Amazon - Massive Resistance AheadHello Traders, welcome to today's analysis of Amazon.
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Explanation of my video analysis:
With the quite obvious and expected channel breakout in 2016, we saw a rally of more than 500% towards the upside on Amazon. This pump was followed by a retracement back to a previous support level before we saw another bullish reversal. If Amazon breaks back above the structure mentioned in the analysis, market behaviour is bullish and I will be looking for longs.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
Amazonlong
Amazon To Sell Hyundai Vehicles OnlineAmazon will begin selling Hyundai vehicles online in the U.S. starting next year, the two companies said on Thursday.
Customers will be able to shop for, equip and buy a car at Amazon.com and schedule delivery through a local Hyundai dealer, the companies said.
The agreement is an expansion of a deal announced two years ago to expand Hyundai's digital showroom on Amazon.com, enabling customers to configure a vehicle, calculate the price and locate a dealer to complete the sale.
Hyundai set up its first digital showroom on Amazon in 2018. The new agreement also will enable buyers of new Hyundai vehicles in 2025 to access Amazon's Alexa voice assistant from their cars.
Hyundai has selected AWS as its preferred cloud provider to accelerate its digital transformation using broad and industry-leading AWS capabilities—from compute, storage, database, and analytics to generative AI and Internet of Things (IoT). As part of a new multiyear agreement, Hyundai will become a more data-driven organization with a cloud-first technology strategy, migrating its current on-premises applications—which support everything across research, product engineering, and customer engagement—to AWS. Hyundai will prioritize business cases like manufacturing and supply chain to help optimize production and minimize costs, security and disaster recovery for resiliency, and connected vehicle development to bring new features to drivers around the globe. AWS and Hyundai have designed and implemented a Master Builder training and certification program to train Hyundai engineers in critical cloud skills.
Technical Analysis
AMZN is trading near the top of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
Amazon (AMZN) -> Growing With E-CommerceMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Amazon.
Looking back at January of 2023 you can see that Amazon stock perfectly retested and already rejected the support trendline of the rising channel and also a previous resistance level.
With Amazon currently retesting resistance at the $141 level, I do expect a minor rejection but then I would love to see a break and retest and another push higher to retest the channel top.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
Amazon -> Continuation TradeMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️
I am trading the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Amazon.
After the recent rejection away from the lower support trendline of the rising channel I do now expect a short term correction back to the $105 level. Then we could see an inverted head and shoulders pattern which indicates more upside potential and eventually new all time highs.
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When the market moves where, and how, and if - these are all unknown.
The only thing which you can control is your risk.
- Philip Basic Trading -
Keep the long term vision🫡
"Amazon's Intriguing Stock Movement”**Amazon (AMZN): Recent Bullish Trend**
In the last five hours of trading, Amazon (AMZN) has displayed a clear bullish trend. The stock's price surged, driven by strong buying momentum and positive news surrounding the company's expanding e-commerce ventures and cloud computing dominance. Technical indicators like the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) both suggest a bullish sentiment. Investor optimism appears robust, and AMZN is on an upward trajectory.
AMZN to $157.00 in less than a monthToday 9/13/2023 AMZN broke resistance at $144. The 8 hour time frame is showing a golden cross and all exponential moving averages above the 200 (orange line) & 50 day ema (pink line). To step it up for even more confirmation the 10 day ema (baby blue line) and 20 day ema (yellow line) shown by the blue and yellow lines also reflect a bullish break of structure. Our target prices to look for are: $147.27 the upside before we potentially break $150, and if we fall expect the ticker to hold at $138.16 to the downside for solid support in the supply zone.
Before 9/15/2023 we want to see AMZN above $145.19.
The question is why is AMZN so bullish?
Theoretically it could be based on the momentum of ADBE reporting earnings on the evening of 9/14/2023.
The next thought is the demand of AMZN web services and increase of it's AI innovation for the ecommerce aspect of the company.
Many are calling for $160 before the end of November. What are your thoughts?
Amazon (AMZN) Breaking the RED line and 100$ wall was a big short signal and now we heading to another big support level which is 80$
Wall Street equities were in the red on Monday with Nasdaq leading declines as investors worried the Federal Reserve's monetary policy tightening campaign could push the U.S. economy into a recession.
while Amazon workers will go on formal strike for the first time in the UK, The three major U.S. stock indexes were on track for the fourth straight day of declines since Wednesday, Fed Chair Jerome Powell took a more hawkish tone than expected when the central bank raised interest rates. Powell promised further increases even as weak data showed signs of a weakening economy.
