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).
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AMZN
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
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.
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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!
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 ❤️
Few Names holding up the Entire Market | Who's left to Buy? - NASDAQ:QQQ SKILLING:NASDAQ rising wedge continues to be in play
- NASDAQ:NVDA rising wedge looking to break soon
- AMEX:SPY still relatively weak
- volumes still low
- over 180 stocks hit 52 week low today while market was green breath is bad
Unusual Put Option Trade in Amazon (AMZN) Worth $17,212.50KUnusual Put Option Trade in Amazon.com (AMZN) Worth $17,212.50K
On May 10, 2023 at 13:27:06 ET an unusually large $17,212.50K block of Put contracts in Amazon.com (AMZN) was bought, with a strike price of $190.00 / share, expiring in 37 day(s) (on June 16, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 4.04 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in AMZN options.
This trade was first picked up on Fintel's real time Options Flow tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 5953 funds or institutions reporting positions in Amazon.com. This is an increase of 125 owner(s) or 2.14% in the last quarter. Average portfolio weight of all funds dedicated to AMZN is 1.69%, a decrease of 19.93%. Total shares owned by institutions increased in the last three months by 0.04% to 6,719,056K shares.
The put/call ratio of AMZN is 0.71, indicating a bullish outlook.
As of April 24, 2023, the average one-year price target for Amazon.com is 135.49. The forecasts range from a low of 90.90 to a high of $164.32. The average price target represents an increase of 27.07% from its latest reported closing price of 106.62.
As of April 24, 2023, the average one-year price target for Amazon.com is 135.49. The forecasts range from a low of 90.90 to a high of $164.32. The average price target represents an increase of 27.07% from its latest reported closing price of 106.62.
The projected annual revenue for Amazon.com is 575,744MM, an increase of 9.69%. The projected annual non-GAAP EPS is 1.72.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 263,585K shares representing 2.57% ownership of the company. In it's prior filing, the firm reported owning 258,307K shares, representing an increase of 2.00%. The firm decreased its portfolio allocation in AMZN by 29.95% over the last quarter.
Price T Rowe Associates holds 218,514K shares representing 2.13% ownership of the company. In it's prior filing, the firm reported owning 282,602K shares, representing a decrease of 29.33%. The firm decreased its portfolio allocation in AMZN by 43.69% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 205,175K shares representing 2.00% ownership of the company. In it's prior filing, the firm reported owning 200,916K shares, representing an increase of 2.08%. The firm decreased its portfolio allocation in AMZN by 30.07% over the last quarter.
Geode Capital Management holds 161,535K shares representing 1.57% ownership of the company. In it's prior filing, the firm reported owning 157,659K shares, representing an increase of 2.40%. The firm decreased its portfolio allocation in AMZN by 29.59% over the last quarter.
Jpmorgan Chase holds 114,501K shares representing 1.12% ownership of the company. In it's prior filing, the firm reported owning 100,509K shares, representing an increase of 12.22%. The firm decreased its portfolio allocation in AMZN by 22.26% over the last quarter.
$AMZN - bull and bear thesisNASDAQ:AMZN
Daily timeframe
* Breakout, bounce off the support trendline and 3 daily bounces off the top of the triangle I have laid out, I still think this goes to $119.98. I think my previous bear case will be wrong, adjusting based on new information
Bull: I still don't see resistance until $119.98 (the nearest breakdown candle)
Bear: If it breaks below the bear flag, I'd expect a move back to $88.40
NVDA AAPL AMZN GOOGL MSFT VIX QQQ Support & Resistance Guide- NVDA MSFT AAPL all near its key resistance levels
- VIX likely setting a daily higher low and may bounce from here due to it being in historic lows
- VIX is inverse of the market
- CPI Data Wednesday May 10th 5:30am PST
- PPI Data May 11th 5:30am PST