AMZN Short Position- Price below the 200 MA, confirming the general downtrend.
- Possible formation of descending triangle.
- Demand for the asset is weakening (see volume, RSI and OBV indicators).
When the price cuts below the 50 MA, the RSI is well below 50% and the OBV is red and well below the mid level, enter short. I prefer to enter my positions with confirmations of indicators, rather formations of patterns.
WARNING: THIS IS NOT A INVESTMENT ADVICE. I'M JUST POSTING MY IDEAS AND IT IS FOR EXCHANGE OPINIONS.
AMZN
BTC Market Structure Theory 3Saw a bearish tweet comparing the two assets decided to show my perspective of why they are different. let me know your thoughts.
This one is a bit different but fundamentally the wrong area is being highlighted. its tempting to draw the box in yellow on the btc chart however, the amazon chart is highlighting an area where an ATH was formed at the time, to accurately compare this you would draw the same area on BTC using the prev ath at 19k when doing so, you can see the current btc does infect tag the area.
Amazon's Downward Spiral: Is the E-commerce Giant in Trouble?Amazon's stock has been running into the thick cloud of the Ichimoku on the monthly chart, indicating a significant resistance level that may lead to further declines. The Ichimoku is a technical analysis indicator that uses a range of moving averages to identify potential support and resistance levels. In this case, the thick cloud represents a significant resistance level that Amazon's stock has been struggling to break through. This suggests that there may be more pain ahead for the stock, as it continues to face downward pressure.
The first resistance price for Amazon's stock is around HKEX:107 , which is a critical level to watch. If the stock manages to break through this level, it may be able to gain some upward momentum. However, if it fails to break through this resistance, we could see further declines in the stock price. Given the current market conditions and the challenges that Amazon is facing, it seems likely that the stock will face more downward pressure in the coming months. As a result, investors should remain cautious and closely monitor the stock's performance in the coming weeks and months.
AMZN is Still in a WXY Correction StructureAs we can see in the chart, Amazon(AMZN) WXY correction is in blue and we expect more downside to around $60 only when the wave (Y) in blue and Wave ((II)) in black are complete.
Technical Analysis:
- H1 & H4 Right Side are Turning Down
- Technically AMZN has now 5 waves down and has a strong correlation with NASDAQ - that's why we expect that it extends lower to around $60 where smart buyers will must appear and we'll like to do an edging buy.
AAPL, AMZN, GOOGL, and $QQQ Analysis - Weekly Future Outlook -- AAPL downtrend resistance key level 166.84 zone
- GOOGL closed right at resistance 108.63 zone
- AMZN close at resistance 102.12 zone
- QQQ closed right at resistance zone 317.89 -318.23
- Earnings coming up soon for XLF financial sector
- Sold my SOXS today and took profit this morning back to all cash
$AMZN Daily swing trade order$AMZN Daily swing trader order
Sell order for the day: 112.26
Buy order for the day: 95.64
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So this is by far one of the most effective strategies that I’ve traded ever. I used to have a very similar version and some of you may remember it from a few years back… but this just requires one buy order and one sell order every day after close… and as the market dips you’re buying and as it’s rallying you’re selling into the rally…. You don’t have to think of anything else…. Its super simple… in a way it’s a very passive swing trade strategy where you’re always buying the dip and always selling on the way up…
I am not your financial advisor and feel free to follow along to see how it plays out and jump in any time.
I’m tracking only a few of my positions on here and I want to see the success rate after 3 months. I know it works really well already but I want to be able to break it down and see it visually…. I’m visual like that… lol
Also not that there aren’t supposed to fill same day… I have each order set to GTD, and the date is 8 weeks out…. So it just needs to fill within 8 weeks….
AMAZON : Let's go Bullish againAfter 2 years of negativity the Predictum is finally positive again.
There's not much to say about Amazon, it's a solid and valid company.
This is a very positive signal that joins the rest of my buy signals.
I have increased my positions and will continue to do so as long as the conditions are positive considering a medium/long term vision.
