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From Prime to Subprime: Why December Could See AMZN Fall As always, we like to keep it clean and simple, with technicals and analysis that's easy to see and understand. Let's get into it: AMZN could see a modest correction this December. It's at an all time high, and well into two Wave 5 sequences on the 4h. It's also overbought on an least two oscillators. We see a 5%+ correction to the $215 price range in the coming 3-4 days . SUPPORTING OBSERVATIONS: Recent Rapid Stock Appreciation: AMZN has seen a significant rise, gaining 14.1% since November 29, 2024. Such swift increases can lead to overvaluation, prompting investors to take profits, supporting the reversal to $215. Seasonal Competitive Pressures: Ho ho ho. The holiday season intensifies competition, often leading to increased discounting and promotional activities. This can compress profit margins, potentially impacting Amazon's financial performance and investor sentiment. Investment in New Ventures: Amazon's substantial investment in initiatives like Project Kuiper, its satellite internet project, involves significant capital expenditure. While promising long-term, these ventures may pressure short-term profitability, causing some investors to reassess their positions. Be alert. Trade green.
NASDAQ:AMZNShort
by JC7USA
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).
NASDAQ:AMZN
by MarketIntel
$AMZN IS ABOUT TO EXPLODE! BUY NOW OR FOMO LATERNASDAQ:AMZN 💥 NASDAQ:AMZN IS ABOUT TO EXPLODE! 💥 I first called out NASDAQ:AMZN on October 21st as it was setting up for a huge move and CupnHandle breakout. Here's 3 reasons to not miss this investing or trading opportunity. Price targets at the end. 1.) HIGH FIVE SETUP (Check the numbers below and you will see. 1-Breaking out of cupnhandle & symmetrical triangle pattern. 2-Volume profile gap from a volume shelf. 3-Uptrending MACD. 4-Higher Highs on RSI. 5-Uptrending Stoch. (trend). 2.) #Amazon margins and FCF are growing rapidly and will continue this uptrend heading into the holiday season with a RESILIENT AMERICAN CONSUMER. 3.) It's a BUY according to the fundamentals especially when valuing this company according to it's Discounted Cash Flow (DCF). Intrinsic Value: $250 🎯PT1: $231 (Symmetrical triangle measured move) 🎯PT2: $310 (Multi-year CupnHandle Measure Move) Are you a shareholder? or Are you trading this name? I'm done for the day! Going to be with my wife on her birthday and go trick or treating with my boys. Thanks for all the support, much love! LIKE l FOLLOW l SHARE HAPPY HALLOWEEN! #Earnings NFA
NASDAQ:AMZNLong
by RonnieV29
5
Amazon’s Next BIG Move: Can It Bounce to $207 from Key Support?If Amazon holds strong at $194.31, it could be setting up for a run to $207.30. This level is both a potential target and a great take-profit zone if the bounce holds. Let’s break down what to watch for as this setup unfolds!" Trade Setup Details: Support Level at $194.31 Right now, $194.31 is acting as a solid foundation. If Amazon finds buyer interest here, it could kick off a new upward move. Target Zone: $207.30 If the support holds, $207.30 is the next target. This level is likely to see some selling pressure, making it an ideal area for profit-taking on a successful bounce. Beginner Tip Keep an eye on how Amazon reacts around $194.31. Look for strong buying signals (like a bullish candle) before entering, and consider setting your take-profit level around $207.30 to capture gains if the bounce holds. Happy Trading Kris/ Mindbloome Trading Mindbloome Exchange
VANTAGE:AMAZON
by Mindbloome-Trading
AMZN - Weekly Bearish SignsNASDAQ:AMZN ’s recent price action suggests that the stock may be poised for a further decline. After reaching the top of the long-term channel, Amazon’s price has pulled back and is now facing renewed selling pressure. This technical setup aligns with broader market concerns, particularly in light of recent economic data. The rise in unemployment claims and disappointing PMI data signal growing economic uncertainty, which could weigh on consumer spending and, by extension, Amazon’s revenue. As the market digests this data, the technical weakness in Amazon’s chart could be a precursor to a more significant downturn, especially if economic conditions continue to deteriorate.
NASDAQ:AMZNShort
by Sober_Trading
Amazon is in a long short race!Amazon is in a long short race! This chart shows the weekly candle chart of Amazon stocks over the past two years. The top to bottom golden section of July 2021 is superimposed in the figure. As shown in the figure, the low point of Amazon stock in early January 2023 hit the 2.000 level of the golden section in the figure, and is now in the second largest wave of rebound, breaking through the 1.000 level of the golden section! The next strong pressure level for Amazon stocks is at 0.618 on the golden section in the graph!
NASDAQ:AMZN
by Think_More
Amazon Analysis 10.01.2023Hello 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!
NASDAQ:AMZN
by basictradingtv
27
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.
NASDAQ:AMZN
by MarketIntel
AMAZON close to the round number 📖💡🚀Hello 🐋 Based on the chart after a long time, correction to the downside the price is close to the round number $100, major support and the channel support ✔️ if the price doesn't break the round number and the major support to the downside we will see gain from here beside, the range market is an acceptable scenario too 📖💡🚀 otherwise we can see more gain from the previous low ❌🧨 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
NASDAQ:AMZNLong
by MadWhale
5