AMZN for a long term top ? AMZN has been in a long bullish trend since early 2010. Following the big central bank money printing in March 2020, prices have reached new ATHs but are now unable to continue since Sept 2020.
The upper monthly BB is now closing down and MACD has turn red which make me think that prices may have found long term top and consolidation could be going for the next months.
I've drawn something that could looks like a flag that would be forming with this consolidation. Of course this drowning is speculative since there is no points of references to confirm the trendlines and it is there just to picture a potential scenario.
The consolidation signal would be given by a break of 3000$ and the blue channel in which the share has been since 2010. The selling positions would be taken on Daily/Weekly timeframe.
On the other hand, if prices are breaking 3500$ and also the red resistance trendline then the trend would continue. But with a reversing MACD and closing BB the potential of an up move would be limited in my opinion unless we see another big money printing that would again propel the prices.
So there is a long term idea for the ones looking to buy : Wait for a break of 3500$ and red trendline to try catching the move up.
For the ones looking to sell : Wait for a break on blue channel and there will be signals to sell on Weekly/Daily.
Amznanalysis
AMZN 1H Amazon stock has an uptrend for 20 years, what next?Amazon.com is one of the first Internet services focused on the sale of real consumer goods, the world's largest company in terms of turnover selling goods and services over the Internet. The company is expanding into e-commerce markets around the world.
Such a "big brother" from “Big five“ , the development of which probably inspires all the Internet platforms. Today, it is difficult to name any innovative industry where Amazon or directly its founder Jeff Bezos would not be involved. They are involved in all industries: from filming movies and TV shows to supermarkets without salespeople, from selling anything online to flying into space.
But let's go to the graph, if you looked at our global ideas for the funds' instruments ( by the way, they are all tied to the bottom of this idea ), you should note that all instruments had a consolidation of 8-13 years around the 00s and then a 10-12 year growth trend.
But AMZN shares are different, even special ones — their upward trend , almost without correction, has been going on for 20 years.
From the low of 2001, the share price of AMZN has added more than +60,000% , here even most cryptocurrencies can envy such a powerful and stable growth.
Of course, the higher the price, the more difficult it is to grow, however, we believe there is still potential for growth.
Last year, Amazon's share price was in the consolidation of $2800- $3500. It was gaining strength for the next upward impulse, which took place 2 weeks ago. Now the $3500 level is turned from resistance to support.
If the price does not go much lower than this level, then the forecast of continued growth another 1.5 years to the beginning of 2023 will become very realistic.
The intermediate target for growth can be $4800, and the final target for growth we choose is $5750 . Just imagine, at this level, the price of an A MZN share could rise more than +100,000% from the 2001 low in a single trend. One hundred thousand percent, this is cosmic significance as for funds.
It is good that tradingview retains all the ideas and in 1.5-2 years we will be able to test their effectiveness.
And if you are interested, please like and write a comment. We will update the idea over time, and you will receive a notification about it.
AMZN IdeaG'day Guys
Today i gonna focusing on Stock & Crypto analysis and some Currency as most of my Currency analysis still valid and on progress to completing the cycles.
AMZN most likely, creating a sideways in weekly time-frame. Am anticipating the market movement by looking for sell opportunity which is most likely gonna happen.
There will be two option of projection, which is once this pair reaching the demand zone price might break lower. If it's solid break the support, this gonna be another new trend is forming.
Or else, sideways continues. Let's see what gonna happen next..
Stay tune...
Let's Check AMZN PairG'day Guys.
Since stock become more popular. Let's try to analyst it. From my perspective, i categories it into two phases.
First phase based on Bigger Time-Frames.
In weekly time-frames, AMZN forming of HNS and sideways. Based on technical analysis price actions, this pair might going to consolidation which is expecting looking for Demand Zone. For me, at the moment AMZN way to high.
Based on market cycles, price need to retrace before bullish rally. In Business perspective, if AMZN did not make any changes soon on their business structure or business operations. It will drag their stock further down, unless they make some improvement to make sure they keep sustain with other competitors which is keep looking for improvement to make more money and trust from their share holder.
Second phase based on Hourly Time-Frames.
In here, we expecting some small retrace before continue bearish which to complete market cycle.
Let's see what happen with this pair. Give me some comment or idea that might self improvement.
Cheers.
AMZN LONG SET UP TO $3,600TITLE/(DATE)- BUY AMAZON
ASSET- AMZN
PLATFORM- MT4
ORDER TYPE- BUY limit
Time Frame- 1D
ENTRY PRICE 1- 3138.00
ENTRY PRICE 2-3088.00
STOP LOSS- 3038.00
TAKE PROFIT 1- 3238.00 (1000 PIPS)
TAKE PROFIT 2- 3338.00 (2000) PIPs)
TAKE PROFIT 3- 3438.00 (3000 PIPs)
TAKE PROFIT 4- 3538.00 (4000 PIPs)
TAKE PROFIT 5- 3638.00 (5000 PIPs)
STATUS: PENDING
AMZN Trade Idea (updated)AMZN has been moving sideways for monthssss! MMs are just banking on premiums, and as we have seen this week it was bought up very quickly when spy was falling, but was also lagging when spy was going up.
I'm still extremely bullish on AMZN . And the reason is for a stock to get that much price upgrades, news, deals, revenue, holiday season sales and still not react this means that big money is waiting for one specific thing to happen and they'll pump it to the moon!
Might be stock split? BIGC buyout? who knows! But what i'm sure of is that amzn is still growing and the longer the coiling the more explosive the move is!
But according to the order flow sweeps and elliot wave , AMZN will rally to 3800ish by dec/jan.
What i'd recommend doing is playing multiple spreads instead of calls to avoid theta decay.
Play multiple spreads with different exps where one could be for all the others and let theta be on your side.
Worst case scenario: AMZN rejects 3400
Best case scenario:3800+ by mid jan