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AMZN

AMZN Do Bearish Divergences Predict a Reversal? SHORTAMZN has ascended 15% in the past two months. As shown on the 4H chart, dynamic resistance has been the red lines designating two standard deviations above mean VWAPs are anchored in February and early May. The two indicators however suggest bearish divergence. The zero-lag has lower highs and lower lows on the K / D line excursions. The Chris Moody dual RSI shows the RSI on the blue daily time frame dropping and crossing under the black weekly time frame RSI. Fundamentally, according to the linked article AMZN typically drops 0.34% on Prime Day. Based on all of this, I am expecting a reversal. Upon confirmation, I will short Amazon in a possible Fibonacci style retracement.
NASDAQ:AMZNShort
by AwesomeAvani
3
Amazon's Resilience: Navigating Challenges and Emerging StrongerAmazon has come a long way since its inception as an online bookseller in 1994. Its stock has witnessed an astounding growth of over 130,000% since going public three years later. Today, Amazon's business spans across a wide range of products, digital services, grocery operations, space satellites, and cloud computing. With its dominance in e-commerce and the cloud industry, one might think that the ideal time to invest in Amazon has passed. However, despite its remarkable growth, e-commerce sales only accounted for 15% of total retail sales last year, indicating that there is still untapped potential in the market. Furthermore, the increasing demand for artificial intelligence (AI) is projected to fuel revenue in the cloud sector as businesses increasingly rely on AI services. With a strong foothold in both these markets, Amazon's long-term prospects remain promising. Hence, it is still an opportune time to consider investing in Amazon stock. The introduction of OpenAI's ChatGPT last year left the tech industry astounded with its ability to generate human-like conversations, pushing the boundaries of AI capabilities. This breakthrough prompted numerous companies to redirect their focus towards AI development. Cloud computing has emerged as a major beneficiary of the AI revolution, as businesses strive to leverage this technology to enhance their offerings. While Amazon may have initially seemed behind in this domain, its cloud competitor Microsoft secured exclusive licenses to utilize several of OpenAI's AI models. However, Amazon has since made significant progress in generative AI. For years, the e-commerce giant has been using AI in its retail operations to track consumer shopping patterns, offer personalized recommendations, and optimize shipping logistics. Leveraging its expertise, Amazon has developed an AI model called Amazon Bedrock, which excels in advanced generative AI tasks like creating comprehensive social media campaigns based on product descriptions. In April, the company announced that Amazon Bedrock would be accessible to Amazon Web Services (AWS) users, alongside a tool called Code Whisperer. This innovative service empowers developers to input their desired outcomes and receive customized code solutions tailored to their specific needs. While Amazon may have initially lagged in AI services, its dominant market share in the cloud industry positions it advantageously. By impressing AWS users with its current AI models, the company is poised to maintain its leadership and capitalize on the rapidly expanding AI market. Amazon faced significant challenges last year, with reduced consumer spending and substantial operating losses in its e-commerce segments. AWS also experienced a slowdown in growth due to businesses cutting back on cloud budgets. In evaluating Amazon's prospects, it becomes crucial to take a long-term perspective, considering its strong position in two pivotal markets that are likely to yield favorable results over time. Encouragingly, the first quarter of 2023 indicates a recovery in Amazon's e-commerce business. The North American segment returned to profitability, reporting $898 million in operating income, while the international segment showed slight improvement. As inflationary pressures subside and Amazon benefits from budget adjustments, the company is expected to continue improving its e-commerce performance. With its dominant market position, Amazon is poised for consistent long-term growth. Unfortunately, AWS experienced further deceleration in earnings growth during Q1 2023. However, Amazon is still in the early stages of its venture into AI cloud services. The extensive retail knowledge accumulated by the company can be a significant advantage in developing efficient AI models for AWS, while its leading market share continues to attract new users. Despite a 54% year-to-date increase, Amazon's stock remains 44% below its peak in July 2021. This suggests that there is still potential for a bullish trend. With its strong positions in expanding markets and room for growth, it is not too late to capitalize on Amazon's long-term prospects and potential profitability.
