Inverse Head And ShouldersI saw "Inverse Head And Shoulders" on amazon From my technic i can increase to $260Longby Nat_ATW5
𝗔𝗺𝗮𝘇𝗼𝗻 𝗨𝗽𝗱𝗮𝘁𝗲: $AMZN Weekly. Huge bull setupOver 145 and should see a nice run to 170 resistance. Large accumulation pattern (inverse H&S) with an implied target ~$200 🤯 NASDAQ:QQQ $NQ_F TVC:NDQ NASDAQ:AAPL NASDAQ:MSFT NASDAQ:META NASDAQ:GOOG NASDAQ:TSLA NASDAQ:NVDA NASDAQ:SOX $ES_F AMEX:SPY SP:SPX TVC:DXY NASDAQ:TLT TVC:TNX CBOE:VIX #StocksLongby KobesyTrades5
AmznRising wedge here. And severely Overbought on hourly I'll be looking for a pullback to 132 in the next 3 trading session before a rally up to 145 gap close. Should look like a double bottom pullback. Leg up to 145 holds as long as we don't drop back below 130 Shortby ContraryTraderUpdated 8834
W PATTERNThe first ;eg of a W pattern pattern is Down. The last leg, leg 4, is Up. Valley 2 (V2) is lower than valley 1. This brings a few patterns to mind as only a few have this scenario. A Cypher is measured from the top of the 1st leg to the bottom of the 3rd leg (V2) and terminates near the .786. Price pierced the .786 today with a candle shadow. The Nen-Star is measured in the same way but terminates at the 1.272 or very close. A shark is measured using the 1st leg only, the down leg and the 4th leg terminates near the .886 for a Shark and the 1.113 for the Alternate Shark. So I will wait and see. No recommendation. The market can be an endless procession of surprises. The expected rarely occurs and seldom in the expected manner.by lauralea4
$AMZN BULLISH IDEAI am strong bullish on Amazon stocks. After Nicely respect the Monthly FvG. And looking to displaced higher. Longby Traderkorao5
AMZN BULLISH???...Watching AMZN for a potential Inverse Head and Shoulders pattern to develop on the Daily Chart. AMZN sold off pretty hard leading up to earnings on 10/26/23 only to experience a large gap to the upside (represented by the blue parallel channel) to open the session on the morning after the report. The stock had been mainly trading inside a Descending Channel(D) since making its most recent high of $145.86 on 9/14/2023. After setting a 52wk Low in Dec '22, the stock began to recover before hitting the 200(MA)(D) and falling sharply as a result of a miss on Q4 '23 earnings announced on 2/2/23. The stock fell more than 20% before finding support and going on a straight rocket ship that it has been on since March of this year. The run has been fueled by three consecutive earnings beats, with the most recent being a few days ago on 10/26/23. As a result, AMZN has beaten projections for all three quarters of '23 and looks poised to have a strong Q4 with the holiday season approaching. AMZN has risen significantly over the last two sessions since the release of the earnings report, however the overall sentiment of the market is FEARFUL, and stocks have been in a corrective mode creating lots of downward pressure. The stock seems to have found support at the 200MA(D) and closed today above both the 50MA(D) and 100MA(D). This area also coincides with the Golden Zone of a Fib Retracement from the last earnings miss, to the most recent high. This area is represented by the yellow rectangle encompassing the Head, just below what would be the Left and Right Shoulders. Expectations are for a pullback in the area of $134-$136 down to the $123-$125 area, (completing the Head and forming the Right Shoulder) before continuing its upward trajectory. Price action should be interpreted as it develops, and this serves as a general idea how the chart could start to take shape. Levels should be treated as zones and entries taken on a real time basis. Trade Scenarios 1. Early Takeoff Stock had been trading in a Descending Channel(D) since August. The stock temporarily experienced a false breakout above the channel on 9/8/23 but returned back inside the channel eight trading sessions later. It traded inside the channel for about two weeks before another failed breakout attempt on 10/12/23 and ultimately falling back into the channel. On Thursday 10/26/23 (the last session before earnings were released) the stock found support at the bottom of the channel and the Golden Fib Zone creating a nice bounce allowing the stock to close above the Descending Channel(D). With strong momentum the stock could possibly take off from here however that seems unlikely. The safer play would be to wait for Bullish price action to occur on a retest of the top of the Descending Channel(D). If the overall market begins to show signs of strength, this could be a logical spot for the stock to bounce. This would still be an early aggressive entry. 2.Conservative The safest way to enter the trade would be to let the pattern develop and take entry when the stock breaks the neckline. For added confirmation wait for a break and retest of the neckline but be mindful that this could result in missing the trade completely. 3. Aggressive If the formation is to play out it may be advantageous to wait for a pullback/reaction at the potential neckline. Entry would then be taken if BULLISH price action developed at the anticipated area of the right shoulder. *This is just one of many scenarios/formations that could develop given the stock's current price point and technical levels. It will be important to watch price action over the next couple of days to determine the ultimate direction of the asset. *Bias is to the upside, but it is important to watch the overall sentiment of the market. A break below the area identified as the Left Shoulder would be the first warning sign, and a break below the area identified as the Head would totally invalidate the trade's parameters. Should that occur, it would not immediately mean the stock has turned BEARISH however, it would mean the stock should be re-evaluated before entry. *RSI(D) has confirmed DBL BTM, breaking above the neckline and currently resides in BULLISH territory with a reading over 50. *Watching Bollinger Bands(D), AVP(52wk Low) POC, VAH, and VAL for added support/resistance.Longby JimmyNoDiceUpdated 2
