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Amazontradingsetup

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.
NASDAQ:AMZNLong
by DontListenToThisClown
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.
NASDAQ:AMZNLong
by TRADEPROAcademy
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.
NASDAQ:AMZNLong
by TRADEPROAcademy
Will Amazon continue to slide?Amazon is making perfect parallel channel and we are looking if price breaks parallel channel, short position can be opened when daily close is below 1720 for a target of 1410. Another confirmation is to wait for bearish candle on daily right below channel. SL 1850 If price continues going down below 1410 it will complete double top formation. Price breakout below 1350 breaks neckline, and short positon can be opened when daily close is below 1350 for Target’s of 1210, 1010, 751.. Another confirmation is to look for volume surge around breakout of neckline. Do your own research and if this matching with mine then you are ready to go! Please, take a second and support my effort by hitting the "LIKE" button, that the only fee from You!
NASDAQ:AMZNShort
by AnkitSalgia
2
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.
NASDAQ:AMZNLong
by Elliottwave-Forecast
Amazon (AMZN) to 700 Within 15 Months? Or Blow Off Top?Since my first Amazon analysis, we rallied higher towards a potential double top target, but we met resistance pretty quickly and have begun to drop. There's no need to panic yet, because it seems like the uptrend from 2015 is still intact (in orange). However, if that fails, we may have to head all the way down to our long term log support (in purple), especially if the recent low at 1300 falls. If we follow this descending resistance (in red), this would give us a bottom target near 700 by June, 2020. Total speculation though. A correction is needed in the tech space, as many of these stocks have risen too high for too long. This sort of growth is unsustainable, and we're already seeing some warning signs (jobs waning and earnings not as stellar as they expected). I've already talked at length about why I think the tech bubble needs to pop in my other analyses, so I won't write more about it here. In any case, if we happen to move up from here, we might have a blow off to the top of the channel. As you can see, that would take us above 2000. In sum, trading setups would be - SHORT breakdown of 1300 - target 700 LONG the breakout towards 2200 (a little more risky, but a possible scenario nonetheless). Zoomed Out: This is not financial advice. This is for future reference and speculative purposes only. I don't hold any positions in the stock market at this time. Previous AMZN chart linked at bottom. -Victor Cobra
NASDAQ:AMZNShort
by VictorCobra
RECESSION is clear...The steady decline of Amazon is clear to see if you just open your eyes, but people don't want to do that as they are brainwashed!! A recession is coming, if you cant see it then you will loose everything! Simple as that really.. Look at the bigger picture and don't believe all the s#it you are fed by the government and big business owners.. of course they don't want you to really know what's going on so you don't panic and keep spending. The government only care about themselves, when the recession does hit do you think they are going to help you? or just leave you homeless on the streets? exactly! Fundamentals and technical analysis all point short.
NASDAQ:AMZNShort
by ApexFX_Pro
Elliott Wave Analysis: Amazon Rally Should Fail for another low Hello Traders, Short term Elliott Wave View in Amazon suggests that the bounce to 1784 ended red wave x. And red wave y is currently in progress lower as a double three Elliott Wave structure. Down from 1784, black wave ((W)) ended at 1420 and black wave ((X)) bounce is in progress and is currently trading in the blue box area where a reaction lower is expected. Internal of black wave ((W)) unfolded as a double correction where blue wave (W) ended at 1617.94, blue wave (X) ended at 1676.76, and blue wave (Y) ended at 1420. Internal of black wave ((X)) is unfolding as a double three Elliott Wave structure where blue wave (W) ended at 1550 and blue wave (X) ended at 1502.10. We expect the stock soon to extend lower again as far as pivot at 1784 high stays intact. We don’t like buying the proposed rally.
