AMZN - To Test SupportAMZN sell volume is still high and on the downside, it will retest 110 support level before rise to resistance at 132.
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This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock.
AMZN
2X $AMZN TP3 HIT for 18%! (PERFECT SETUP)$AMZN printed when it broke out of the rising wedge with a $25 move! it filled the gap and came back to retest the TP1/Support area, and proceeded to head to TP3. We are playing the next leg down and holding on to the position even more if it breaks TP4 with strong momentum!
AMZNHELLO GUYS THIS MY IDEA 💡ABOUT AMZN is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
AMZN H16: 40% correction PT BEARS 85 USD short it(SL/TP)(STOCKS)Why get subbed to me on Tradingview?
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AMZN H16: 40% correction PT BEARS 85 USD short it(SL/TP)(STOCKS)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: AMZN H4 chart review and outlook
::: updated/revised outlook
::: SHORT HIGH alerted previously
::: on July 21st currently BEARS
::: making money / congrats
::: no upside in this market
::: FED just did an aggressive HIKE
::: expecting more losses in Q3/Q4 2022
::: BEARS hold until FINAL TP at 85 USD
::: maxed out already
::: Currently DISTRIBUTION already completed
::: we broke down on heavy volume
::: this is NASTY looking chart
::: BAD for the BULLS / stay out
::: FED rate hikes incoming / FED PUT is GONE
::: short sell rips/rallies in the throwback move
::: expecting backtest of the recent Distribution Range
::: recommended strategy: SHORT IT / STAY OUT
::: up to 40% correction still possible from here
::: fair value for AMZN is 85/95 USD
::: DO NOT BUY/HOLD here this is NOT A DIP
::: This is stock market meltdown in progress
::: be careful / don't get ran over by the FED
🔸 Supply/Demand Zones
. N/A
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Past performance is not indicative of future results.
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AMZN Potential for Bullish Momentum | 22nd September 2022On H4, with the price is showing a bullish pennant pattern, if the price rise to the buy entry at 137.29, which breakout the ascending trendline, we would hold a bullish bias that the price may rise to the take profit at 169.09, where the swing high is. Alternatively, the price may drop to the stop loss at 125.39, where the overlap support is.
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AMZN: Bearish setup!!!Amazon, Inc look very interesting to short in weekly timeframe.
So, I love to trade stocks in big timeframe as the big benefit it's the patience and trade in big timeframe we could to earn a lot money in medium to long term and being disciplined.
So, I'm analyzing that Amazon look bearish in weekly timeframe that we could to get benefit trade in bearish trend. Also if you trade in Daily, still bearish. I like to trade stock and crypto in over Day timeframe and also swing trading are the best strategy to do, for me.
So, I'm bearish in Amazon, as the same stock market and cryptocurrencies.
Good luck!!!
Remember,I have another account to trade stock and crypto market, but I have another account just to trade Forex. What we could to get good benefit for our investment.
AMZNHELLO GUYS THIS MY IDEA 💡ABOUT GOLD AMZN is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
AMZNHELLO GUYS THIS MY IDEA 💡ABOUT AMZN is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this long position..
and when the price come back to this area, strong buyers will be push up the market again..
UPTREND + Support from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
AMZN Has a Broken Handle!Amazon has a broken handle!
The handle of the classic cup and handle broke this afternoon on the weekly chart.
I am bullish on Amazon for this reason and because SPY is trading above 400!
I strongly believe that Amazon has a strong move ahead of today.
Blessed beyond measure,
MrALtrades00
*This is not financial advice.
Elliott Wave View: Amazon (AMZN) Rallying in a Double ZigzagShort term Elliott Wave view on Amazon (AMZN) suggests the decline to $123.66 ended wave ((A)). Wave ((B)) rally is in progress with internal subdivision as a double three Elliott Wave structure. Up from wave ((A)) low at $123.66, wave A ended at $128.50 and pullback in wave B ended at $127.18. Final leg higher wave C ended at $131.38 which completed wave (W). The stock then pullback in wave (X) with internal subdivision as a zigzag.
