SPY - kung fu chop the chopIn review. I see a lot of people complaining about "chop" lately. These are not the people to be following in my honest opinion. There is opportunity in all markets it is just a matter of risk management and being able to navigate the choppy waters. Circled some of the opportunity I took in this "Chop"
A week in review these are some of the best trading days I have had.
Sometimes the easiest trading is done in chop but you have to be patient and let it come to you.
Don't let the chop push you off course. Stick to your trade criteria and navigate accordingly. You just need to be patient, post your lookouts, and be ready to sound the alarm to enter the right trade.
Set alerts off of great areas of value so you don't have to spend the entire day staring at the screen.
Trade safe have fun!
AMZN
AMZN: Moving into A Buy Zone?The Weekly Chart of AMZN shows that the stock has dropped into a strong support price level with a risk that there could be a Dark Pool Buy Zone here. The share price is now below fundamental values.
With a month before AMZN reports earnings, it will be interesting to see how the stock behaves; it will reveal how well AMZN is recovering from the hyper revenues created by the stay-at-home orders and stimulus checks of the pandemic. This is the last quarterly report that will be skewed with the revenues and earnings from the pandemic anomaly.
This company MUST provide a dividend soon.
AMZN Potential for Bearish Continuation | 3rd January 2023Looking at the H4 chart, my overall bias for AMZN is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 85.88, where the previous low is. Stop loss will be at 103.78, where the recent high is. Take profit will be at 69.43, where the -27.2% Fibonacci expansion line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AMZN - Update - Another retailer in trouble? This is an update to my August 8th sell publication.
A sell recommendation...Appears to be a common theme among retailers...
As you can see there was a breakdown through the white median line on October 28th.
I believe we are now in the middle of the "C" wave with a downward acceleration about to commence.
My price target is in the mid 50's area... TBD.
Weekly view here
AMZN, 8d/-26.39%falling cycle -26.39% in 8 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
$AMZN Analysis, Key levels, and Targets $AMZN Analysis, Key levels, and Targets
So I just want to be transparent about my position and it’s not a big one at all… I have 100 shares at 105… lol…
I’ve been selling puts to bring that average down with no avail, but at least I’ve been collecting premium…
This is an interesting level because we are at covid lows which seem to be holding…
I sold puts again at 82 for next week… I’d love to get shares at 82 to bring my average down to 93.5
Honestly, AMZN will stay on my list for next year… super excited to see how she trades from here…
AMZN Bearish Outlook Bearish Indications
* Making LL and LH since 22 Oct on 1h Time frame
* Support = 79 to 81 Resistance = 101 to 102
* Trend channel trading since 11 Nov 2022
Bullish Indications
* Trend channel trading next hard resistance = 88 and support = 79
Bias = Short
Plan
Entry @78
SL @ 86
TP @ 70
Tesla price prediction based on AMZN patternWhen using the Amazon bubble pop pattern and following the same time frame with 93% retrace, gives us a 40-50 dollar Tesla stock price by fall of 2023. Not financial advice, but these are some great potential opportunities of a lifetime to get in on a valuable stock. Do your own research and only invest money you can afford to lose. Do not invest in anything without doing your own research.
Amazon bubble pop pattern on SNAPThe infamous Amazon bubble pop from 1998-2001 shows a 93% draw down that took roughly 658 days to reach an actual bottom from its previous all time high. Following this same bubble pop on social media stocks- nearly all current social media stocks show the same pattern forming. Putting a bottom in around July of 2023 and a price target between 5 and 6 dollars. Not financial advice, but use your own research to find out a good buying opportunity. Follow and share to get more charts like this. Meta, tesla, and apple soon.
AMZN Week ChartThe rejection on AMZN at $83 looks really interesting to me. Each time we hit a major Support area with fear in the markets (show by the red bars below the candle sticks). We have pretty violent reaction the short term trend. To build enough momentum to break through $83 down to $70, I'm looking for a pull back at the levels we're at now to at least $105 (assuming we continue to respect the trendline).
Not ignoring the fact that last time were at these levels we did have a consolidation period for about 3 months give or take. I'm looking to give about 8% SL slack, just to account for the wicks. But remember we don't close unless price CLOSES below the SL.
Once we come back to test the trendline again I'm riding back down to $70.
Please feel free to DM me on here or leave a comment if you have any questions about the analysis.
And remember
BULLS MAKE MONEY
BEARS MAKE MONEY
BUT PIGS GET SLAUGHTERED!
AMZN Potential for Bearish Continuation | 27th December 2022Looking at the H4 chart, my overall bias for AMZN is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 85.88, where the previous low is. Stop loss will be at 103.78, where the recent high is. Take profit will be at 69.43, where the -27.2% Fibonacci expansion line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
$TSLA $AMZN $GOOGL $MSFT $AAPL $DOGEUSD $NFLX $SNAP $META #NIFTYNASDAQ:TSLA
Fair Priced.
> 70% down from the ATH
Now opportunity to double the money.
CMP 125$
Target 250$
Duration < 12M
SL 60
RR > 2 time
Return > 100%
Bet is worth taking the risk!
TSLA AAPL AMZN GOOGL MSFT NFLX SNAP META NIFTY BANKNIFTY V JPM GS ADBE
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
AMAZON: Testing COVID Crash Lows... What next?Here we are looking at AMZN on the daily TF.
As marked on the charts, we are currently testing the lows made during the COVID crash back in 2020.
While we can’t rule out a breakdown through this current support (bottom green line), we are expecting a technical bounce in the short term off this level.
