Amazon
AMZN DAILY TIMEFRAMESNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes.
Start believing in this strategy because it will reward believers with huge profit.
There is a lot more about this strategy.
It can predict and also it can give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
AMAZON targeting $4300 once the accumulation is over.Since the Subprime mortgage crisis, Amazon has been repeating a very distinct pattern. After every correction, it gets supported by either the 1W MA100 (green trend-line) or the 1W MA150 (red trend-line) and spends almost a year inside an accumulation zone. Once that's over, it targets the 2.0 Fibonacci extension from the bottom of the correction.
The chart is on the log scale of course, in order to capture and better illustrate these patterns throughout AMZN's immense growth. See how the Accumulation Phases have a similar LMACD pattern every time.
Right now the price has only rebounded on the 1W MA50, three times since March 2021. I believe that as it happened in 2015 and 2020, it needs to hit one MA50 period lower than the first that supported and the next in line is the 1W MA100. Once successfully completed, I expect the price to make again a 2.0 Fib leap which right now is just over $4300.
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Amazon is on his way back upHello everyone, as we all know the market action discounts everything :)
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The Amazon stock has dropped since the start of August where we see the price in July was trading near 3604.80 then it dropped to 3329.99 almost an 8% drop and the market created a gap, and since then its been struggling a bit to get back up.
At the end of the months, the price started to gain more momentum at August 20 the market started going up and jumped from 3199.00 to 3466.11 in 10 days.
It doesn't look like the market is slowing down as more buyers go in and this Bullish trend keeps on going up.
Scenario for the market movement :
The price already reached the first resistance line at 3459.30 today and its movement doesn't seem to be slowing down. We might see some strong resistance at the second line at 3497.04, But if the Bulls were able to keep control over the market then we will certainly see the price go back to the 3549.08 level no problem and from there a new battle will begin over control and the outcome will determine the movement of the market.
Technical indicators show :
1) The market is above the 5 10 20 50 100 200 MA and EMA (Strong Bullish sign)
2) The RSI is at 61.66 showing great strength in the market with no divergences between the market and the indicator.
3) The ADX is at 32.82 showing that the market is trending, with a positive crossover between DI+ (31.25) and DI- (21.06).
Daily Support & Resistance points :
Support/Resistance
1) 3369.52 1) 3459.30
2) 3317.48 2) 3497.04
3) 3279.74 3) 3549.08
Fundamental point of view :
Investors might be concerned with Amazon (AMZN) facing several headwinds in 2H21. Tough comps, re-openings, and supply chain/transportation constraints are all issues to consider as noted by Baird analyst Colin Sebastian.
However, following last week’s AWS Summit Online conference, the analyst believes investors should be paying more attention to Amazon’s cloud business.
“AWS trends remain positive with accelerating growth, healthy margin contributions, and increasing urgency among enterprises to adopt ‘digital transformation,’” the 5-star analyst said.
Amazon is reportedly investing in a live audio feature similar to Clubhouse that will include podcast networks, musicians and celebrities holding live conversations, shows and events.
Axios sources say the effort is being led by the Amazon Music team, which will make the features available to its subscribers, and the live programming will eventually be added to Amazon's live video service Twitch.
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts and news for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Second Series of STOCKS Buying Areas!Hi followers and other TradingView users,
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$EBAY: Tapering proof? With Jackson Hole this week looking to create rotation in certain names, I believe you may be able to look beyond it to mid caps like EBAY who have been showing a tremendous amount of relative strength recently against the broader indices and I wonder if there's a lot more left in the tank. After ETSY's earnings went off in a strong way, we'll see if names like this have even more life post-COVID
AMAZON:FUNDAMENTAL ANALYSIS+PRICE ACTION & NEXT TARGET|LONG🔔The uptick in retail stocks in the middle of the week of August 19, after two major department store chains posted excellent results, subsided slightly after the Wall Street Journal reported on leaked information about Amazon's plans to open department store-style stores in some U.S. cities. The store openings, which could herald Amazon's broader entry into physical retailing, couldn't keep the stock market's buoyant bias down for long, but it does raise some questions.
