Potential Long - BUY AMAZONNice bullish momentum with the break above previous structure.
load to Go NORTH !!
Amazonlong
AMZN Buy Opportunity AMZN has formed a large double bottom buy, continuation of the bullish uptrend is likely, with the recent formation of this rounded bottom.
AMZN Gap FillAMZN Gap Fill is well underway. Already have confirmation on the 5m, 15m, 30m, 1hr charts. With the way it popped yesterday, Don't be surprised if we get back to $1900 in short order.
*Key Support at $1865 held and that's where she opened this morning
*Immediate bounce up to $1880 level showed some pretty good strength while rest of market was searching for direction - except for $TSLA which apparently just hit ludicrous speed...
*Retraced to 1870 after bump up to $1883...didn't even bother to make double bottom shows the bulls are still in control.
*Following identical pattern to yesterday's slow, continuous buy-build-buy-build basing.
*Bull pennant and nice strong uptrend (maybe a better indicator than the gap fill) has formed on 5m candles and continues to hold.
AMZN Amazon SPRING + DARK POOL TRADES = HAPPY NEW YEAR: GAP UP!!
AMZN technicals pointing to more strength. Expect big GAP UP before opening on Jan 2nd!
Dark Pool Trades have been pouring into AMZN - roughly $3B in last 2 weeks.
Long term uptrend channel former resistance now offering strong support.
Three day downtrend was broken today during consolidation & shows bullish pennant forming.
Downtrend/Pullback from $1900 was caused by end of year writeoff selling for tax purposes - expect those positions to reenter and bandwagon buying from other underperforming retail stocks.
Amzn had record breaking christmas sales - best sales ever reported. Same day and one day also Quadrupled YoY vs quarter 4 of last year.
Short of Entire Market having big time pullback, expect AMZN to continue strong upward move through earnings .
Be prepared to sell earnings . It's no secret that earnings on AMZN will be off the chain - sell the news likely generates our next pullback, but stock will probably be 100-200 points higher if it follows other earnings releases (stock runs up sharply prior to earnings )
New Years BUMP (for all stocks) has historically occurred during first week in January. That will push AMZN even HIGHER than it's momentum...expect $1900 in short order.
NOTE: Watch the SPRING! For more info on institutional spring which may or may not happen since today is a holiday for many, google the Wyckoff Spring.
Why amazon jumped ?!Christmas is over, Kwanzaa is just beginning, Hanukkah is just past its midpoint, and retailers are beginning to take stock of their performance during the holiday season. So far, one of the big takeaways this year is that consumers rushed to e-commerce sites to lock down early and last-minute gifts.
Between Nov. 1 and Christmas Eve, U.S. retail sales climbed 3.4% year over year, according to newly released data compiled by Mastercard (NYSE: MA) SpendingPulse. A breakdown shows that online shopping generated the majority of those gains, as e-commerce sales soared 18.8% during the period, compared to a 1.2% increase at brick-and-mortar stores, according to the report. Digital sales accounted for 14.6% of the total retail sales (a new all-time high).
One of the biggest beneficiaries of that trend was no doubt Amazon.com (NASDAQ: AMZN), and its stock is up more than 4% on the news that shoppers flocked to its platform in record numbers this holiday season.
Possible Long Entry AMAZON (AMZN) Update 26/12/2019Entry: 1786
Stop Loss: 1733
Target: 1997
Risk/reward ratio: 1:4
Possible Long Entry AMAZON (AMZN) Update 24/12/2019Entry: 1786
Stop Loss: 1733
Target: 1997
Risk/reward ratio: 1:4
Amazon in a long level, up to $1850 then $2000?Amazon drops into a key support level where it rotated a few times right at $1745 now its showing signs of strength and volume is starting to increase. It's been in a strong range for 4 months now and it looks like its about to break above. As long as retail numbers don't disappoint in the next few months we'll hit the first target at $1845-1850 and then into $1900. We need to see price break above the year to date POC and hold it as support. Volume on the move higher is really important as well.
Disclaimer: This idea is for educational purposes only, this does not constitute trading or investment advice. TRADEPRO Academy is not responsible for any market activity.
Amazon stock back up to $1950-$2000.Amazon stock has been on the rise for the past few days on strong volume through some key resistance points, one being the year to date POC. The upside structure is starting to build up as well, as the low that caused the move higher was higher than the previous drop. The volume on the recent pop shows promise to the upside. There is a resistance point that is coming up which may spell trouble for the stock.