Amazon -> Bullish Trend ReversalHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Amazon stock just recently retested and already rejected a quite strong previous weekly support zone at the $85 area which was turned strong support once again.
You can also see that from a weekly perspective we do have the possibility to created a double bottom and start a new bullrun from here so I am now just waiting for a break above the neckline at $105, followed by a retest and then more continuation towards the upside.
On the daily timeframe you can see that Amazon stock is already creating bullish market structure, however I am still waiting for a break above the $105 resistance and a retest before I definitely do expect more continaution towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
AMZN Weekly -- Here's one for Bottom Fishers.AMZN just crossed above 50 day EMA, and also has shown A 21/50 day triple exponential moving average crossover, a positive indicator. We have a strong support zone which goes back to 2018 - 2019, which is also the last time the FED hiked rates and then eased off the brakes. Point D is a 61.8 percent retrace, and around 155 - 156 (also a Gann zone). That is around 50-60 percent appreciation, but don't bother with this unless you plan to hold for a long time -- point D may not happen until some time in 2024. I don't normally jump on an equity that sits below the cloud and also below its 52 week EMA, but I feel this is pretty much a no brainer long hold.
Reasons to Invest in Amazon Stock During Turbulent TimesIn recent times, the stock market has been inundated with negative news. Many companies that were once considered resilient have faced serious challenges due to economic factors such as rising inflation, which has affected their earnings and appetite for stocks.
However, there is a glimmer of hope as history has shown that a bull market always follows a bear market. The only unknown factor is the exact timing of this upturn.
In the meantime, it is wise to invest in companies with good long-term prospects. This is especially true for those that have suffered during these turbulent times as they can be bought at bargain prices. One such company is Amazon, which is currently trading at its lowest level relative to sales volume since 2015.
Amazon's success is largely due to its cloud computing business, Amazon Web Services (AWS), which generates a significant portion of the company's revenue. Although AWS is currently experiencing a downturn due to rising inflation, which has impacted its customers' budgets, the company's revenues continued to grow in double digits. As inflation eases and customer budgets improve, AWS will once again be a profit driver for Amazon.
Another reason to invest in Amazon is its market leadership in e-commerce. The Prime membership program offers users fast and free shipping, as well as other benefits such as movies and books. The program has seen positive results, with Prime members increasingly relying on the service for shopping and entertainment. The NFL's "Thursday Night Football" premiere game generated the highest number of Prime registrations in three hours in the United States. This growth in membership should lead to renewed revenue growth once consumer spending starts to pick up.
In today's tough economic climate, Amazon is taking steps to better prepare for the coming bull market. The company is working to improve its cost structure by cutting jobs and increasing its investment in AWS and technology infrastructure. Although these investments are costly in the short term, they will pay off over time, making Amazon a winner in the coming bull market.
AMZN - Falling Trend [MIDTERM]- AMZN shows weak development in a falling trend channel in the medium long term.
- This signals increasing pessimism among investors and indicates further decline for AMZN.
- However, the price has broken a resistance level in the short term and given a positive signal for the short-term trading range.
- AMZN is approaching's resistance at 100 , which may give a negative reaction.
- However, a break upwards through 103 will be a positive signal.
- Overall assessed as technically negative for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
Amazing AMZN Amazon to drag the markets upThese thoughts are my own ideas based off my own analysis. Please do your own research before putting your own money into the markets.
Before investing, learn more about the risks of online trading, including fast-moving markets and the risk of system unavailability. Explore the risks and strategies of margin borrowing. Current price using technical analysis:
I see a bounce from this area based on several different technical analysis methods. We have a few different reasons for the possibility, probability and plausibility of this region being an area of support. This does not mean we develop support and soar to new ATH. We are in testing times in the global climate and things are heating up.
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Amazon Can Be Finishing A CorrectionAmazon is still in downtrend, but support can be near, as it can be finishing a potential ending diagonal (wedge) pattern within wave (C) of an (A)-(B)-(C) correction from the highs. We are tracking final stages of wave 5 of (C) that can ideally stop somewhere in the 80 - 70 area. Any earlier rally back to 130 level might be signal that bulls are already back in the game.