Get started

Amznlong

Elliott Wave View: Further Rally in Amazon (AMZN)Since bottoming on December 24, 2018 low, Amazon (ticker: AMZN) has continued to recover. The sequence from December 2018 low remains incomplete with 100% extension coming at $2033 – $2143. In shorter cycle, we can see from the chart below that the pullback to $1818.90 ended wave 2. Wave 3 is in progress and subdivides as an impulse Elliott Wave structure. Up from $1818.90, rally to $1876.47 ended wave ((i)) with subdivision also as an impulse of lesser degree. Wave (i) of ((i)) ended at $1853.67, and wave (ii) of ((i)) ended at $1840.26. Wave (iii) of ((i)) ended at $1869.72, wave (iv) of ((i)) ended at $1852.50, and wave (v) of ((i)) ended at $1876.47. The stock then pullback in wave ((ii)) and ended at $1845.28. Internal of wave ((ii)) unfolded as a zigzag where wave (a) ended at $1855.01, wave (b) ended at $1870.82, and wave (c) ended at $1845.28. Wave ((iii)) is in progress and Amazon can see 1 more leg higher to end wave ((iii)) before pulling back in wave ((iv)). Similar to wave ((i)), the internal of wave ((iii)) subdivides as an impulse structure in lesser degree. Wave (i) of ((iii)) ended at $1894.95, wave (ii) of ((iii)) ended at $1882.50, wave (iii) of ((iii))) ended at $1929.26, and wave (iv) of ((iii)) ended at $1916.59 and wave (v) of ((iii)) ended at $1933 peak. Below from there it is in wave ((iv)) pullback. The stock should continue to find support in 3, 7, or 11 swing as far as wave ((ii)) pivot at 1845.71 remains intact. We don’t like selling the stock.
NASDAQ:AMZNLong
by Elliottwave-Forecast
AMZN ready to push back towards $1700 and beyondWhile the SPY is fighting $280 resistance, AMZN has been making higher lows inside its major down channel. A break towards 1672 then 1723 (5% move from the closing price of today and the 200 day sma) looks to be in the cards as long as the overall market can break through 2800 on ES and hold. I also like that the daily has closed well above the daily 9 day exponential moving average. A bigger move in the market place is definitely in the cards in the next 2-3 days with the USA-China trade agreement extended deadline from this Friday, March 1. Also Trump meeting with North Korea's leader, Kim Jong Un, to discuss denuclearization. A USA-China trade deal, or even a peace agreement with North Korea could launch this market much higher. Purchased April $1640 calls with a $10 stop based on the weekly and daily price action. Risking $1k (per contract) of house money to make $5k (per contract)+. Let's see what happens in the next few days :-). As always let price discovery be your guide.
NASDAQ:AMZNLong
by Price-Level-Trading
AMZN to reach new highs after Q4 earnings - iH&S spottedInteresting setup developing on AMZN chart. We can see an inverse H&S near completion. In this case, the neckline corresponds with the 200 MA and Q4 earnings date on January 31st. Strong holiday business + black friday sale could possibly lead to a positive surprise and add to the positive momentum, confirming a sustained trend reversal. Let's see how this plays out. A like is highly appreciated in case you enjoy this idea! =)
NASDAQ:AMZNLong
by RauldaCool
AMZN: ABCD completion on trendline supportSpeculative long trade along the theme we are witnessing the beginnings of a counter-trend rally. AMZN just completed an ABCD down move which coincides with a medium-term up-trend line (connecting Jan'15, Feb'16 & Oct'17 lows). While I do not know how aggressive this bounce is going to be, conservatively speaking, a 38.2% to 50% retracement would result in low teens return with clearly defined stops (ie. trendline violation). Anything beyond a 50% retracement would be icing and if I am wrong about this being a counter-trend rally, one would be riding this puppy to a new all time high. Good odds.
NASDAQ:AMZNLong
by WellTrainedMonkey
1
Technology should rebound 16%+ from recent lowsThe technology sector should rebound at least 16% from recent lows before April 2019. This rotation in the US equities markets is a very healthy process and my predictive modeling is suggesting that this IS NOT A TOP. We still have a ways to go before I will be calling a top in this market. The Technology sector is where real share growth has been focused over the past 3+ years and I don't expect that to change. Amazon and others will continue to drive share price appreciation as Q3 earnings are announced and Q4 earnings will likely continue to outperform. Yes, a shift of capital from over valued assets, like AMD and others, may cause some pricing pressures - especially if Cryptos collapse as I'm expecting. Yet, this shift of capital will not abandon technology completely. This recent downside price move is really a tremendous buying opportunity for skilled investors. Don't let the Elliot Wave charts fool you. Everyone was calling the February top a WAVE 5 TOP. Look what happened. Get ready for another leg higher by early 2019.
NASDAQ:METALong
by BradMatheny
2
Elliott Wave Analysis: Amazon Showing Impulse RallyHello Traders, In this Elliott Wave Analysis, we will have a look at Amazon. Short-term it is suggesting that the cycle from 6/25/2018 low ($1646.31) is rallying higher in an impulse structure. This suggests that the internal sub-division of each leg higher is unfolding as 5 waves structure of lesser degree i.e black wave ((i)), ((iii)) & ((v)), whereas wave ((ii)) & ((iv)) has subdivision of 3 corrective waves. Up from $1646.31 low, a rally higher to $1725 high completed black wave ((i)) in 5 waves leading diagonal structure. Down from there, the 3 waves pullback to $1684.30 low ended black wave ((ii)) as zigzag structure. Above from there, the stock made another 5 waves advance which ended black wave ((iii)) at $1841.95 peak. Below from there, the pullback to $1791 low ended black wave ((iv)) in lesser degree 3 swings. Up from there black wave ((v)) remains in progress which is expected to unfold in another 5 waves structure. Target for black wave ((v)) comes at $1868.58-$1887.15 ( black wave ((v))=((i)) ) area for the completion of cycle from 6/25/2018 low in red wave 1 or wave A. Afterwards, the stock is expected to do a pullback in red wave 2 or wave B in 3, 7 or 11 swings before further upside is seen provided the pivot from $1646.27 low stays intact. We don’t like selling it.
NASDAQ:AMZNLong
by Elliottwave-Forecast