The resistance between $1845 and $1865 is based on a previous peak high and the 100% Fib extension on the current move. This level could push price down again into the $1770 support however if it breaks the upside is going to open.
Tech has gone up nearly 50% this year alone and Amazon is a lagger, the retail spike during the holiday season will have some effect on the upside of the stock as well.
Disclaimer: The following idea is for educational purposes. TRADEPRO Academy is not held liable for any actions taken in the market as a result of this idea. This idea does not constitute investment or trading advice.
AMZN long setup and detailed explanation - 1:3 Risk-RewardAmazon daily chart shows higher lows and higher highs. I have decided to go long with a proper risk management. I'm going to risk ~2% of my account here.
AMZN LONG TRADE SETUP:
Entry: 1739.43 (or at the opening of 18th Nov)
SL: 1681.62 ($57.81 from entry)
1. TP: 1811.69 ($72.26 from entry - 1:1.25R)
2. TP: 1933.25 ($193.82 from entry - 1:3.35R)
Risk: ~2%
WARNING: Winning probability is lower than 45% (by the day of execution)
DESCRIPTION:
Say you have $10,000.00 in your account. How much would you risk per trade? My maximum risk appetite is 2%. In this case, I'm planning to risk $200.00. Let's calculate our position size:
IMPORTANT: If you are new to trading, you want to risk lower. Preferably lower than 1%.
Stop loss value = Entry - SL = 1739.43 - 1681.62 = 57.81
For short setups, you need to use absolute value. That's why we are getting absolute value of stop loss value. In this case, we will not need to use ABS, but let's make a habit of doing it.
Stop loss value = ABS(Stop loss value)
Position size = Risked amount / Stop loss value
Position size = 200 / 57.81 = 3.46
We can not buy 3.46 lots (3 or 4). If I buy 4 lots, my risk is going to be $231 (2.31%) and if I buy 3 lots my risk is $173.46 (1.73%). I'm okay with 2.31% as it's lower than 3%.
Note that as your account balance grows (or if you have a higher account balance), you want to risk lower to be consistently profitable. Losing $200 may not hurt you but if you have $100,000.00 you don't want to risk $2,000.00 per trade. Sooner or later, you are going to have consecutive losses.
Margin = Lot x Entry price = 4 x $1739.43 = $6957.72
After entering this trade, i will still have $3042.28 in my account balance. I have used only 70% of my account balance for this trade.
SUMMARIZE:
Risk = $231 = 2.31% of entire balance
Margin = $6957.72 = 69.57% of entire balance
Available balance = $3042.28
1. Target profit = $289.04
1. Target probability is lower than 45% (by the day of execution)
2. Target profit = $775.28
2. Target probability is lower than 40% (by the day of execution)
DISCLAIMER: I'm not a financial advisor. This article is shared for educational purposes only and should not considered financial or investment advice. Please do not follow my trades.
Please remember to follow me on TradingView
Trade safe,
Atilla Yurtseven
Amazon LongBullish divergence on the Daily on the MACD and the RSI - green line
We can see how the price consolidates inside in what it seems to be an ascending triangle - blue line. Formations like this tend to break upwards.
Regardless the direction of the breakout , we currently trade in the low are of the consolidation and just bounced off the demand trend-line getting ready to travel north towards the flat top .
Amazon starts to look bullish Weekly chart looks good. We are in an uptrend as of today. We have reached support at the 100 moving average. Anticipating a move up this coming week.
Amazon to return to above $2000I've been watching Amazon for a while now with the expectations of a return to its past levels of over $2000 and it seems the time for that may be just around the corner. Here I've displayed NASDAQ:AMZN completing a Gartley pattern on a weekly timeframe and have also referenced the RSI which seems to show that there is still a comfortable amount of room to run should we not diverge. On the daily timeframe we have also completed an Elliott wave that lasted from February until June giving further evidence the bulls should continue to take Amazon higher.
In addition to all this, I expect the G20 summit to result in some form of positive news as well equity indices to maintain their rise in anticipation of a July rate cut. Of course trade with caution as these macro influences are never guaranteed of being bullish, recommend a trailing stop or a stop loss set around 1850.
Amazon AMZN LongHi guys its Brian here with a long opportunity for Amazon AMZN.
