Amazon Call or Puts ? The Saga Continues Today Amazon broken out of a important trend line. Im bearish on the stock due to the dominant down trending pattern. it also has created a ascending Triangle Pattern at level $94.79 being the top and bullish support developed at $92.29. Please share what do you think?
Major support levels Im watching for a bounce
NASDAQ:AMZN NASDAQ:AMZN
$92.29
$91.62
$90.39
$87.02
Amazonlong
Amazon -> Bullish Scenario Playing OutHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
From a weekly perspective Amazon recently tested a quite obvious previous weekly support area from which we started a quite nice rally towards the upside.
Considering the fact that Amazon also broke above a key weekly downtrend-line, I think that we have some more overall upside potential.
From a daily timeframe we are currently retesting previous resistance which is now turned strong support, so if we see some more bullish confirmation inside of this zone, there is a high chance that we will actually see the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Amazon: Slowly getting there 🐌Amazon is still working on its correction - well, we might have to drag the stock to the green target zone between $95.21 and $85.51 since it is currently moving sideways. Once the green wave is fulfilled within the target zone, the trend can turn back North and rise above the resistance line at $117.50. Our alternative scenario with a probability of 40% implies, that the Amazon stock could ignore the green target zone and exceed the $117.50-mark right away.
Amazon back on the track!Amazon - 30d expiry - We look to Buy a break of 105.11 (stop at 98.39)
We have a Gap open at 28/10/2022 from 110.96 to 97.91.
Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Prices have reacted from 81.43.
Short term momentum is bullish.
Short term bias has turned positive.
A break of the recent high at 104.87 should result in a further move higher.
Our profit targets will be 121.88 and 125.88
Resistance: 103.50 / 104.87 / 112.00
Support: 101.00 / 97.50 / 91.52
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Multi-Month long idea on AmazonAmazon has been beaten down hard this year and I think its time to start scaling in long. Multiple factors are coming into play here as we approach the white line. I plan to start a 1/4th of a total long term position at the white line. As the chart develops and amazon makes its moves, I will update this post as to where I am adding to this long position (if I add).
AMZN Amazon Technical ReboundIf you haven`t sold Amazon`s slowest growth since 2001, with EPS far below analyst predictions:
Then you should know that a technical rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold.
In this case, the Relative Strength Index momentum indicator of AMZN is close to oversold level.
Even though i am overall bearish on the economy, buying a strong financial instrument when the RSI is below 30, would make a case for a potential short term reversal.
The chart is self-explanatory.
Looking forward to read your opinion about it.
Amazon to break back above $100?Amazon - 30d expiry - We look to Buy a break of 105.01 (stop at 100.26)
103.78 has been pivotal.
We are trading at oversold extremes.
Prices have reacted from 85.88.
In our opinion this stock is undervalued.
Previous support, now becomes resistance at 105.
A break of resistance at 105 should lead to a more aggressive move higher towards 115.
Our profit targets will be 116.88 and 119.88
Resistance: 95.00 / 101.00 / 105.00
Support: 90.60 / 85.88 / 80.00
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Buying Amazon lows.Amazon - 30d expiry - We look to Buy at 103.11 (stop at 97.97)
101.26 has been pivotal.
101.43 has been pivotal.
We look to buy dips.
We look for a temporary move lower.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
Support is located at 102.00 and should stem dips to this area.
Our profit targets will be 116.16 and 119.16
Resistance: 117.00 / 121.50 / 125.50
Support: 110.00 / 105.50 / 102.00
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Amazon at key area? Amazon
Short Term
We look to Buy at 125.43 (stop at 118.42)
Preferred trade is to buy on dips. Short term bias is bullish. 50 1day MA is at 125.00. Further upside is expected although we prefer to set longs at our bespoke support levels at 125.00, resulting in improved risk/reward.
Our profit targets will be 144.72 and 157.53
Resistance: 146.00 / 170.00 / 188.00
Support: 125.00 / 116.00 / 102.50
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
8/3/22 AMZNAmazon.com, Inc. ( NASDAQ:AMZN )
Sector: Retail Trade (Internet Retail)
Market Capitalization: $1.420T
Current Price: $139.52
Breakout Price: $140.70
Buy Zone (Top/Bottom Range): $129.20-$113.70
Price Target: $143.70-$146.00 (2nd), $154.00-$156.10 (3rd)
Estimated Duration to Target: 23-26d, 54-59d
Contract of Interest: $AMZN 8/26/22 145c, $AMZN 9/16/22 145c
Trade price as of publish date: $2.75/contract, $4.40/contract
Time for a bounce on AmazonAmazon
Short Term
We look to Buy at 105.87 (stop at 100.99)
Preferred trade is to buy on dips. The reaction higher is positive and highlights a clear reversal. Previous support located at 100.00. Risk/reward is ample to call a buy trade.
Our profit targets will be 116.09 and 125.19
Resistance: 129.00 / 135.00 / 170.00
Support: 100.00 / 85.00 / 67.27
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. [/b The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
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
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Amazon Pricing in a Great Recession...This is simply an observation: The yearly return on Amazon (AMZN) is approaching the yearly return it had during the Great Recession. Are markets becoming too fearful? Are we truly as worse off now as we were during the financial collapse in 2008?
History has shown that more likely than not, ten years from now most people won't even remember why there was panic selling in June 2022. How many people remember why the stock market crashed in May 2010, August 2011, or August 2015? The VIX was much higher in each of these months than it is now.
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.