AMZN
Amazon a good buy at $2000I feel there are some good setups coming in this bearish market. Amazon being one of them for you large cap players. I have a zone between $2150-$2000 which is a monthly fib level. 90% back to the highs from $2000. Even if it dips lower, you know Amazon will perform come a bull market again and go make new highs eventually. Set aside cash to average down if it drops below $2000. The next level down would be the monthly 500ema at $1700. Unsure we will get that far though.
Let me know your thoughts.
Will Amazon (AMZN) replicate the past ?AMZN closed below its 200 MA (W) for the 1st time since 2008.
Past events do not reproduce the future but out of curiosity, just an idea of what it might look like if we look at how it happened in the past. We are here in logarithmic scale (necessarily).
Disclaimer: All content has only educational and informational purposes, and never should be used or take it as financial advice.
AMZN - Attractive Area!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
AMZN is overall bullish trading above the brown trendline and now approaching it again acting as non-horizontal support.
Moreover, the blue area is a demand zone as we previously had an aggressive movement upward from it.
So the highlighted purple circle is a very strong area to look for buy setups as it is the intersection of demand zone and the brown trendline.
As per my trading style:
I will be looking for potential bullish reversal setups on lower timeframes (like a double bottom , trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Market bounce time!Chart self-explanatory.
Everyone expected that rates will crash market and it didn't. This is something I actually envisioned would happen is that the market is actually going to go up.
We need getting too much expectation on crash that actually it won't happen! this is the motto and the play the market has been playing all along and.... funny it works!
Long the fear... as long the fear news is strong and the expectation of crash is strong. You can bet your house that we are going up and it's a matter of the market creating an atmosphere that doesn't make people long. In other words Market is trying to lower it's payouts on longs by pushing people away from longing.
Proven psychological play. Since covid started it has been the same play,
$AMZN Key Levels, Analysis, & Targets $AMZN Key Levels, Analysis, & Targets
I do believe that there will be some upside here… Yesterday’s reversal candle, and with followthrough today and tomorrow could send AMZN up to fill that gap… up to about 2900…
Though I don’t believe the market is done falling as that may take many many more months and possibly years, I do think there’s a good relief rally brewing here before the next move down in the overall market…
AMZN is starting to look like a buy and I’ll likely start accumulating shares/selling some puts later this week… I just want to see some follow through on that reversal candle…
Just need a little more confirmation and then looking for a 16-20% move…
Let me know your thoughts…
AMZN D2:40% CORRECTION PT BEARS 1500USD SHORT IT(SL/TP)(STOCKS)Why get subbed to me on Tradingview?
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AMZN D2:40% CORRECTION PT BEARS 1500USD 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 2daily chart review and outlook
::: 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 in may and go away
::: recommended strategy: SHORT IT / STAY OUT
::: up to 40% correction still possible from here
::: fair value for AMZN is 1500/1750 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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Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Amazon (AMZN) | 2018/19 Resistance Becomes Support!Hi,
A lot has happened, a lot to come but still cannot stay quiet to not share the technical buying zone for AMZN.
Criteria:
1. The trendline
2. Different TF EMA's
3. Strong resistance becomes support
4. Round number $2000
5. AB=CD
6. Fibo levels
7. Fibo Extension
8. 50% drop from ATH
Do your own research and if this matches with my TA you are ready to go.
Regards,
Vaido
AMZN Back to 1300, Nasdaq Back to 7000Back at the end of 2018, I made an attempt to call a longer term bear market for big tech. Linked below are some of those posts. I was new to markets, and all I did was look at the chart. Even back then, the charts for Apple and Amazon looked ridiculous, but now it's undeniable that they've seen parabolic growth. This is the AMZN chart zoomed further in, where you can see how I was dead wrong at the end of 2018, as the money printer and QE kicked in again, taking the market to new highs shortly before the pandemic hit. Then, the pandemic hit and the Fed exhausted the last of its firepower. Will they save the market again?
Above, I marked the 1600 and 1300 levels as areas of support, should the current level fail. Also shown on my Amazon chart is the long term uptrend, which has now been broken and confirmed as resistance. I expect markets to fall back to pre-stimulus levels, as the 2021 rally was largely "fake." Even though some of these companies may continue to remain profitable, I think some disappointing earnings will start to trickle in, signaling a depressing outlook for growth in the near future. Take Netflix, for example. It's already getting closer to testing some of those earlier levels. Perhaps it's a "canary in the coal mine" situation.
What's especially concerning is that even companies that have exceeded expectations (like Tesla) cannot sustain a rally. Look at that earnings pump and dump:
This implies that market participants are exiting regardless, and booking profits after many years of easy economic policy. Now here's something truly hilarious. Elon Musk and Bill Gates claim to be shorting each other's companies! What happens in this scenario? They both still profit. Billionaires are just playing games.
Here are some levels marked for Tesla. If Elon continues to innovate and do well, TSLA may not drop quite as much as some others, but that's still a lot of profit on the table. He's even sold some of his own shares himself:
And Microsoft:
Why Would the Fed Just Let It Happen?
The easiest way to fix inflation is perhaps to just simply let things unwind. As big corporations lose profits, smaller businesses close, and people lose their jobs, their homes...a big financial crunch occurs that shocks the living daylights out of our systems. New solutions will need to be found, some of which may seem obvious, such as taxing the wealthy and corporations much more heavily. Some we haven't even dreamt of yet. Here's a speculation: Community living becomes more desirable, and new small businesses will need to emerge to tailer to those communities. A world owned by corporations already causes pressure on communities and small businesses, where your boss is forced into implementing oppressive working conditions to stay afloat. All the while, your next door neighbor begins trading Dogecoin and digital images to finally have a glimpse at paying off his debt or buying a home. It's an escape into a black void that consumes your soul, and the soul of society.
Ready for the collapse?
Let's see what happens.
This is meant for speculation and entertainment only.
-Victor Cobra
AMZN slowest growth since 2001 EPS far below analyst predictionsIf you haven`t bought this bounce:
then you should know that AMZN revenues rose 7% in the first Q of the year to $116.4bn, slowest growth in two decades!
Earnings per share (EPS) were -$7.56 vs $8.55 analyst predictions, first quarter it has posted a net loss in at least four years.
My price target is now the $2400 support, with a possible bounce by the end of the year due to the stock split enthusiasm.
Looking forward to read your opinion about it.
Amazon (NASDAQ: $AMZN) Touches 0.5 Fib Region For 3rd Time! 3️⃣Amazon.com, Inc. engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores. The company also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Rings, and Echo and other devices; provides Kindle Direct Publishing, an online service that allows independent authors and publishers to make their books available in the Kindle Store; and develops and produces media content. In addition, it offers programs that enable sellers to sell their products on its websites, as well as its stores; and programs that allow authors, musicians, filmmakers, Twitch streamers, skill and app developers, and others to publish and sell content. Further, the company provides compute, storage, database, analytics, machine learning, and other services, as well as fulfillment, advertising, publishing, and digital content subscriptions. Additionally, it offers Amazon Prime, a membership program, which provides free shipping of various items; access to streaming of movies and series; and other services. The company serves consumers, sellers, developers, enterprises, and content creators. Amazon.com, Inc. was incorporated in 1994 and is headquartered in Seattle, Washington.