Amazon was previously in a down trend but bounced off the previous resistance which became a strong support. The price is showing strong bullish momentum and possible profit targets could be 0.382 or 0.5 fib extension levels at 1923 or 2000 respectively.
www.brianchai.com
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Elliott Wave View: Further Rally in Amazon (AMZN)Since bottoming on December 24, 2018 low, Amazon (ticker: AMZN) has continued to recover. The sequence from December 2018 low remains incomplete with 100% extension coming at $2033 – $2143. In shorter cycle, we can see from the chart below that the pullback to $1818.90 ended wave 2. Wave 3 is in progress and subdivides as an impulse Elliott Wave structure. Up from $1818.90, rally to $1876.47 ended wave ((i)) with subdivision also as an impulse of lesser degree. Wave (i) of ((i)) ended at $1853.67, and wave (ii) of ((i)) ended at $1840.26. Wave (iii) of ((i)) ended at $1869.72, wave (iv) of ((i)) ended at $1852.50, and wave (v) of ((i)) ended at $1876.47.
The stock then pullback in wave ((ii)) and ended at $1845.28. Internal of wave ((ii)) unfolded as a zigzag where wave (a) ended at $1855.01, wave (b) ended at $1870.82, and wave (c) ended at $1845.28. Wave ((iii)) is in progress and Amazon can see 1 more leg higher to end wave ((iii)) before pulling back in wave ((iv)). Similar to wave ((i)), the internal of wave ((iii)) subdivides as an impulse structure in lesser degree. Wave (i) of ((iii)) ended at $1894.95, wave (ii) of ((iii)) ended at $1882.50, wave (iii) of ((iii))) ended at $1929.26, and wave (iv) of ((iii)) ended at $1916.59 and wave (v) of ((iii)) ended at $1933 peak. Below from there it is in wave ((iv)) pullback. The stock should continue to find support in 3, 7, or 11 swing as far as wave ((ii)) pivot at 1845.71 remains intact. We don’t like selling the stock.
Flag and Pennant at $AMZNWe can see a sharp 15% rise in the of AMZN from the 8 to the 21 of march
Then we can see a little consolidation with a support at around 1747$
AMZN today just broke the upper trendline and I am now looking to long it around 1815$
Stop Loss is just slightly below the support line of the pennant at around 1740$
Profit Take would be the height of the flag + the lower trendline (support) of the pennant. This would result in a profit take at around 1980$ resulting in a 2.2 risk/reward ratio.
AMZ thoughts1. Enter a long position under 1550, close out your position 1830-1885. Target will be reached at the end of the year.
2. Enter a short position above 1800, close out your position 1600-1650.
3. Enter a long position under 1680.
BLOX CALLS TOPS [AMAZON] Technical Analysis & Forecast Daily chart of AMZN . As we can see here the chart is still in bearish territory as we sit below (45) on the RSI with last weeks hidden bearish divergence seemingly playing out. We have our bearish continuation pattern of the October double top @ 2000 being respected and now confirmation of new resistance at the 1800 mark. We have clear rejection of the golden ratio (.618) on our Fib @ 1799 and per Elliott Wave Theory , we are on leg (C) of the corrective wave which shall fall until we rest nicely around 1000-1100 level --- to revisit our present 200MA. We have entered a short this morning @ the open of 1638 and have a tight stop loss @ 1700. Short term target at 1485. Enjoy your weekend everybody. As always, BLOX CALLS TOPS!
Amazon: Best time to buy for $3300.Amazon completed last month a decline of more than -30% unsettling investors. But is such a % loss in price that uncommon?
A more careful look into AMZN's price action (log scale) since 2009 and after the markets stabilized from the 2008 crisis, shows that the stock had pull backs of around -30% on another 4 occasions. Each time the stock grew by a minimum of +134.50% in the monthly candles that followed until the new -30% decline occurred. The quickest of the growth periods that followed was conducted in 14 months.
If we apply those parameters on today's price action we can assume that November's 1,420.00 was the bottom and by January 2020 (14 months) Amazon will complete a +134% rise near 3,330.
Technically the 1M technical indicators are in favor of a sustainable uptrend from now on as an RSI of 67.035 and Highs/Lows of 85.6885 are characteristics of an uptrend channel while the neutral RSI = 52.949 and Highs/Lows = 0.0000 on top of a bullish MACD = 0.950 on 1W, characteristics of a support.
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AMZN Long RangesSome good long ranges and associated stop ranges. Green is decent, close stop. Purple is a alright but be prepared to take a bigger hit from the gap to its stop. Teal is the best, super close stop and solid upside.
AMAZONPossible completion of a Shark on the Amazon chart. Two possible C points of the pattern, converging in the area of the 0.886 retracement – 1.13 extension ($ 1970/2100). Stop loss at $ 1395/1400.
