AMZN
$AMZN Inverse Head & Shoulders PatternThe stock of Amazon.com, Inc. ( NASDAQ:AMZN ) is currently exhibiting an inverse head and shoulders pattern, a noteworthy development in technical analysis that often signals a potential bullish reversal. For this pattern to be confirmed, it is essential for NASDAQ:AMZN to achieve and sustain a weekly close above the neckline of this formation.
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Black Friday Buzz for AMZNThe Giant of e-commerce and AWS for small businesses, which now has AI integrated, is moving up in anticipation of a strong Black Friday for $NASDAQ:AMZN.
The new CEO who took over form Jeff Bezos is doing a good job. As the CEO of the AWS division, he did an amazing job building that division of AMZN. Outstanding CEOs make a company great. CEOs are more important than most investors realize.
Weekly Chart shows that AMZN is about 40 points from its all-time high, so plenty of opportunity for it to move up further from here. The Blue lines indicate levels where Dark Pool buy zones and Pro traders moved in most heavily. These are now strong support levels for the stock.
AMZN SHORTS $$$Hi everyone, just here to update you all on what I will be looking for in AMZN next week. Starting on the Weekly we tapped into a key FVG and took BSL many many months ago and have wicked down now near the close of friday. I Have begun looking at opening about 10% of my initial 2% risk per trade. I will add more accordingly based on Monday's opening if given the chance. now on Daily, we have a clear high and as we speak I'm looking for a lower high to confirm! And on the hourly lastly, we have clear breaks of structure in the bear's favor. I plan on holding this til the 140-136 range and scaling out accordingly! god bless and good luck ;)
AMZN SHORTSAs I stated in the picture. AMZN Is hitting a key Weekly FVG. Here i am watching for a 1H, 4H, and 1D swing high with a recent low broken to enter some put options. I will enter and take profits with PDL being taken out. These setups provide between 50-125% profit based on setup and entry. I will continue to update you all as price shoes more confirmation! Like and shoot your questions below!
AMAZON The rally isn't over yet. Still time to buy and profit.Last time we looked into Amazon (AMZN) on October 30, we called a bullish break-out signal, which in two weeks hit our $146.00 target (see chart below):
We zoom out on the 1D time-frame now in order to identify the longer term patterns involved. Based on the 1D RSI which is pricing a Support on the former Lower Highs trend-line, we can see the very same formation on January 18, above the 1D MA50 (blue trend-line). This was also after a break-out above a Falling Wedge, a pattern which formed the market bottom of the Inflation Crisis.
The stock shortly after completed a +39.84% rise and peaked just over the 1.382 Fibonacci extension. As a result, we are now targeting initially 156.50 (1.382 Fib) and early in January 165.00 (+39.84% from the bottom).
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TSLA NVDA MSFT AMZN AAPL GOOGL META Price Forecast00:00 QQQ Forecast
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Amazon (AMZN) forming inverse H&SNASDAQ:AMZN has formed an inverse head & shoulders pattern which has bullish implications but there is a sustainable breakout. Given the good results in past few quarters, fundamentals also support the bullish view.
Having said that, recessionary fears are here to stay though it might still be some time before something starts showing up in charts.
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AVAX/US DOLLAR These are levels that I'll be keeping an eye on when dealing with BINANCE:AVAXUSD , and I'll revise as price action progresses.
I adapt to the change in money flow.
Fundamentals:
Amazon Web Services (AWS) has partnered with Ava Labs in a bid to accelerate the adoption of blockchain technology by enterprises, institutions, and governments.
The move has sent the linked Avalanche AVAXUSD token soaring higher in recent days, outperforming even Bitcoin amid a major bull run in the biggest cryptocurrency. *OLD ARTICLE*
.....
Monthly:
1. P.A. broke a key low
2. Demand (untouched) below broken key low
3. Key S/R being revisited for 1st time
4. Key S/R rest within untouched demand
AMZN ~ Snapshot TA (Daily / Nov 2023)NASDAQ:AMZN chart mapping/analysis.
Consolidation within ascending parallel channel (green).
