$AMZN weekly Fibonacci NASDAQ:AMZN weekly chart pierced the 618 fib level and pulled back. Still in uptrend support at the green dotted line.
AMZN
AMZN 45min trade- short position On the chart we can see a bullish trend, however Relative Strength index shows potential bearish divergence. We would enter a short position once the price reaches the upsloping line.
Stop loss: 127.52 USD
Target: 118.52 USD
AMZN - TREND BREAKOUT AND CONTINUATIONFor more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial.
Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
$AMZN Down Trend Begins NASDAQ:AMZN The first time #amazon 20 month moving average is crossing below the 50 month moving average. This is could be the beginning of a new down trend. Also in a bear flag.
MyMI Options Play - AMZN CallsAMZN has recently broken it's current downtrend channel as identified but has also broken above and found closure/support above the 50% retracement from the $180 ATHs that it saw back in Nov. 2021.
I haven't purchased my long-term opts on this yet to see if a reversal in the current market push due to NVDA and other AI-Based movements that are holding up the markets. I expect some retracement at some point and potentially back to $114. From there I will look at the support we find back at that 50% retracement level ($114) and look for a long-term hold to back to the $140-$145s (if not higher).
AMAZON on a 1D Bullish Cross, first since Feb 2020!Amazon Inc (AMZN) just completed a Bullish Cross on the 1D time-frame, the first in more than 3 years (February 04 2020)! That alone is the strongest long-term buy signal we could get. On the shorter term, now that the price is comfortably above the Bear Cycle Lower Highs, we will start targeting on every pull-back the upper Fibonacci levels, which match fairly well the Lower Highs Resistances of the Bear Cycle. Our medium-term target is 146.50 (slightly below the 0.618 Fibonacci).
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
AMZN - Breakout Rising Trend Channel🔹AMZN has broken the rising trend up in the medium long term.
🔹The moving average indicator has also given a positive signal.
🔹AMZN has support at 113 and resistance at 136.
🔹Overall assessed as technically positive for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
NVDA TSLA MSFT GOOGL AAPL AMZN | Support & Resistance Guide- Support & Resistance guide for all 6 big tech stocks NVDA TSLA MSFT GOOGL AAPL AMZN
- psychological 1 trillion dollar level for NVDA 405
- TSLA wedge pattern still in play
- zero red flags on the chart for MSFT and AMZN need hourly downtrends to confirm for any signs of bears
AMZN - Take off 60% ? AMZN - Take off 60% ?
A popular stock + above the average line 150MA + Down Resistance line breakout (4 times & BOOM).
Only an idea and not a recommendation for trading !
$QQQ Parallel channel uptrend NASDAQ:QQQ parallel uptrend continues into resistance. Holiday hangover next week should be light volume which favors the upside.
$QQEW Inverse head n shoulders NASDAQ:QQEW Inverse head n shoulders ready to break out. it needs to consolidate next week before it can break out. equal weight nasdaq 100
$AMZ Inverse head & shouldersNASDAQ:AMZN Weekly chart Inverse head & shoulders pattern. target horizontal line up above.
Amazon Set To Reach 40% Growth For 2023?From October 2001 to July 2021, Amazon shares rocketed from $0.27 to a record-breaking high of $188, a stunning 70,000% rise.
Remarkably, during the height of the Covid-19 pandemic, Amazon's stock surged 23%, contrasting sharply with the S&P 500's 19% dip.
However, in late 2022, Amazon faced a downturn, with prices falling below the $100 mark. After hitting a low just above $80, prices started to bounce back, battling resistance at the $100 mark until eventually regaining ground in January 2023.
Currently, we are seeing a bullish trend with higher highs and higher lows. The share price has surpassed its February 2nd high at $114 and is now using this level as support.
Considering the stock has already ascended 34% this year, reaching a 40% growth mark over the coming weeks or months is plausible.
If you enjoyed this post, make sure to like, and follow for more quality content!
If you have any questions or comments, comment below. We reply to every comment!
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
AMZN TSLA NVDA MSFT GOOGL AAPL Technical Analysis Guide- Most tech stocks are still in a healthy daily uptrend but most are testing its support area.
- the size of the pull back will be key for me to determine if we have more fuel for these stocks on the upside
- larger pullback size will allow bears to make moves on the next bounce
$AMZN Still strong, a pull back and reversal back up (?)Decent shooter on the 2D could signal a pull back on NASDAQ:AMZN , would be nice to see a reversal move up further North.
With Monthly OPEX for May behind us, see how it moves from here.
AMZN strong, but not the ultra strong move AAPL had so far on the year. Also giving it more potential before it reaches exhaustion risk like AAPL at current levels.
No FOMO, no chasing for me. Definitely looking for to long AMZN IF this scenario will unfold.
IF this THEN that.
IF not, also fine. There will be hundreds if not thousands more trading opportunities. As long as you stay in the game. Hence, patience.
Amazon -> Finally BullishHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Amazon stock is currently breaking above a major previous weekly structure area exactly at the $105 level which is now turned support.
You can also see that over the past months, Amazon has been creating a solid double bottom, weekly market structure and moving averages are also very bullish, so I am now just waiting for a retracement and then I do expect more continuation towards the upside.
On the daily timeframe you can see that with today's candle, Amazon stock is perfectly breaking above a major previous daily resistance area at the $112 level which is now turned support so I am now just waiting for a retest and then I am looking to get long on Amazon.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
MyMI Option Plays - Amazon (AMZN)Just like AMD, NVDA is retracing back to the 50% level of it's most recent drop as well around $114.82. After announcing that they will be unleashing their own AI, I'm sure the reactions going to start picking up at some point behind that. Although AMZN is made of many other things.
But from an investment standpoint, I would be interested in going long as long as we break that retracement and hold finally.
We shall see!
190 Target The AD is showing an Ascending Triangle, buy the dipsAMZN wants to retest the supply zone, and this is confirmed by the AD showing an Ascending Triangle pattern to $190, which Is spot on near the previous supply zone
Part 2 of NVDA AAPL AMZN GOOGL TSLA | Support & Resistance GuidePart 2 of the NVDA AAPL MSFT AMZN GOOGL TSLA support and resistance guide
was only able to fil 20mins for prior video
part 1 click the prior video link is below this video
NVDA TSLA GOOGL MSFT AMZN AAPL | Support & Resistance Guide| Pt1Part 1 of Support and Resistance guide for NVDA TSLA GOOGL MSFT AMZN AAPL
- a lot of the big techs are in the sell zone
- the size of the pull back during our consolidation this time will tell us if we get another move up or not.
AMZN - Breakout Falling Trend Channel- AMZN has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- AMZN is testing resistance at 113.
- This could give a negative reaction, but an upward breakthrough of 113 means a positive signal.
- AMZN is assessed as technically neutral for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