If Amazon does attempt to position itself in retail, will it triumph, and will it eventually put other retailers out of business? Thorough scrutiny of the situation shows that there is nothing wrong here, at least at the moment.
After Amazon, with its e-commerce model, bypassed and closed many previously thriving department store chains such as Sears, ushering in an era of "retail apocalypse," Amazon now plans to open its own "brick-and-mortar" retail outlets. Sources told the Wall Street Journal that some of the first stores are planned to open in California and Ohio. Apparently, the stores will be filled with Amazon-branded merchandise.
According to insiders, the 30,000-square-foot stores will each be one-third the size of conventional department stores. Nevertheless, they will be much larger than Amazon's existing Whole Foods stores. They are expected to be organized along the same lines as department stores. Still, the stores will presumably be closely integrated with Amazon's delivery, return, and other e-commerce services.
This plan may have been nurtured long before the coronavirus, so there is a possibility that it was put on hold due to retail store closures last year. In May 2019, the Wall Street Journal published a video on YouTube reporting that Amazon had bought several former malls in Ohio, including Randall Park Mall in North Randall and Euclid Square Mall in Euclid.
Nonetheless, these malls are much larger than the 30,000 square feet mentioned in the rumors: Euclid Square is 642,528 square feet and Randall Park is 2.2 million square feet, making them more suitable candidates for fulfillment centers. Nevertheless, these facts suggest that Amazon has been interested in buying indoor retail space in Ohio for several years.
Some publications, such as The Verge, have noted that Amazon first put department stores and malls out of business because of its triumphant e-commerce model, and now seems to be trying to replace them in physical retail.
The stock market reacted briefly but sharply to the news of Amazon's new venture into physical retail, causing even retail winners of the day Macy's and Kohl's to dip into negative territory, though both soon went back into positive territory. Dozens of other retail stocks also fell at the same time on this news. Investors clearly see Amazon's entry into physical retail as a likely critical aspect not only for the e-commerce titan but also for a number of its possible competitors.
However, previous experience suggests that there may not be much cause for concern in the short to medium term. Amazon bought Whole Foods Markets for $13.7 billion in 2017, but the grocery retailer remains relatively weak relative to other business sectors and has not dominated the physical grocery store arena. Of Amazon's $115.1 billion in revenue in the second quarter of 2021, only about $4.2 billion, or 3.65%, came from physical stores, which mostly consist of about 500 Whole Foods locations.
Over the past six quarters, four reports have shown negative growth for physical stores. Even when there is positive growth, it is only 8% to 10%, while Amazon's online stores are up 13% to 49% and third-party vendor revenue growth is 31% to 60%.
Physical retail is clearly Amazon's weakest point, despite the e-commerce giant's many attempts to break into this market. Given the company's relative lack of success in this area and the small size of stores compared to other department stores, limiting the selection of items that can be featured in any future "Amazon department store," it is hard to see this idea as a serious threat to department stores like Macy's and Kohl's, or more specialized retailers such as Nordstrom or Ross Stores. Nor does it seem likely that the stores would significantly improve Amazon's shipping and return service, given how fast and efficient these services already are.
At this point, the idea of another Amazon physical store complex is unlikely to have much impact on other retailers that have so far managed to survive the retail apocalypse. Perhaps, at best, it will make little profit for Amazon itself, given the dominance and efficiency of its e-commerce operations.
As long as the new "department stores" don't turn out to be something unexpectedly new and game-changing, investors interested in retail stocks may view this latest experiment as neutral for both Amazon and various big box stores, department stores, and clothing stores. It is true even if the stock market briefly responds (or perhaps overreacts) to the new information on this issue.
Great opportunity to buy Amazon.comAmazon is one of the world’s most fundamentally sound stocks. But despite publishing the good results, the stock price drastically fell. The reasons for this fall could be the mayhem in the Chinese IT and education sectors, the profit bookings forced by the delta variant news or even a game played by the operator.
Amazon.com is definitely a buy-on-dip stock. Technically we could have a dip in our hands. Let’s understand how we got a dip here.