Bull target(s)
Ascending trend-line resistance (white dotted)
Upper range of parallel channel (green) + 78.6% Fib confluence resistance zone
Overhead gap fill (~163.27)
Bear target(s)
61.8% Fib
Underlying gap fills (~133.57 / ~121.64)
50% Fib
lower range of ascending parallel channel (green)
38.2% Fib
Upper range of descending parallel channel (light blue)
5 Technical Indicators for Smart TradingNavigating the intricate world of trading requires a keen understanding of technical indicators. These powerful tools serve as guiding stars, illuminating market trends and potential entry or exit points. Today, we unravel 5 top technical indicators that stand as pillars in the realm of trading. Whether you're a beginner seeking foundational knowledge or an experienced trader aiming to refine your strategy, consider these indicators to enhance your analysis.
1. Moving Averages: Riding the Waves of Market Trends
Moving Averages (MA) are foundational tools in technical analysis, smoothing out price data to identify trends over specific periods.
Simple Moving Averages (SMA) provide straightforward trend indications, while Exponential Moving Averages (EMA) offer more weight to recent prices, making them highly responsive to market shifts. Traders often use crossovers between different MAs to pinpoint entry and exit points and utilize different lengths on different time frames. One common way traders use MA’s is to identify the overall trend using one or two moving averages.
2. Relative Strength Index (RSI): Gauging Overbought and Oversold Conditions
RSI measures the speed and change of price movements. It oscillates between zero and 100, traditionally using levels of 70 for overbought and 30 for oversold. Traders interpret divergences between RSI and price movements, seeking potential reversal points. Additionally, hidden divergences, where RSI disagrees with the underlying trend, are valuable for trend continuation strategies.
3. Bollinger Bands: Embracing Volatility for Profitable Trades
Bollinger Bands consist of a middle line being an MA (often 20 period) and two outer bands representing standard deviations from the middle band.
Volatility increases the distance between the bands, offering a visual representation of market volatility. When the price touches the upper band, it signals potential overbought conditions, while touching the lower band indicates potential oversold conditions. Traders also observe "band squeezes" as precursors to significant price movements.
4. Moving Average Convergence Divergence (MACD): Capturing Trend Changes
The Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that highlights the relationship between two Moving Averages (MAs). The MACD line represents the difference between a short-term EMA (often 12 periods) and a long-term EMA (typically 26 periods). The signal line, usually a 9-period EMA of the MACD line, acts as a trigger for buy and sell signals.
Traders observe MACD crossovers, where the MACD line crosses the signal line, as potential entry points. Additionally, MACD histogram bars visualize the distance between the MACD and its signal line, offering insights into the strength and direction of a trend. By understanding these components, traders gain a nuanced understanding of potential trend changes and momentum shifts.
5. Average Directional Index (ADX): Measuring Trend Strength
The Average Directional Index (ADX) is a trend strength indicator that quantifies the strength of a market trend without specifying its direction. Typically, an ADX above 25 indicates a strong trend, while below 20 suggests a weak trend.
Traders use ADX crossovers and divergences with the price chart to distinguish between trending and ranging market conditions. A rising ADX suggests a strengthening trend, while a falling ADX may indicate a weakening trend strength.
Combining ADX with other technical indicators enhances a trader's ability to identify robust trends and potential reversals, providing a more comprehensive view of market dynamics.
Wrapping Up:
This article scratches the surface of the indicators listed, there are whole books written on some of them. We have gone more in-depth with most of these indicators in our previous articles. We have linked those articles below if you would like to learn more about any of these foundational indicators. Remember, while these indicators provide valuable data, combining them with a robust risk management strategy, other indicators for confirmation, and a deep understanding of market fundamentals ensures a holistic approach to successful trading. Happy Trading!
