Amazon: Significant Breakout!The resistance at $189.76 has recently been a major hurdle for the AMZN stock. Since April, the price has essentially been moving sideways along this level, with each breakout attempt being sold off. As envisioned by our primary wave count, the stock has now managed a breakout above $189.76, developing a first impulsive move toward a new all-time high. We expect a more substantial correction only after the larger beige wave III has found its top at a higher level. An earlier sell-off remains possible as part of our 30% likely alternative scenario: this alternative count suggests that the recent peak was the top of the beige alt. b wave, which would lead to a pullback below $145.86 and a fresh low of the overarching blue wave alt. (IV).
Amazonforecast
Should You Buy AMZN Now??Technical Analysis:
- AMZN is still doing a WXY medium term correction in blue
- In the short term AMZN is finishing wave ((3)) in black of ((5)) waves to complete wave (X) in blue
- We expect that the correction will be finished at around
70 when wave ((II)) in black is also completed
- H1 and H4 right side is up
Technical Information:
- Don't buy AMZN now
- If you're either a swing or position trader, you can buy when the correction WXY is completed around 70
Amazon: A Vision in WhiteAlthough Amazon is currently moving sideways after following a downwards slope, we expect the course to drop down further below the support line at $87.59 to reach the white target zone between $85.73 and $65.73, where wave (IV) in white should hit its low. Afterwards, the course should turn back up and push above the support at $87.59. As soon as the course exceeds this mark, it should wander further North to climb above the resistance line at $104.87 and carry on with the upwards trend. There’s also a 30% chance that Amazon could make it above $104.87 earlier already, thus skipping the white zone.
Amazon: Triple Bottom!!Amazon
Short Term - We look to Buy a break of 106.50 (stop at 99.65)
We are trading at oversold extremes. 100.00 continues to hold back the bears. This is positive for sentiment and the uptrend has potential to return. Posted a Triple Bottom formation. Further upside is expected.
Our profit targets will be 124.82 and 130.00
Resistance: 125.00 / 138.00 / 170.00
Support: 100.00 / 90.00 / 66.50
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AMZN Split $ Target if we broke the 133$ resistant , that will confirm the bullish sentiment for Amazon, and the next target will be around the 155$, however if we got rejected and went down to our strong support the 100$, and we close 4h candle below it, then we going to visit the strongest support for AMZN above the 81$.
AMAZON | Sell Opportunity. Get in!If you find this technical analysis useful, please like & share our ideas with the community.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Amazon Analysis 04.02.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
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AMZN Amazon.com: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Amazon.com, Inc. (AMZN).
The chart is self-explanatory. Death cross on the 1D chart recently occurred. RSI and MFI is below the support line. Keep an eye on the Multi-Year Support Line if price starts to break down.
Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI, Death Cross, Simple Moving Average, EMA Ribbons, Volume.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
I have additional charts below on cryptocurrencies, stocks and more to review. Check them out!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Amazon Analysis 05.01.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
AMZN | Strong Bullish Trend!When it comes to AMZN , right now price is near the demand zone and we could expect a bounce off from that area. Even though we seen many rejections from this area, I think still there’s an enough demand left at that area considering the previous impulse to the upside. So I would recommend you to take a buy position when price reaches the S1. And don’t forget to place the stop below the S1. Since there aren’t many strong resistance areas until T1, you could use that area as your first exit point. If the price gaps down and open below the S1, then don’t take the long position.
If you find this technical analysis useful, please like & share our ideas with the community.
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
AMZN |Now is a good time for go long!If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of AMZN , I think we are going to see a strong upward movement. If you are going to go long now, make sure to place the stop below the previous support area .
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
$AMZN Possible 36% Gain?Will $AMZN repeat its last pump?
Lets take a look....
What we know from the last pump...
Clear Bullish RSI Divergence
Clear longer term upwards squeezing
19 Month Consolidation
How are we currently looking?
Right now we have great upward squeeze happening.
$AMZN has been consolidating for the past 17 months.
Along with this a very common Bullish pattern has formed known as a Double Bottom.
We also have strong Bullish RSI Divergence along with volume thinning out on the MACD.
Having volume thin out like this over an extended period of time means a big move is coming....
A great buy signal would be once prices break ATH's and either wait for a retest of the previous trends resistance creating new support or seeing very high buying volume.
I have marked out my personal TP's using the Fib Retracement tool.
Trade at your own risk as this is not financial advice but educational advice.
Trade safe, Trade smart, Trade patiently
Feel free to let me know what you think in the comments !
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 !!
Amazon - Triangle Pattern and Target of $ 4,000Like Tesla , the stock is forming a Triangle Pattern, initially, the slid to around $ 3,000 is probable, then with a quick and powerful movement, the price will rise to around $ 4,000. In order to get the confirmation for the completion of the triangle pattern, the price needs to be closed the above the range of $ 3365.52, which is the end of wave “d “from the triangle pattern.