NASDAQ:AMZNShort
by Elliottwave-Forecast
AMZN - Have we reached the top?Labeled some key levels of significance and used a fib retracement chart to estimate landing zones. Prior mini-tops retraced to about the .5 fib level. The larger cycle correction could also obey this level but may drag lower to the .618 range, which is why I gave a range for where the price could land. ~1600 is a key level of significance, if it breaks we will be going much lower. The real question is, can amazon reach ATH? Watch the volume carefully when we have the bounce back up. Should be good indicator for remaining bull strength.
NASDAQ:AMZNShort
by unaveragejoe
Amazon Elliott Wave View: Further Upside ExpectedHello Traders, Amazon near-term ended the cycle from 07/31/18 low (1739.56) at the peak of 08/15/18 (1926.26) in black wave ((i)). The internal structure of black wave ((i)) unfolded as a 5 waves structure with an extended blue wave (iii). It ended blue wave (i) at 01/08/18 peak (1800), blue wave (ii) pullback at 02/08/18 at (1818.61) , blue wave (iii) at 08/13/18 peak (1925.72) and blue (iv) pullback at 08/13/18 (1893.80) and finally it ended blue wave (v) of black ((i)) at 08/15/18 peak (1926). Below from there, it ended black wave ((ii)) pullback at 08/17/18 low (1855.58). Up from there, it is currently in the progress of another 5 waves structure higher. It ended red wave i at 08/21/18 peak (1898.46), red wave ii pullback at 08/21/18 low (1870), red wave iii at 08/23/18 peak (1920) and red wave iv pullback at 08/23/18 low (1900). Up from that low, it can end soon red wave v of the blue wave (i) before a pullback in the sequences of 3-7 or 11 swings in blue wave (ii) can be seen. As long as the pullback stays above 1855.58 invalidation level we expect it to extend higher due to the right-side tag. The right side remains to the upside. We don’t like the selling.
NASDAQ:AMZNLong
by Elliottwave-Forecast
1
Elliott Wave Analysis: Amazon May Start Another Extension HigherHello Traders, Let's have a look at the Amazon 1 hour chart. Short-term Elliott wave analysis suggests that pullback to $1646.48 low ended blue wave (2). Above from there, the stock is rallying higher in blue wave (3). The internals of that extension higher is unfolding as Elliott wave impulse structure with sub-division of 5 waves. Above from $1646.48 low, the rally to $1858.88 high ended red wave 1. The internals of that rally higher took place in another 5 waves impulse sequence in lesser degree cycles. The first leg of a rally to $1725 high ended black wave ((i)) as Leading diagonal structure. Then the pullback to $1682.15 low ended black wave ((ii)) pullback as a Zigzag correction. Up from there, the rally higher to $1841.95 ended black wave ((iii)) in 5 waves. black wave ((iv)) pullback ended at $1791 low, and black wave ((v)) of red wave 1 ended at $1858.88 high. Below from there, the stock did a 3 wave pullback in red wave 2, which is proposed to have completed the correction against $1646.48 cycle low. After reaching the blue box 100%-123.6% Fibonacci extension area at $1787.19-$1775.77. However, a break above $1858.88 high remains to be seen to validate this view & until then, a double correction lower in red wave 2 can’t be completely ruled out. Near-term, while dips remain above $1769.99 low and more importantly above $1646.48 low the stock is expected to resume the upside. We don’t like selling it and the right side remains to the upside.
NASDAQ:AMZNLong
by Elliottwave-Forecast
2
Amazon's current issueAmazon's total revenue has been increasing quarter on quarter since 2012, this is shown by the stock price rise form that point. But the current trend is a head and shoulders pattern. the stock rose against the head and shoulders pattern which is only natural, could this mean a larger reversal is coming for the stock? I have chosen to hedge this earning report. But, AMZN doesn't really have that much volatile in times of earning report - unless the surprise is astronomical. So, I'm going to be cutting short any losses. Also, the 100 MA is providing resistance as of this point, so this may be the volatile we are looking for, as stock usually rise or fall quite bit near moving averages. So, if the stock does boom, will it be enough to over power the head and shoulders pattern?
NASDAQ:AMZN
by BlackbearTrader