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AMZN

AMZN possible SHORT1. AMZN has a Head & Shoulder on the Daily. The dashed line touches the two shoulders. 2. There is a sell signal on the SSL Channel for Daily. 3. It is also approaching a downward trend-line and is almost forming a double top (last 3 daily candles). All of these point to more downward movement in the coming days. In case it gets rejected here, then the first target is June's low which is around 101.5-101.7. That is a stronger support also the near term as it bounced around 2% every time. However, it might be able to break through it (in case the broader market supports it). It seems like we are at a similar situation that we were on June 15, however, we might be in a similar situation as we were on June 17th (might be more likely as that was also because that was also a 3 day weekend. However, I think we might get a small gap up on Tuesday with a rejection (most probably a doji) to continue the downtrend.
NASDAQ:AMZNShort
by alwaysinlearningmode
$AMZN Amazon Head & Shoulder Pattern? Let's talk about the obvious head & shoulder pattern on the Amazon daily chart and why it isn't a true textbook head and shoulder pattern. (please don't come for me, this is just my opinion lol) 1. a Head & Shoulder is made during an uptrend. This one on $amzn was created on a downtrend. 2. the VOLUME on the left shoulder should show highest green volume bar on. This one on $amzn does not. The head has the highest green volume bar. 3. Amazon is showing significant strength here at support and could potentially break-out of the ascending trend it is was previously rejecting. Amazon is a leading e-commerce retailor but lets not forget about its web services and infrastructure as well. I'd also like to point out that if you ZOOM OUT of the daily, we just completed a Wyckoff distribution top pattern and has already achieved the full measured move down. The market cannot be trusted these days and it is still very much possible for Amazon to drop lower. I have included 2 support and resistance zones for upside and downside trading (also a GAP marked above in RED). This is not financial advise, just some observations. Happy Trading =)
NASDAQ:AMZN
by ChaldeaCode
$AMZN: Down trend slowing down...There's a possibility of further downside for $AMZN over time, but currently, price action and the drop in commodities suggest that $AMZN is likely to go higher for a while. Until the next FOMC meeting, market participants might bet on a Fed pivot taking place sooner rather than later, given the drop in commodities suggesting inflation might be under control already. I personally think what comes after it is a recession, particularly if the Fed stays in the same hawkish course for longer...For now I'm out of bearish positions and went long using options in a few select names, as well as stock positions in names like $TWTR and $TSLA, etc. Upside here is good, see the yellow boxes for time and price targets in the immediate short term. What comes after this relief rally until mid to late July is to be seen. Will know more when we get there. Best of luck! Cheers, Ivan Labrie.
NASDAQ:AMZNLong
by IvanLabrie
1
Time for a bounce on AmazonAmazon Short Term We look to Buy at 105.87 (stop at 100.99) Preferred trade is to buy on dips. The reaction higher is positive and highlights a clear reversal. Previous support located at 100.00. Risk/reward is ample to call a buy trade. Our profit targets will be 116.09 and 125.19 Resistance: 129.00 / 135.00 / 170.00 Support: 100.00 / 85.00 / 67.27 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. [/b The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:AMZNLong
by Saxo
AMAZON Risky Long! Buy! Hello,Traders! AMAZON fell down sharply And is trading at -45% from the all-time-high Which means that the stock has made a good correction And is trading at the price reflecting its fair value So as the price is retesting a weekly horizontal support I am locally bullish and IF there are no more bad news I will be expecting at least a local rebound from the level Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
NASDAQ:AMZNLong
by TopTradingSignals
2
Amazon Pricing in a Great Recession...This is simply an observation: The yearly return on Amazon (AMZN) is approaching the yearly return it had during the Great Recession. Are markets becoming too fearful? Are we truly as worse off now as we were during the financial collapse in 2008? History has shown that more likely than not, ten years from now most people won't even remember why there was panic selling in June 2022. How many people remember why the stock market crashed in May 2010, August 2011, or August 2015? The VIX was much higher in each of these months than it is now.
NASDAQ:AMZN
by SpyMasterTrades