Down from wave (W), wave A ended at $126.39 and rally in wave B ended at $128.98. Wave C lower ended at $124.74 which completed wave (X). Wave (Y) higher is in progress with internal subdivision as a zigzag structure. Up from wave (X), wave A ended at $130.28 and pullback in wave B ended at $127.10. Stock should now continue higher within wave C of (Y) to complete the double three rally from 9.1.2022 low. Potential target higher is 100% – 161.8% Fibonacci extension from 9.1.2022 low which comes at $132.47 – $137.26. Near term, as far as pivot at 123.66 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
Amazon tests the resistance levelThe full-fledged uptrend left for correction and testing of the broken resistance at $125. After testing, the trend is likely to continue. With a 10% position volume and a stop bid at $121.50, the risk on the portfolio will be 0.5%. The profit/risk ratio is 3.74.
Amazon's Q2 2022 profits fell, but company executives gave an optimistic outlook for the cloud technology business.
If you're not ready to invest on your own yet, we recommend that you carefully study the Sirius website, read and familiarize yourself with all the information.
AMZNHELLO GUYS THIS MY IDEA 💡ABOUT AMZN is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this long position..
and when the price come back to this area, strong buyers will be push up the market again..
UPTREND + Support from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
Amazon | Fundamental AnalysisAmazon has been the undisputed king of e-commerce for years. The industry has been changing in unpredictable ways lately, spurred on by unforeseen events. The company took a huge leap forward at the beginning of the pandemic, and as its growth flattens out, has its high growth ended? And how will it affect Amazon stock?
According to Statista, Amazon leads other e-commerce operators by a wide margin. As of June 2022, it accounted for 38% of all U.S. e-commerce sales, followed by Walmart with 6.3%. This was due in part to Amazon's Marketplace, a platform for third-party shoppers that the company launched in 2000. In 2021, Marketplace accounted for 60% of total gross merchandise volume, about 25% of total U.S. e-commerce sales.
However, after a surge in sales amid a pandemic, growth is slowing. This is due to a combination of factors such as tough comparisons to last year's high growth, going through the flow of stimulus money, and inflation. North American product sales grew 10% year-over-year in Q2.
The pace of growth slowed from pre-pandemic levels, although even in Q2 they continued to build on last year's growth. Total sales were up 27% year over year in Q2 of 2021, and that figure fell to 7% in 2022. Company executives are forecasting an average of 15% growth in Q3, which is still below pre-pandemic levels. For example, in the Q3 and Q4 of 2019, sales were up 24% and 21% year over year, respectively.
The global e-commerce market is expected to continue to grow steadily, from $5.5 trillion in 2022 to $7.4 trillion in 2025. If Amazon maintains its share of the overall e-commerce market, then in theory its sales in this segment will grow organically with the rate of overall e-commerce growth. At this point, double-digit e-commerce sales are still an achievement. However, it is no longer the engine of company growth that it once was. If this were Amazon's only business, the company's stock would not look very inspiring.
Although e-commerce is the company's core business (at least for now), it is only one part of the puzzle.
The other important part is Amazon Web Services (AWS), the cloud computing segment. It remains a huge engine of growth, providing steady growth (33% YoY in Q2) as well as profitability. It accounted for 16% of total sales ($19.7 billion) in Q2 and was the only segment with a positive operating profit ($5.7 billion). Two other reportable segments, North American and International, posted operating losses.
AWS continues to introduce new features and services and expand into new markets, attracting new customers and expanding deals with current ones. The company is well positioned to grow sales for years to come.
In addition, Amazon is doing everything else as well. Although the company announced that it is closing all of its 68 physical Book, 4 Star, and pop-up stores, it has made more progress in grocery sales by opening 12 new Amazon Fresh stores in Q2. That's the key to future dominance. The company is well-equipped to do what you might call an elaborate gamble, and trying new types of business without fear of failure is how it thrives and dominates when it is successful. Otherwise, it shuts them down and moves on.
Amazon continues to make acquisitions that increase its top line and expand its dominance in new industries. The company recently acquired One Medical for $3.9 billion, one of the most expensive acquisitions in its history. A few weeks later, the company also announced the closure of Amazon Care, implying that it was making some revolutionary changes to its health care segment. It looks like Amazon is preparing for some major changes in this area that could disrupt the entire healthcare industry, in addition to digital technology and telemedicine, which are already redefining healthcare.
Despite the slowdown in e-commerce growth, Amazon's story is far from over. E-commerce growth is still in the double digits, so even so, the company remains in growing stock territory. But the other businesses it is entering make it a decent bet for strong growth in the coming years, both e-commerce-related and entirely separate.