AMZN Breakout or Pullback? Strategy & Key Levels to WatchAMZN has been trading within an ascending channel, displaying bullish momentum on the hourly chart. With price nearing resistance and volume showing signs of strength, here's how you can plan your trades.
1️⃣ Price Action & Chart Analysis
* Trend Channel: AMZN continues to respect a rising channel, indicating a bullish short-term structure.
* Key Levels:
* Immediate Resistance: $214.02
* Support: $209.65 and $208.74
The $213–$214 zone remains critical; a breakout could push AMZN higher, while rejection may lead to a pullback.
2️⃣ Liquidity Zones & Order Blocks
* Liquidity Zone: $213–$214, where significant seller activity might emerge.
* Order Block: The demand zone near $208.74 aligns with previous consolidation and buying interest.
3️⃣ Scalping Strategy
For short-term intraday trades:
* Entry (Breakout): Look for a breakout above $214 with increased volume. Target $216–$217 for quick gains.
* Stop-Loss: Below $213 to limit risk.
* Alternative Play: If price pulls back, enter near $209 with confirmation of support holding.
4️⃣ Swing Trade Strategy
For longer-term setups:
* Entry Option 1: Buy on a confirmed breakout above $214.
* Entry Option 2: Wait for a pullback to $209–$208 for better risk-reward.
* Targets:
* Initial Target: $217
* Extended Target: $220
* Stop-Loss: Below $207 to manage downside risk.
5️⃣ Momentum & Indicators
* MACD: Bullish crossover on the hourly chart, signaling upward momentum.
* Volume: Increasing near the resistance zone, indicating potential for a breakout.
Game Plan for Tomorrow
* Scenario 1: A breakout above $214 targets $216–$217; wait for confirmation before entering.
* Scenario 2: A rejection at $214 might lead to a pullback; monitor $209 as a strong support level for re-entry opportunities.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Always do your own research and trade responsibly.
AMZN trade ideas
Amazon Ignites: 150% Blaze Ahead?The stock has been in consolidation since August 2020, forming an Inverted Head & Shoulder pattern. Recently, it broke out above the neckline and is attempting to sustain above the 200 level.
Currently trading at 210, the stock has the potential to surge to 500 levels in the next few years. However, the breakout lacks strong confirmation, as a significant bullish candle with volume expansion is absent.
A crucial factor to watch is a monthly close above 200. This will help determine the stock's future trajectory and guide our trading and investment decisions.
AMAZON STOCK TO RALLY DURING THANKSGIVING SEASON! Given Amazon's robust performance in the third quarter of fiscal year 2024, with a notable increase in revenue and same-store sales, we anticipate a strong holiday shopping season. The company's raised sales forecast for the fiscal year, projecting a 4.8% to 5.1% increase, further supports this positive outlook. Amazon's emphasis on value and convenience, including enhanced e-commerce capabilities, is expected to attract significant value-seeking shoppers during the Thanksgiving period. With a history of strong holiday sales and positive consumer sentiment, Amazon's stock is well-positioned to rally during the Thanksgiving season!!
AMZN – Climbing the Channel: Breakout or Reversal in Sight? AMZN has been trading within an ascending channel, showing consistent bullish momentum while approaching a critical resistance zone. This analysis outlines key levels, price action insights, and actionable trade setups for scalping and swing trades.
Market Structure & Price Action:
* Recent Trend: AMZN is trading in a clear ascending channel, with the current price testing the upper boundary near $208.
* Liquidity Zones:
* Buyers have shown strength near $205, forming a key demand zone.
* Sellers are active between $208.50 and $210, creating a supply zone.
* Volume Profile: Steady volume during the climb confirms buyer interest, but volume tapering near resistance may signal caution.
Key Levels:
1. Resistance Zones:
* $208.50–$210: Immediate resistance at the channel's upper boundary.
* $215: Next psychological resistance and prior swing high.
2. Support Zones:
* $205: Immediate support within the channel.
* $198–$200: Key demand zone and lower boundary of the channel.
Indicators:
* MACD (1-hour): Bullish crossover supports upward momentum, but the histogram shows potential weakening, signaling a possible consolidation.
* Volume: Watch for a volume spike to confirm a breakout above $210.
Trade Ideas:
1. Scalping Setup:
* Entry (Long): Above $208.50 with confirmation (bullish candles and increased volume).
* Target: $210–$212.
* Stop-Loss: Below $207.
