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Amznshort

AMZN Short Position- Price below the 200 MA, confirming the general downtrend. - Possible formation of descending triangle. - Demand for the asset is weakening (see volume, RSI and OBV indicators). When the price cuts below the 50 MA, the RSI is well below 50% and the OBV is red and well below the mid level, enter short. I prefer to enter my positions with confirmations of indicators, rather formations of patterns. WARNING: THIS IS NOT A INVESTMENT ADVICE. I'M JUST POSTING MY IDEAS AND IT IS FOR EXCHANGE OPINIONS.
NASDAQ:AMZNShort
by mariohidalgo
AMZN is Still in a WXY Correction StructureAs we can see in the chart, Amazon(AMZN) WXY correction is in blue and we expect more downside to around $60 only when the wave (Y) in blue and Wave ((II)) in black are complete. Technical Analysis: - H1 & H4 Right Side are Turning Down - Technically AMZN has now 5 waves down and has a strong correlation with NASDAQ - that's why we expect that it extends lower to around $60 where smart buyers will must appear and we'll like to do an edging buy.
NASDAQ:AMZNShort
by Market-Right-Side
8
Amazon -> Kind Of Left BehindHello Traders, welcome to this free and educational multi-timeframe technical analysis . Just recently Amazon stock perfectly retested and also rejected a quite obvious previous weekly support zone which was turned very strong support again. After this first initial bounce, Amazon stock then created a rejection of a long term downtrend-line and is once again approaching the weekly support area from which I do expect another rejection towards the upside. On the daily timeframe I am now just waiting for the market to retest the previous support area and if we then have some bullish confirmation on the lower timeframes, it is quite likely that we will see at least a short term rejection towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
NASDAQ:AMZNShort
by basictradingtv
47
Amazon short in the near-termNASDAQ:AMZN Please hit like and subscribe if you find below analysis useful. If you disagree, please leave a comment to help me learn. While Amazon seems to be forming a falling wedge on the weekly timeframe, it can be expected to fall in the short-term….. Daily timeframe seems to suggest a potential H&S pattern playing out. Multiple gap-ups beginning of the year (including a weekly gap up) kicked-off the beginning of the H&S pattern start of 2023. AMZN seems week enough to go back to fill those gaps. If that happens, we can see Amazon hitting mid-80s in the coming days and weeks. Plus, for Amazon needs to decline in the short-term to build on the falling-wedge pattern. Lastly, Feb monthly candle-stick seems to suggest a bearish trend and set to test the 100-period MA on monthly timeframe. Please hit like if you found this useful.
NASDAQ:AMZNShort
by bullvsbear9
AMZN Amazon Technical ReboundIf you haven`t sold Amazon`s slowest growth since 2001, with EPS far below analyst predictions: Then you should know that a technical rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold. In this case, the Relative Strength Index momentum indicator of AMZN is close to oversold level. Even though i am overall bearish on the economy, buying a strong financial instrument when the RSI is below 30, would make a case for a potential short term reversal. The chart is self-explanatory. Looking forward to read your opinion about it.
NASDAQ:AMZN
by TopgOptions
1
What happened to Amazon today?Today, after the market closed, Amazon released its Q3 earnings and revenue, as well as other financials. It outperformed earnings per share by a significant margin, so why did Amazon drop 14% in after-hours trading? Well, the answer lies in a few things which I will cover today. 1. Amazon Web Services (Includes cloud computing, a major component of Amazon's revenue) only brought in 20.5 Bil, compared to forecast of 21 BIl. 2. Due to the above reason, Amazon's revenue was lower than expectations of 127.63 Bil, only achieving 127.1 Bil, with much, much slower growth compared to the previous quarterly earnings and revenue. 3. Amazons sluggish growth in revenue can only mean one thing -- A weaking Consumer. And as the Fed hikes interest rates quickly, Amazon's revenue may go down along with inflation. 4. Guidance from Amazon shows a weak Holiday quarter (weak sales and revenue) So, this is just an update on the latest news to keep you updated. If you want me to continue this type of posts, please comment!
NASDAQ:AMZN
by AlphaTigerInvestments