𝗔𝗺𝗮𝘇𝗼𝗻 𝗨𝗽𝗱𝗮𝘁𝗲: $AMZN Weekly. Huge bull setupOver 145 and should see a nice run to 170 resistance. Large accumulation pattern (inverse H&S) with an implied target ~$200 🤯
NASDAQ:QQQ $NQ_F TVC:NDQ NASDAQ:AAPL NASDAQ:MSFT NASDAQ:META NASDAQ:GOOG NASDAQ:TSLA NASDAQ:NVDA NASDAQ:SOX $ES_F AMEX:SPY SP:SPX TVC:DXY NASDAQ:TLT TVC:TNX CBOE:VIX #Stocks
𝗡𝗮𝘀𝗱𝗮𝗾 𝗨𝗽𝗱𝗮𝘁𝗲: $QQQ Daily. Bulls have the ball ... 4th test of the top TL. At some point will breakout and they just trapped a ton of bears and stopped out longs on false breakdown below 352. 200dma held nicely and nearly hit major support area at 338-40 📈
$NQ_F TVC:NDQ NASDAQ:AAPL NASDAQ:MSFT NASDAQ:AMZN NASDAQ:META NASDAQ:GOOG NASDAQ:TSLA NASDAQ:NVDA NASDAQ:SOX $ES_F AMEX:SPY SP:SPX TVC:DXY NASDAQ:TLT TVC:TNX CBOE:VIX #Stocks
pt 2 TSLA NVDA AAPL MSFT AMZN META GOOGL Price ForecastTSLA NVDA AAPL MSFT AMZN META GOOGL Price Forecast
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04:08 QQQ Forecast
10:28 Sp500 ETF analysis
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19:00 Apple Stock AAPL Forecast Technical Analysis
22:13 Amazon Stock AMZN Forecast Technical Analysis
25:22 Google Stock GOOGL Forecast Technical Analysis
27:04 Microsoft Stock MSFT Forecast Technical Analysis
29:23 Meta Forecast Technical Analysis
pt1 TSLA NVDA AAPL MSFT AMZN META GOOGL Price ForecastTSLA NVDA AAPL MSFT AMZN META GOOGL Price Forecast
00:00 Rate hike Data, Sentiment Data, Earnings, Economic data
04:08 QQQ Forecast
10:28 Sp500 ETF analysis
13:40 Tesla Stock TSLA Forecast Technical Analysis
16:26 Nvidia Stock NVDA Forecast Technical Analysis
19:00 Apple Stock AAPL Forecast Technical Analysis
22:13 Amazon Stock AMZN Forecast Technical Analysis
25:22 Google Stock GOOGL Forecast Technical Analysis
27:04 Microsoft Stock MSFT Forecast Technical Analysis
29:23 Meta Forecast Technical Analysis
TSLA NVDA AAPL MSFT AMZN META GOOGL Price Forecast00:00 QQQ Forecast
05:58 Sp500 ETF analysis
07:58 Tesla Stock TSLA Forecast Technical Analysis
10:20 Nvidia Stock NVDA Forecast Technical Analysis
13:37 Apple Stock AAPL Forecast Technical Analysis
15:16 Amazon Stock AMZN Forecast Technical Analysis
17:16 Google Stock GOOGL Forecast Technical Analysis
18:46 Microsoft Stock MSFT Forecast Technical Analysis
19:55 Meta Forecast Technical Analysis
pt2. TSLA NVDA AAPL MSFT AMZN META GOOGL Price Forecast00:00 QQQ Forecast
05:58 Sp500 ETF analysis
07:58 Tesla Stock TSLA Forecast Technical Analysis
10:20 Nvidia Stock NVDA Forecast Technical Analysis
13:37 Apple Stock AAPL Forecast Technical Analysis
15:16 Amazon Stock AMZN Forecast Technical Analysis
17:16 Google Stock GOOGL Forecast Technical Analysis
18:46 Microsoft Stock MSFT Forecast Technical Analysis
19:55 Meta Forecast Technical Analysis
AMZN Pulls NASDAQ Up, Expecting Help from AAPLAmazon's quarterly report provided a ray of light in a gloomy environment for the tech-heavy US stock market, as the NASDAQ index fell last week to levels last seen in May.
→ AMZN EPS: actual = USD 0.94, expected = USD 0.58
→ Gross revenue: actual = $143.5 billion, expected = $141 billion
→ For the Q4, AMZN expects revenue of USD 160-167 billion
→ Revenue from Amazon Web Services grew by 12.3% year on year
→ Advertising revenue increased by 26%
However, the AMZN chart shows that:
→ the price pushed off from the lower border of the parallel channel;
→ the breakdown of the psychological level of USD 120 per share turned into a trap for the bears;
→ the price is approaching the resistance zone, which is formed by the median line of the channel and the level of USD 135.
AMZN is acting as a leader among NASDAQ stocks, but that may not be enough for the index to show positive sentiment in a market under pressure from high Fed rates.
While a report from AAPL could add some good news, it is expected on November 2, after the market closes. On the eve of the report, Apple (AAPL) presented new 3-nanometer M3 chips, as well as an updated family of MacBook Pro laptops: a 14-inch MacBook Pro for USD 1,599, and 16-inch laptops will start at USD 2,499.
Also on the radar for stock traders is the Fed meeting on November 1st.
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