* Short Setup: If rejected at $208.50, short below $207 targeting $205, with a stop above $209.
2. Swing Trading Setup:
* Bullish Case:
* Entry: On a breakout above $210.
* Target 1: $215.
* Target 2: $220.
* Stop-Loss: Below $208.
* Bearish Case:
* Entry: Short below $205.
* Target 1: $200.
* Target 2: $198.
* Stop-Loss: Above $206.
Game Plan for the Week:
1. Monitor price action around $208.50–$210 for signs of a breakout or rejection.
2. Use lower timeframes (5-min, 15-min) to refine scalping entries.
3. A breakout above $210 could signal strong bullish momentum toward $215, while failure to hold $205 may lead to a retest of $200.
Thoughts & Outlook: Amazon’s current trajectory within the ascending channel indicates strong bullish sentiment, but the stock faces significant resistance at $210. Traders should watch volume and momentum for confirmation before entering trades. A breakout could lead to a strong upward move, while a pullback would present opportunities near lower support levels.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your own research and trade responsibly. Trading involves risk.
11/22/2024 - Here is a new SELL breakout chosen mechanically:This trade is hard to believe because I just can't see Amazon ever being a good idea to short but it came up on my scans so:
11/22/2024 - Here is a new SELL breakout chosen mechanically:
Stop Loss @ $214.10
Entry SELL @ $197.12 or less
Target Profit @ $171.27
AMZN_1W_Buyhello
Amazon symbol and stock analysis in daily and weekly and long-term time frames The market is in an upward trend and the trading position of buying is suitable for the investor, which can bring 100% profit for the investor in the long run. Important support number 188.00 The targets are 257.00 and 366.00 respectively.
BEZOS AND EX-BEZOS ARE GIVING YOU A EARLY GIFT ON AMAZON!BEZOS AND EX-BEZOS ARE GIVING YOU A EARLY GIFT ON AMAZON! NASDAQ:AMZN
- HIGHFIVESETUP still intact
- Creating Support on Wr%
- Retesting Ascending triangle and CupnHandle breakout
- Measure move on both is to $300+
- Cheap on a DFCF model
Have you been buying more Amazon?
NFA
AMZN on the Move: Breakout or Reversal? | Nov. 27, 2024Introduction
Amazon (AMZN) has been showing notable price action, consolidating above key levels while forming a potentially bullish structure. For traders, this is a critical time to determine whether AMZN will sustain its momentum or face resistance. Let’s break down the technicals and create a clear game plan for scalping and swing trading. For a deeper dive, check out our latest podcast episode here: Market Outlook Briefing.
Technical Analysis & Trading Plan
1. Market Structure & Price Action
AMZN is trading near $208, breaking out of a consolidation zone and forming higher lows since the $195 level. The recent uptrend aligns with a bullish channel, suggesting a continuation if buyers maintain control. However, the price is approaching a key resistance zone where traders should remain cautious.
* Immediate Support Levels:
* $205.35: A key level that has acted as a pivot during this rally.
* $202.02: Strong support and a liquidity zone; failure to hold could signal a pullback.
* $196.70: The base of the recent trend; a critical level for bulls.
* Resistance Levels:
* $208.50-$210: Immediate resistance with heavy supply, marking the upper boundary of the trend channel.
* $215.99: Next significant resistance; a breakout above this could signal a move to test $220.
2. Liquidity Zones & Order Blocks
* Liquidity Zone at $205.35-$202.02: Watch for institutional buying in this range. Buyers stepping in here could fuel the next leg up.
* Order Block at $196-$198: This area saw significant accumulation. If revisited, expect strong support for long setups.
Trading Setups
Scalping Strategy
1. Bullish Breakout Play:
* Entry: Above $208.50 with confirmation from volume.
* Target: $210-$212.
* Stop-loss: Below $207.50.
2. Rejection Play:
* Entry: Short below $207 if resistance holds.
* Target: $205.35-$202.
* Stop-loss: Above $208.50.
Swing Trading Strategy
1. Bullish Swing:
* Entry: Near $205-$202 for a low-risk setup.
* Target 1: $210, Target 2: $215.99.
* Stop-loss: Below $200.
2. Bearish Swing (Risk-Managed):
* Entry: If price breaks below $202, consider a short position.
* Target: $196-$198.
* Stop-loss: Above $204.
Trader Sentiment & Volume Insights
Trader Sentiment:
* Bullish Sentiment: Retail traders and institutions seem confident after AMZN’s recent upward breakout. Buyers dominate above $205.
* Cautious Bears: Traders are waiting for potential rejection near $210, which aligns with a significant liquidity trap for buyers chasing late entries.
Volume Analysis:
* Increasing volume near $205-$208 supports bullish continuation. However, tapering volume near $208.50 could indicate weakening momentum unless buyers step in.
Prediction of Market Direction
1. Bullish Case:
If AMZN breaks above $210, expect a strong rally toward $215.99 and possibly $220. Higher lows and the bullish channel support this outlook.
2. Bearish Case:
A failure to hold $205.35-$202 may lead to a pullback toward the $196-$198 liquidity zone. Monitor volume for confirmation.
Game Plan Summary
For Scalpers:
* Look for quick plays near $208-$210 with volume confirmation.
* Stay disciplined with tight stop-losses to manage risk.
For Swing Traders:
* Focus on entries near support zones ($202-$205) or post-breakout ($210).
* Patience is key—wait for pullbacks to ensure favorable risk-reward setups.
Conclusion
Amazon is at a crucial juncture, offering opportunities for both bullish and bearish setups. Scalpers can capitalize on intraday volatility, while swing traders should focus on the broader trend and key levels. Stay disciplined, use volume as a guide, and adjust based on market conditions.
AMAZON Trend Stream Strat BUYScenario Analysis:
Update: 11/26/2024
Market incline by 3.0% -TP1 / 3.2% -Tp2 then retraces to low area @ 210.46
Market inclines 3.2% then inclines 1.1% / 1.4% - 217.5 area due to increased volatility and sentiment of crowd market could continue to tp 3 due to situation of the push.
Market incline 3.2% then decline 1.1% / 1.4% - 211.5 area
News & Events:
Update: 11/26/2024
Amazon outperforming market competition
resources match SEIIV4L studio's economic data
Trump new tech tariffs
Structure:
Strong solid green candles
wicks small, trend unexpected to fall for reversals TA/TC & ECN wise
MacD Crossing 50/50 area idicates higher volatility on both buying sides
Strong bullish volatility price action jump getting wilder
Objective & Targets:
Update: 11/26/2024
Market incline by 3.0% -TP1 / 3.2% -Tp2 then retraces to low area @ 210.46
Amazon.com: New Low Above Old High?Amazon.com jumped to a new record high two weeks ago. Now some traders may see an opportunity in its latest pullback.
The first pattern on today’s chart is the September high of $195.37. AMZN jumped above that level on November 1 after earnings and revenue beat estimates. It was tested the following Monday before prices rallied to new highs. The stock pulled back and held above the level again last week. Has new support been established above old resistance?
Next, stochastics have dipped to an oversold condition.
Third, the 8-day exponential moving average (EMA) has remained above the 21-day EMA. That may suggest the short-term trend is still pointing higher.
Finally, some traders may look for the November 15 price gap to be filled.
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LONG AMZN @ 197.12 because at 728-0, how could I not?I went long on NASDAQ:AMZN because it is oversold and is one of the stocks I have backtested my system on all the way back to its first day as a publicly traded company. AMZN has literally never failed to follow through with a profitable trade after being labeled oversold by my system. I can't ignore AMZN ever because of that.
It isn't always a smooth ride, but it's a dependable and profitable one (although not as profitable as you might expect). But I like trading stocks with a fully known history with my system and I have full faith that AMZN will turn a profit again.
Besides, it is in the middle of a LONG, strong uptrend. This recent pullback has support and looks like a typical pullback like so many others it has had while on this run. Obviously it could be worse than that, but it isn't worse than the dot com bubble bursting or the financial crisis/Great Recession and trades in it would have made money then.
So I will keep buying as long as it is oversold until the entire position is closed, just like last time I posted about AMZN. I will be closing lots as soon as they become profitable, so this could all be over on Monday, potentially/hopefully.
An average win is about 2.7% and while the average trade length is 15 days, that's skewed by a few REALLY long trades. 80% of the trades closed in 5 or fewer trading days and 54% of the 728 trades closed in one day profitably.
My goal here is between 1-1.5% and hopefully 3 days or less.
Amazon Pullback Ahead of Crucial Black FridayAmazon’s share price has taken a breather in recent weeks, but the stakes are high with Black Friday right around the corner. As one of the company’s busiest and most profitable periods, this is a pivotal time for both Amazon’s business and its share price.
The Importance of Black Friday to Amazon's Business
Black Friday isn’t just a shopping extravaganza for consumers—it’s a profit engine for Amazon. Historically, Q4 accounts for roughly 35% of Amazon's annual net sales, and Black Friday is the centrepiece of that surge. In 2023, the company recorded over $149 billion in Q4 sales, and this year, guidance suggests even bigger numbers, with net sales expected to hit $181.5–$188.5 billion, reflecting growth of 7–11%. A significant portion of this increase can be attributed to the holiday shopping period, which also helps drive millions of new Prime subscriptions and locks in recurring revenue streams.
Prime Day-like events such as October’s Big Deal Days have added a layer of complexity this year, pulling some early spending forward. Even so, Black Friday and Cyber Monday remain critical, especially for high-margin categories like Amazon Devices, fashion, and third-party marketplace sales. For perspective, Amazon’s third-party sellers accounted for 60% of total units sold in Q3 2024, a trend expected to accelerate during Black Friday.
The stakes extend beyond sales figures—investor sentiment is tightly tied to Amazon’s ability to execute during Q4. With operating income guidance of $16–$20 billion, compared to $13.2 billion last year, Amazon is projecting significant profitability improvements. If the company can meet or beat these numbers, it could act as a catalyst for the stock heading into 2025.
Technical Analysis: Momentum Fading but Support Intact
Amazon's share price has enjoyed a solid uptrend this year, consistently printing higher swing lows and tracking above its upward-sloping 200-day moving average. The shares hit fresh trend highs earlier in November but experienced a sharp pullback beginning with a notable gap lower on Friday, the 15th. This move mirrored a broader selloff among the "Magnificent Seven" tech heavyweights, which faced headwinds from rising U.S. Treasury yields.
The pullback has brought Amazon's share price back to a key technical zone, where multiple levels of support converge. This area includes the 50-day moving average, a previously breached horizontal resistance level now acting as potential support, and an upward-sloping trendline linking the August and October lows. With the RSI at 49 and drifting lower, the technical picture suggests the market is at a crossroads. Upcoming factors, including Black Friday sales figures and further shifts in macroeconomic sentiment, will determine whether this level can act as a springboard or if the pullback gathers pace.
AMZN Daily Candle Chart
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Amazon: Riding the E-Commerce and Cloud WaveAmazon is currently showing promising signs as it forms the right side of its base, presenting an excellent setup for long-term investors. With strong revenue streams from e-commerce and Amazon Web Services (AWS), the company remains a dominant force in multiple sectors. This diverse business model positions Amazon for sustained growth, even amid market fluctuations.
Technical Overview:
Recent price action shows Amazon bouncing off a strong support level around $182.38 , with its 21-day EMA acting as a key indicator of momentum. As it approaches the $200 mark, investors should keep a close eye on these critical levels.
Profit Target: Initial target at $201.20 , with further potential upside to $210 if momentum continues.
Stop Loss: Set just below the $182.38 support level to manage risk.
Indicator Insights:
Using tools like the MTF Squeeze Analyzer - and MTF SqzMom , we notice a squeeze firing on multiple lower timeframes, signaling that volatility is likely to increase. The 4Hour and Weekly timeframe shows a build-up in momentum, suggesting that this could propel Amazon toward the $200+ range. Monitoring these momentum shifts provides an edge in timing entry and exit points for the trade.
Momentum and Market Overview:
With the Larry Williams Valuation Index Indicator, we observe steady momentum on both the daily and weekly charts, supporting a positive outlook. The readings show consistent strength in Amazon’s price action. Notably, the stock has not yet reached its overvalued level , signaling a fair entry point for buyers. This provides confidence that Amazon is trading within a favorable range, with the market continuing to support buying interest.
Additionally, the general market is in an uptrend, as confirmed by the IBD Market School , with 100% exposure currently active and the Power Trend ON . This signals a favorable environment for growth stocks like Amazon.
Final Thoughts:
This trade idea leverages both fundamental strength and technical precision, supported by our indicators available in the TradeVizion toolset. By combining a clear understanding of Amazon’s market dominance with insights from these smart tools, this setup offers a well-rounded opportunity for both short-term gains and long-term growth.
Feel free to explore our scripts, designed to enhance your market understanding without overwhelming you with unnecessary complexity. Whether you’re trading breakouts or managing risk, having the right tools in your corner can make all the difference.