The S&P 500, the Dow Industrials and the Nasdaq have sold off sharply for December, on track their biggest annual declines since the 2008 financial crisis.
Im not close my shorts till we back to 70$ level
are you READY for 2023?
Amazon Long Eearnings 52 Week High hit New 52-week highs this week, powered by the Dow which, on Friday, extended its streak of positive days to ten — something the blue chip index has not done in almost six years. The Dow has been powered by, among other things, a slew of corporate financial results, particularly from the banks, which showed not only improved profitability, but also strong guidance for the next quarter and full year.
I have explained 2 bullish scenarios,1 bearish(worse case).
Bullish:
higher highs higher lows
poc uprising
volume increasing
capital flow rising
In case the Take profits hit, and we have increased volume, I will ride the trend.
I will only take profit 10% of the amazon portfolio and let the profit run.
Exit :Stop loss or trend change signal
Amazon W Formation looking sweet to $152.00 About the Co. On the daily Amazon has formed what's known as a Short Formed W Formation.
This is where the second rounding bottom has a HIGHER low than the first.
This is more bullish than a standard W Formation, IMO, because it means the bulls did not let the price get to the previous low.
The fact that the price has broken up and out of the neckline, shows strong buying momentum, which will push the price higher.
Other indicators confirm...
7>21>200
RSI>50 - Higher lows
Target $152.00
ABOUT THE COMPANY
Amazon.com, Inc. is a global technology company focusing on e-commerce, digital streaming, artificial intelligence, and more.
Founding: Amazon was founded by Jeff Bezos on July 5, 1994, in Bellevue, Washington, USA.
First Product: Initially, Amazon was an online marketplace for books.
Name Origin: Bezos chose the name "Amazon" to suggest scale (Amazon River is one of the largest rivers in the world) and because it started with "A," which would appear early in alphabetical order.
Public Listing: Amazon went public on May 15, 1997, and is listed on the NASDAQ.
Expansion: After books, Amazon expanded to sell music, videos, and, eventually, everything from groceries to electronics, clothing, and more.
Global Presence: Amazon operates in multiple countries around the globe, including the United States, Canada, United Kingdom, Germany, France, China, Japan, and India.
Amazon Prime: Launched in 2005, Amazon Prime is a subscription service offering free two-day shipping, streaming music and video, and other benefits.
AWS: Amazon Web Services (AWS), launched in 2006, provides on-demand cloud computing platforms and APIs to individuals, companies, and governments.
Kindle: In 2007, Amazon introduced the Kindle e-reader, revolutionizing the book industry by making digital books popular.
Employees: Amazon is one of the world's largest employers, with over a million employees
Physical Stores: Amazon also owns physical stores, including Whole Foods Market (acquired in 2017) and Amazon Go, a chain of cashier-less convenience stores.
Devices: Apart from Kindle, Amazon has produced several successful electronics, including the Fire TV, Fire tablets, and Echo smart speakers, which feature the voice-controlled AI assistant, Alexa.
Amazon -> Finally BullishHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Amazon stock is currently breaking above a major previous weekly structure area exactly at the $105 level which is now turned support.
You can also see that over the past months, Amazon has been creating a solid double bottom, weekly market structure and moving averages are also very bullish, so I am now just waiting for a retracement and then I do expect more continuation towards the upside.
On the daily timeframe you can see that with today's candle, Amazon stock is perfectly breaking above a major previous daily resistance area at the $112 level which is now turned support so I am now just waiting for a retest and then I am looking to get long on Amazon.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
AMZNHello ladies and gentleman
chart of amazon stock
Like we as see
Break key level with two candles
We have close candle above key level
And If we see first candle on the support
We can call it bullish engulfing
So now we can analyse what we can expect from
The price action
High probability to keep rise to next resistance
In next mounth
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Thank you
Amazon -> Bullish Trend ReversalHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Amazon stock just recently retested and already rejected a quite strong previous weekly support zone at the $85 area which was turned strong support once again.
You can also see that from a weekly perspective we do have the possibility to created a double bottom and start a new bullrun from here so I am now just waiting for a break above the neckline at $105, followed by a retest and then more continuation towards the upside.
On the daily timeframe you can see that Amazon stock is already creating bullish market structure, however I am still waiting for a break above the $105 resistance and a retest before I definitely do expect more continaution towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset: