Amznshort
AMZN Amazon SPRING + DARK POOL TRADES = HAPPY NEW YEAR: GAP UP!!
AMZN technicals pointing to more strength. Expect big GAP UP before opening on Jan 2nd!
Dark Pool Trades have been pouring into AMZN - roughly $3B in last 2 weeks.
Long term uptrend channel former resistance now offering strong support.
Three day downtrend was broken today during consolidation & shows bullish pennant forming.
Downtrend/Pullback from $1900 was caused by end of year writeoff selling for tax purposes - expect those positions to reenter and bandwagon buying from other underperforming retail stocks.
Amzn had record breaking christmas sales - best sales ever reported. Same day and one day also Quadrupled YoY vs quarter 4 of last year.
Short of Entire Market having big time pullback, expect AMZN to continue strong upward move through earnings .
Be prepared to sell earnings . It's no secret that earnings on AMZN will be off the chain - sell the news likely generates our next pullback, but stock will probably be 100-200 points higher if it follows other earnings releases (stock runs up sharply prior to earnings )
New Years BUMP (for all stocks) has historically occurred during first week in January. That will push AMZN even HIGHER than it's momentum...expect $1900 in short order.
NOTE: Watch the SPRING! For more info on institutional spring which may or may not happen since today is a holiday for many, google the Wyckoff Spring.
Why amazon jumped ?!Christmas is over, Kwanzaa is just beginning, Hanukkah is just past its midpoint, and retailers are beginning to take stock of their performance during the holiday season. So far, one of the big takeaways this year is that consumers rushed to e-commerce sites to lock down early and last-minute gifts.
Between Nov. 1 and Christmas Eve, U.S. retail sales climbed 3.4% year over year, according to newly released data compiled by Mastercard (NYSE: MA) SpendingPulse. A breakdown shows that online shopping generated the majority of those gains, as e-commerce sales soared 18.8% during the period, compared to a 1.2% increase at brick-and-mortar stores, according to the report. Digital sales accounted for 14.6% of the total retail sales (a new all-time high).
One of the biggest beneficiaries of that trend was no doubt Amazon.com (NASDAQ: AMZN), and its stock is up more than 4% on the news that shoppers flocked to its platform in record numbers this holiday season.
Can AMZN price go down to $570?Hi traders / investors,
We are talking about the stocks market. There are patterns, noise and randomness of course. US stocks market has a bullish bias. However, past performance is not necessarily indicative of future results. We are talking about a game of probabilities and even 1% probability should be considered seriously. So let's have a look at AMZN chart here.
As we all know, AMZN price declined all the way down to $1307 on December 2018. $1307 is now a strong support. Meanwhile, it's a crucial zone for investors. If we see a drop below $1307, we can most likely see a decline all the way down to $507. I know it sounds like a conspiracy theory. But do you think there's 0% probability? This is not math but statistics. So there's no certainty but probability.
Technical Analysis
When we are talking about the technical analysis, what we are really doing is to analyse the past performance of the underlying. This gives us a clue what can happen in the future. There are tons of other factors like news, time, performance, momentum, fear, greed and etc. However, let's just have a look at the chart. As a technical trader, i only look at the charts. To me, news are in the charts. On 4th September 2018, Amazon reached ATH (all time high). 11th July 2019 is the confirmation of a range. Now AMZN is in the range. If you look closely, you can see an ascending and a descending trend lines. We call it triangle. They meet somewhere in the future. In this case, they meet in 2030. Wow, it is a wide range. What we all know is, AMZN price more than likely to test both ascending and descending trend lines. But we can not say when (can we?). As we know the range, why don't we just trade it? If the price goes above the descending trend line, we can short sell the stock (or buy some put options) and if it goes below the ascending trend line, we can long buy (or buy some call options). But in this particular case, if $1307 is broken, i would wait a little bit more. I will think that something is going wrong here.
Conclusion
I'm not saying that we are going down there. However, in case $1307 is broken, more than likely, AMZN to reach $570 level.
Disclaimer: I'm not a professional trader or financial advisor. This is not financial advice.
Trade safe,
Atilla
AMZN stock price forecast timing analysisStock investing strategies
Read more: www.pretiming.com
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
S&D strength Trend Analysis: About to begin an upward trend as a adjustment trend gradually gives way to increasing limited falls and strong rises.
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 2.2% (HIGH) ~ 0.3% (LOW), 1.8% (CLOSE)
%AVG in case of rising: 1.6% (HIGH) ~ -0.4%(LOW), 1.2% (CLOSE)
%AVG in case of falling: 0.6% (HIGH) ~ -1.5%(LOW), -0.7%(CLOSE)
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
AMZN forecast timing analysis. 14-JunStock investing strategies
Read more: www.pretiming.com
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 1.3% (HIGH) ~ -0.2% (LOW), 0.9% (CLOSE)
%AVG in case of rising: 1.6% (HIGH) ~ -0.4% (LOW), 1.2% (CLOSE)
%AVG in case of falling: 0.6% (HIGH) ~ -1.5% (LOW), -0.7%(CLOSE)
Investing position about Supply-Demand(S&D) strength: Rising section of high profit & low risk
S&D strength Trend Analysis: About to begin an adjustment trend as a upward trend gradually gives way to a slowdown in rises and falling fluctuations
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
AMZN - 2.35 RR setupMorning traders,
Looking at the weekly chart we can see we printed an indecision doji last week. With tariffs being enforced I expect all product heavy companies to begin taking a hit next week.
My plan is to buy month out OTM contracts I'm targeting the 0.382 of the bullish structure with coincides with a major support zone, it may take til the end of June to reach these levels, so I will roll over puts as necessary. I will buy a put spread from 1800-1700 June-July
1) We can see RSI is about to turn on its averages, confirming weekly downtrend
2) RSI is exhausted and curving downwards
3) Slowstoch is bearishly crossing in overbought territory
4) MACD is signalling first downward tick of momentum
5) VFI is neutral
6) Stoch RSI is bearishly crossing
As always, hit that like and follow button, and remember to trade safe next week
Amazon (AMZN) to 700 Within 15 Months? Or Blow Off Top?Since my first Amazon analysis, we rallied higher towards a potential double top target, but we met resistance pretty quickly and have begun to drop. There's no need to panic yet, because it seems like the uptrend from 2015 is still intact (in orange). However, if that fails, we may have to head all the way down to our long term log support (in purple), especially if the recent low at 1300 falls. If we follow this descending resistance (in red), this would give us a bottom target near 700 by June, 2020. Total speculation though.
A correction is needed in the tech space, as many of these stocks have risen too high for too long. This sort of growth is unsustainable, and we're already seeing some warning signs (jobs waning and earnings not as stellar as they expected). I've already talked at length about why I think the tech bubble needs to pop in my other analyses, so I won't write more about it here.
In any case, if we happen to move up from here, we might have a blow off to the top of the channel. As you can see, that would take us above 2000.
In sum, trading setups would be -
SHORT breakdown of 1300 - target 700
LONG the breakout towards 2200 (a little more risky, but a possible scenario nonetheless).
Zoomed Out:
This is not financial advice. This is for future reference and speculative purposes only. I don't hold any positions in the stock market at this time. Previous AMZN chart linked at bottom.
-Victor Cobra
AMZN: Top end of expanding triangle Couple of Trump deadlines coming up, the Chinese 25% tariffs and the funding for the wall/slate/whatever. As previously mentioned, I am of the opinion Trump is over promising and will continue to under deliver. He will be reluctant to look like he caved again. Which company will be the biggest victim of higher tariffs and maybe another shutdown? AMZN. AMZN works off low pricing and no prizes for guessing how much of AMZN products are sourced from China. The potentially higher tariffs coupled with weak consumer sentiment mixed with the probability of another government shutdown will be painful for AMZN.
Technically speaking, AMZN is:-
- hemmed in an expanding triangle formation or commonly known as megaphone pattern. This is a bearish pattern
- hemmed in by the 200-days MA
- MACD has reversed
- the 50-dma, 100-dma are trading below the 200-dma. Pick your favorite version of the death cross, AMZN got them all.
Top end risk of c.$1780 vs. lower end of megaphone pattern at c.$1250 gives a c.1:2 risk reward.
AMZN short. We're going down. Excuse the crude drawing.
Looking at "sentiment" buy buy buy, which sounds to me like short sellers trying to get buyers to fill their blocks.
We are and have been bear since July. I entered at 1800 Now I've put a position on again. Earnings shouldn't matter. Fed will be the tell.
AMZN (Amazon) D1 SignalAs you can see in the graph above there are some points that indicate that there is a great chance we will see fall again
1.We are currently in bearish channel
2.The RSI is in over buy that indicate fall soon
3. NASDAQ is showing weakness in recent days
Our recommend
Sell AMZN
Entry Price: 1643
Stop Loss: 1764
Take Profit: 1390