NASDAQ:AMZNLong
by FOREXN1
18
AMAZON Loosely supported. Buy but careful if this level breaks.Amazon / AMZN hit yesterday and is rebounding today exactly at the bottom of the late April Channel Up. This remains a bullish trend for as long as the Channel Up holds, so buy and target Resistance A at 136.50. If it breaks downwards, sell and target the 1day MA50 and Rising Support at 123.50. It is crucial to mention that the 1day RSI has already crossed under its Rising Support, issuing an initial bearish warning. Follow us, like the idea and leave a comment below!!
NASDAQ:AMZNLong
by TheCryptagon
3
SasanSeifi 💁‍♂️🔵AMZN 👉12H 118 / 121 / 123▪️ Hello everyone ✌ By examining the chart in the time frame of 12 hours, as you can see, the price has grown by about 12% after breaking the dynamic resistance and due to the completion of pullback from the range of 101, and after a slight fluctuation, it again faced a positive fluctuation. Currently, it is trading in the range of 114 midline of the ascending channel.📊 ‎📈The scenario we can consider is that if the support range of $110 and $108 is maintained, the price will continue to grow up to the range of $118 and the gap area of 121/123. ❗️ 🔸We have to see how the price will react to the resistance ranges. If it stabilizes above the range of 123, the possibility of more growth can be considered.‼️⚠️ ⚠️Keep in mind that it is important to maintain the 110/108 support range for the continuation of the positive trend. ▫️The current price : 114.07💲 ▫️TF : 12-H ❎ (DYOR)...⚠⚜ What do you think about this analysis? I will be glad to know your idea 🙂✌ IF you like my analysis please LIKE and comment 🙏✌
NASDAQ:AMZNLong
by SasanSeifi
Part 3 | All 7 Big Tech | QQQ Sp500 Price level Trend Guide- QQQ still doesnt have a hourly downtrend confirming so daily lower high is not set. - SPY weekly bullflag confirm, so far no follow through yet but we ran out of time so it doesnt count as a rejection for me until i see hourly downtrend - TSLA potentially shaping up an equilibrium - NVDA bull break above 420 back into its all time highs sideways chop zone - AMZN fifth rejection from its 131 chop zone still above support though - GOOGL still the weakest only tech in a daily downtrend - MSFT went form daily downtrend to uptrend today - META same as AMZN in a chop zone rejection 5th time from its resistance.
NASDAQ:AMZNShort
by ArcadiaTrading
Part 2 | All 7 Big Tech | QQQ Sp500 Price level Trend Guide- QQQ still doesnt have a hourly downtrend confirming so daily lower high is not set. - SPY weekly bullflag confirm, so far no follow through yet but we ran out of time so it doesnt count as a rejection for me until i see hourly downtrend - TSLA potentially shaping up an equilibrium - NVDA bull break above 420 back into its all time highs sideways chop zone - AMZN fifth rejection from its 131 chop zone still above support though - GOOGL still the weakest only tech in a daily downtrend - MSFT went form daily downtrend to uptrend today - META same as AMZN in a chop zone rejection 5th time from its resistance.
NASDAQ:QQQShort
by ArcadiaTrading
Part 1 | All 7 Big Tech | QQQ Sp500 Price level Trend Guide- QQQ still doesnt have a hourly downtrend confirming so daily lower high is not set. - SPY weekly bullflag confirm, so far no follow through yet but we ran out of time so it doesnt count as a rejection for me until i see hourly downtrend - TSLA potentially shaping up an equilibrium - NVDA bull break above 420 back into its all time highs sideways chop zone - AMZN fifth rejection from its 131 chop zone still above support though - GOOGL still the weakest only tech in a daily downtrend - MSFT went form daily downtrend to uptrend today - META same as AMZN in a chop zone rejection 5th time from its resistance.
NASDAQ:QQQShort
by ArcadiaTrading
1
TCOM Naturally I jumped in early so you dont have too!TCOM setting up to launch... Made DEEP support and about to pop the last string on my ribbon. The ESVO is a col and price oscillator that marries the two together... the lines are where all time frames interest is centered. So major support and resistance is created when they merge together. meaning all the time frames are in agreement on where the price is.... when support is made after passing it... It starts its profit run. 90% on stocks that have popped the ribbon and dropped back below.... reaccumulated and popped it again to find support. Natrually I jumped in last week..... And now its about to be ready. by iCantw84it 06.30.23
NASDAQ:TCOMLong
by iCantw84it