction is quite deep it is also likely that correction will be in the shape of triangle, of course other corrective wave patterns are also possible
Given all the above points the price range $1880-$2240 might be good for some purchases. However, considering the risks of recession and lengthy correction in the market - is it worth investing in Amazon ?
What do you think about the prospects for Amazon ?
Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.
Thanks