Doing the Splits (Amazon)Amazon
Short Term - We look to Sell at 136.62 (stop at 146.49)
Preferred trade is to sell into rallies. Previous support, now becomes resistance at 137.00. There is scope for mild buying at the open but gains should be limited. The 50% Fibonacci retracement is located at 136.05 from 170.83 to 101.26.
Our profit targets will be 102.56 and 91.98
Resistance: 137.00 / 150.00 / 170.00
Support: 115.00 / 102.00 / 85.00
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.
Amazonshort
AMZN Amazon valuation is still high! If you haven`t sold Amazon.com, Inc. (AMZN) at $2891, when you saw the slowest growth since 2001:
Then you should know that the 51.89 Price per Earnings ratio is still high compared for example to BABA, Alibaba, who has the same business model, but a P/E of 23.39 - which is still high, btw. Should be around 18 in my opinion.
So my price target for AMZN is $1900.
Looking forward to read your opinion about it.
AMAZON LONG TERM PRICE ZONE CHANGING Amazon.com, Inc. engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores. The company also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Rings, and Echo and other devices; provides Kindle Direct Publishing, an online service that allows independent authors and publishers to make their books available in the Kindle Store; and develops and produces media content. In addition, it offers programs that enable sellers to sell their products on its websites, as well as its stores; and programs that allow authors, musicians, filmmakers, Twitch streamers, skill and app developers, and others to publish and sell content. Further, the company provides compute, storage, database, analytics, machine learning, and other services, as well as fulfillment, advertising, publishing, and digital content subscriptions. Additionally, it offers Amazon Prime, a membership program, which provides free shipping of various items; access to streaming of movies and series; and other services. The company serves consumers, sellers, developers, enterprises, and content creators.
For 2 years, from 2018 to 2020, price range between 1596 - 2038 zone.
With the insane money printing of FED, price range increased to a lot higher zone between 2883 - 3752.
This zone lasted for 1.5 year.
Price breakdown from that zone to the 2448 support but this is not a strong support.
If price cant go back up to the 2883 - 3752 zone it will retest 2448 and probably breakdown to the 2038 zone.
Below 2038 price will consolidate and go back to the last zone of 1596 - 2038.
Important support levels for long term targets
2448 if price cant hold it and breakdown below, price can go much lower.
2038
1723
1596
1344
Important resistance levels for long term targets
2696
2883
Upward price movements will be limited because FEDs actions and investors should very careful with long positions.
Thanks.
Follow for more ideas and charts.
is Amazon about to fall?After checking in high timeframes (1d, 3d and 1w) and set up pivote zones, resistances and supports and also checked indicators for price-action patterns i got notice that Amazon stonks will be under bearish trend soon. I think there are 2 important dates which AMZN stonks will fall strongly first one in June and the second one in November.
SELL AMAZON TODAYGOOD EVENING,
1)we are below the VWAP .👌
2)bear divergence confirmed by STOCHASTIC .💪
3)protected by the last resistance. 💪
all these indicators say sell in a loud voice.
so sell and open your wallets.🤑
+IF IT BREAKS UP BUY AT 3439,00
+IF IT BREAKS DOWN SELL AT 3182,00
BUT TODAY SELL ANYWAY BECAUS THE VWAP IS A VERY STRONG RESISTANCE
GOOD LUCK.❤️
Amazon: Weekly Moving Average Resistance Amazon - Short Term - We look to Sell at 3219 (stop at 3346)
Preferred trade is to sell into rallies. Previous support, now becomes resistance at 3200.00. 20 1week EMA is at 3167. The 50% Fibonacci retracement is located at 3219 from 3762 to 2671. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 2768 and 2635
Resistance: 3200 / 3500 / 3700
Support: 2700 / 2500 / 2200
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 move below 2700 implies more losesBuyers stepped out of this item at 3757 first on July last year then it retested the same price point on November 21, since it couldn't move above it then sellers took charge and now they are trying to push price below 2700. If 2700 gives way then it falls towards 2000 given that monthly RSI reading is at 49 implying that there's space to the downside.
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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 short - Earnings magicThose cheeky accountants huh, who doesn't love them. Hahaha
For real tho, this move will hurt them in the end even more IMO.
That earning report is a joke, for real tho, read it.
How do you justify that collapsing IPO (Rivian) carried this earning report?
Scalling in all the way until 3760 hits - thats where I will most likely lose my mind
But on the other hand 2700 looks like a certainty before 3760.
Yes, the R:R is not great, but I will enter every time I get an opportunity with tight SL until one of those given targets gets hit.
Amazon: Short Off of Earnings? Amazon - Short Term - We look to Sell at 3230.10 (stop at 3385.05)
Preferred trade is to sell into rallies. Previous support, now becomes resistance at 3200.00. 50 1day EMA is at 3200. The 50% Fibonacci retracement is located at 324.59 from 3762.15 to 2708.83. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 2708.83 and 2635.00
Resistance: 3000.00 / 3200.00 / 3700.00
Support: 2700.00 / 2500.00 / 2200.00
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 (AMZN) TA SCENARIO IDEASo I did a technical analysis on NASDAQ:AMZN and here is my idea/point:
Bearish:
(not perfect) hammer candle followed by a bearish confirmation
Stock in a clear downtrend
Ema not showing any trend reversal sign or upwards correction ( no crossing movement)
AMZN broke a strong support level
Bullish:
RSI showing a very Strong Support, so Price may bounce off ( MAY ), we need confirmation in the following Week/Days, I'll update the idea
For me, the stock is showing a lack of bullish signs and is therefore bullish, BUT wee still need confirmation on the RSI support Bounce-off/breaktrough.
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AMAZON failed to break the resistanceAMAZON failed to break the key level of a long range which may lead to huge dip with all new investors that came last year.
Old investors were distributing their stocks to new ones for a very good price.
The short position is possible.
The best buy opportunity is at or around trend line.