If AMZN does bounce, we will look for it to move towards resistance (top green line), which has acted as strong resistance in the past (2019-2020).
What do you think will happen? Let me know in the comments!
Cheers!
Amazon | Fundamental AnalysisAmazon is crawling into 2023, and it definitely, like many others, can't wait to turn over a new chapter.
The tech titan is on the way to one of the slowest growth rates in its history. In the first three quarters of this year, the company lost nearly $8 billion in its e-commerce-focused businesses and announced the first major layoffs in the company's history, including 10,000 corporate personnel. Among the units targeted is Alexa, as Amazon is reportedly losing $10 billion a year on this voice-activation technology.
In other words, Amazon is in a strange defensive position after years of capturing market share in industries as diverse as e-commerce, books, cloud computing, streaming video, and digital advertising.
The good news for investors is that these unfavorable factors are probably already factored into the stock price. Amazon stock is down 50% from its peak last year, creating a potential buying opportunity.
Despite the uncertain macroeconomic environment in 2023, there are some grounds to anticipate Amazon's performance to improve.
For starters, it will be much easier for the company to match its performance in 2023. For the first three quarters of this year, revenue grew only 9.7%, and that growth is expected to slow in Q4 when the company forecasts growth of only 2%-8%.
The strengthening dollar has also impacted results this year, but these negative factors should ease next year as the dollar begins to cool after peaking in September.
In addition, the tech titan is likely to see some margin improvement. CEO Andy Jassy is concentrated on reducing or eliminating inefficient projects. In addition to cutting losses at Alexa, Amazon is also closing such ventures as Amazon Care, a telemedicine and personal health care pilot program, Scout, a home delivery robot, and Fabric.com, an e-commerce site for sewing supplies.
The company has also closed or withdrawn projects to build dozens of warehouses, a sign that it overestimated its e-commerce growth trajectory during the pandemic.
Amazon has a number of highly profitable businesses, including Amazon Web Services (AWS), advertising, and its third-party marketplace, which allows the company to receive commissions and fulfillment fees from the thousands of sellers who trade on its site.
Nevertheless, the company's financial performance indicates that it still has a lot of unsustainable spending. For example, Amazon loses money in its international segment almost every year, suggesting that the company may be overextended in emerging and small markets overseas. Similarly, there is a strong argument that the company is spending too much on Prime Video. This year, the company will devote more than $15 billion to streaming -- more than even Netflix -- and Amazon isn't even monetizing that spending directly, using it to boost Prime's enrollment.
Given the company's countless experiments, there are probably plenty of other unfruitful projects in need of cuts.
Looking at the company's cost-cutting and the strength of its high-margin businesses such as AWS, advertising, and marketplace, it's clear that Amazon could be much more profitable than it is today.
Jassy seems to realize the need to improve profitability as it will become increasingly difficult to maintain high revenue growth, given that total revenue is expected to exceed $500 billion this year.
With the stock down 50% and a market capitalization of less than $1 trillion, the stock looks cheap. AWS alone will have $23 billion in operating income this year, which means Amazon stock is valued at about 40 times that amount.
The rebound in business next year will be dependent on macroeconomic conditions, but at the current stock price, the worst already seems to be priced in. Owning Amazon stock in 2023 could give you an easy doubling over the next year or two, and your losses will likely be limited unless the country enters a deep recession.
AMZN: Hit our Target! What's next? (NEW KEY POINTS)• AMZN hit our target at $85, but there’s no bullish reaction on it so far (link to my previous analysis is below this post);
• Both, the 1h and Daily charts look very bearish, as AMZN is just doing lower highs/lows;
• There’s a support at $84.33, in the 1h chart, which could work for a while, but most importantly, if AMZN wants to react, it must break the $85.86 mark;
• What’s more, today it did a Breakaway Gap, and it doesn’t get filled quickly, it’ll indicate a bearish continuation of this trend;
• In this scenario, I see it bouncing to the 21 ema again – this wouldn’t be a bullish reversal structure yet, just a bounce;
• In the lack of bullish reaction, the next support is only at $81. Either way, we’ll have our answer soon. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
Elliott Wave View: Amazon Should Bounce Before downside resumesShort term Elliott wave View in Amazon (ticker; AMZN) suggests the decline from 12.13.2022 peak in 45 min chart, was clear 5 swings impulse lower, which ended ((i)) as the part of wave 3. The current sequence lower is the part of (3) of ((A)) in higher degree started from 11.15.2022 peak. It already confirms lower low in daily, calling for further downside to continue below 12.13.2022 peak. Below wave 2 peak of 96.25, it placed (i) at 90.52 low and (ii) at 93.46 high. Later, it resumes lower to finish (iii) at 87.15 low and (iv) at 89.35 high. Wave (iv) corrected 0.382 Fibonacci retracement against (iii). Below there, finally it ended (v) as ((i)) at 83.41 low with clear 5 internal subdivisions on 12.20.2022 low. Currently, it favors a bounce in ((ii)) in zigzag correction.
AMZN showing a clear 5 swings lower in ((i)) and it expecting to bounce in ((ii)) correction in 3 or 7 swings, which ideally should fail below 96.25 high of wave 2 to see further downside in wave ((iii)) of 3. It favors higher in (a) leg and expect a minor upside to finish (a) before starts correcting in (b) wave. Ideally, it expects wave (b) to hold above 83.41 low to see another leg higher in (c) to finish ((ii)) before turning down. It expects to rally in 3 or 7 swings, which should find sellers for the further downside.