If the market participants expect the results to be good, they take stock prices to higher levels with good volumes. From point X to A the stock price had risen 10% breaking the strong supply zone.
Whenever a strong supply zone is broken it becomes a strong demand zone and price comes down to test it. The price came down to point B and bounced to point C. It came down to test again but this time to take on the strong demand zone it opened with a gap-down.
The gap down below this zone removed the bullish participants by triggering long unwinding and bears also gained power. Now bulls will wait until the price reaches the demand zone or a dip. At the dip, if bulls gain power it triggers short covering thus kicking bears out. The dip may be at point D.
The point D we got here is the terminal bar price of the bullish butterfly pattern, which is a fib ratio of 1.618.
This point D lies in an old demand zone that has been tested several times. Historically whenever the price went down this demand zone, it fell by 10% and then rose back. But when it bounced back rose by 10% and a maximum of 18%.
The take profit levels for butterfly pattern will be 0.618 fib retracement of CD and can be trailed up to 1.272 fib retracement.
Buy at 3185 (point D) with SL placed at 3043(SL for butterfly pattern @fib ratio 2)
Reward >= (3511-3185) = 326
Risk = (3185-3043) = 142
RR>= 2.23
Buy at some qty at 3185 and average the price with some more qty if the price reaches 3043 to 2880 zone with SL of day closing price below 2880.
Points to be considered
1) The volumes are lower than the 20 moving average since the major gap-down.
2) RSI is at 28 indicating the stock is oversold.
3) The stock price trading in the demand zone with lower volumes could be a sign of a pullback.
As the markets are down due to early tapering news, these levels may not work.
If you want to be absolutely sure then wait for the price to break out in either direction with good volumes, then consider your position.
Please consult your financial advisor before investing.
Amazon (AMZN) UpdatesAmazon.com (AMZN) Updates
An important gap was the one that marked the day of July 30, when Amazon (AMZN) opened with a -7% and then touched even a -11% in the following days.
Good but not great earnings, but above all forecasts for the next lower than expected Earnings, led to a rather violent sell-off after the price broke the resistance of $ 3553.22 on July 6.
The price has not yet recovered, on the contrary it has continued to fall below the SMA200 to more "stop" on the POC in the 3198.95 area.
Currently there are no signs of recovery, even considering the last two trading days, candles of indecision.
Volumetrically, the best entry level is around $ 2920, but more realistically, $ 3000 is a great entry level.
In reality, we are already on an interesting level, in terms of volume, and the stock has already "discounted" 11% from the highs of July.
Basically, I don't think this is the beginning of a big negative trend, the company is too solid, the services are increasingly excellent and the future prospects, albeit slightly downsizing in terms of EPS, remain excellent.
I therefore believe that this is an opportunity to accumulate, especially for those who, like me, have an excellent average purchase price.
Summarizing entry levels:
current (3199)
3000
2920
Targets:
3553 returns to being a good level of TP
3720
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Lazy Bull
DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
$JMIA Time to WatchJumia is an interesting stock and was a pennystock until they got new management while back. It has recovered, but now it's markcap shows it returning back into a pennystock. At current levels I see an opportunity that you may want to build a position.
News
-Missed on ER, but they have 600mil in cash
TA
-Since I been watching, Jumia has about a 7-8% downside to $17.66 which was resistance back in Aug-Nov 2020. Next point of interest is 28.07 bringing a 45% unside move.
-RSI is oversold leans bullish
-MACD is still bearish and leans more bearish
-Below the EMAs, which is bearish but could have an upside of 7% to try and turn bullish again.
-High vpvr levels at $22 area
Final Thoughts
Overall it's a stock I would buy on speculation, but I'm in ASTR atm so I'll be watching it closely while I look for another trade after I make my gains in ASTR. Jumia has major investors supporting it and its a bet on the African Economy, so maybe do some research on Africa of Covid19 and see how much is being impacted. For myself I don't hear anything about Africa on this matter, so its one piece of news I'm unknown on. Overall I told my friend before it crashed it would hit $50, but now with its MC below $2bil I think its a major steal with a massive upside protentional by years end and maybe the short term.