Amzn shortI'm taking a jab at the bearish XABCD pattern. Amzn also hit a resistance at $133. Target 1: $126.75 Target 2: $123.96-122.87Shortby MaryBlossomJUpdated 3
$AMZN 15min 2 steps for Bullish Scenario with T1S Indicator: 1. Candles Above the Green Line: • Check that the candles on the chart are positioned above the green line of the T1S indicator. This could be an indication of bullish momentum. 2. Bars Above Zero: • Ensure that the bars on the T1S indicator are above zero. This condition might suggest positive market sentiment or upward price movement. 2 steps for Bearish Scenario with T1S Indicator: 1. Candles Below the Green Line: • Verify that the candles on the chart are positioned below the green line of the T1S indicator. This condition may indicate bearish momentum or a potential downward trend. 2. Bars Negative Below Zero: • Confirm that the bars on the T1S indicator are in the negative territory and located below zero. This setup suggests a negative market sentiment or downward price movement. by Moey830
AMZN Pulls NASDAQ Up, Expecting Help from AAPLAmazon's quarterly report provided a ray of light in a gloomy environment for the tech-heavy US stock market, as the NASDAQ index fell last week to levels last seen in May. → AMZN EPS: actual = USD 0.94, expected = USD 0.58 → Gross revenue: actual = $143.5 billion, expected = $141 billion → For the Q4, AMZN expects revenue of USD 160-167 billion → Revenue from Amazon Web Services grew by 12.3% year on year → Advertising revenue increased by 26% However, the AMZN chart shows that: → the price pushed off from the lower border of the parallel channel; → the breakdown of the psychological level of USD 120 per share turned into a trap for the bears; → the price is approaching the resistance zone, which is formed by the median line of the channel and the level of USD 135. AMZN is acting as a leader among NASDAQ stocks, but that may not be enough for the index to show positive sentiment in a market under pressure from high Fed rates. While a report from AAPL could add some good news, it is expected on November 2, after the market closes. On the eve of the report, Apple (AAPL) presented new 3-nanometer M3 chips, as well as an updated family of MacBook Pro laptops: a 14-inch MacBook Pro for USD 1,599, and 16-inch laptops will start at USD 2,499. Also on the radar for stock traders is the Fed meeting on November 1st. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. by FXOpen12
Amazon Analysis WeeklyAmazon.com, Inc. is an American e-commerce company, headquartered in Seattle, Washington. It is the largest Internet company in the world.Time proclaimed Jeff Bezos, the company's founder, Man of the Year in 1999, in recognition of Amazon's success in popularizing e-commerce.Longby Patriking1
Time to buy Amazon I think now is the best price to buy Amazon and also for long term trade it will be really good .by CNAFXUpdated 2
AMAZON 1st bullish break-out made. Only the 1D MA50 left.Amazon (AMZN) made a Channel Down Lower Low on Thursday just before hitting the 1D MA200 (orange trend-line) and following the higher than expected earnings opened Friday much higher. That price jump broke above the September 14 Lower Highs trend-line. The 2nd and final bullish break-out we expect before buying again for the long-term will be above the 1D MA50 (blue trend-line), which is where the October 12 rejection took place. A candle closing above it, would invalidate the medium-term bearish bias and most likely restore the stock back on long-term bullish trend. The 1D RSI Double Bottom is what at the moment is shifting the sentiment a little more towards a potential bullish break-out. On the other hand, a break below the 4H MA200 will cancel it. Our target is 146.00, just under the August 16 2022 High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇by TradingShot18
AMZN Dropping By 11/03?AMZN did great on earnings but its time for a quick drop 1HR We have Supply Liquidity Heat Zone from $128.30 - $129.84 We have a pivot level from $126.59 - $125.96 Small demand liquidity from $124.79 - $124.50 Demand Liquidity from $119.52 - $117.85 15-30M Looks like we are starting a trending parallel to the upside Option Flow PUTS Below 126 exp 10/27 so ill look for a week later 11/03 Option Chains Call Walls at $128, $125 Heavy Call Imbalance for a few weeks Shortby OakFDom2
Amazon Stock Pops More Than 5%The e-commerce giant's Q4 revenue guidance also beat Wall Street's expectation. Shares of Amazon (AMZN 7.49%) jumped 5.4% in Thursday's volatile after-hours trading session, following the e-commerce and cloud computing leader's release of its third-quarter 2023 report. The gain is attributable to the quarter's revenue and earnings both sprinting by Wall Street's estimates, with the bottom-line beat a particularly big one. Investors were also likely pleased that revenue guidance for the fourth quarter -- the particularly important holiday quarter -- exceeded the analyst expectation. 1. Revenue grew 13% Amazon's net quarterly sales grew 13% year over year to $143.1 billion, easily surpassing the $133.4 billion Wall Street had expected. That result also edged by the company's guidance range of $138 billion to $143 billion. Excluding the favorable effect from foreign-currency exchange, revenue increased 11% from the year-ago period. Year-over-year revenue growth at AWS continued to slow on a sequential-quarter basis. In the prior three quarters, the cloud computing unit's year-over-year revenue grew 12% (Q2 2023), 16% (Q1 2023), and 20% (Q4 2022). This slowdown is industrywide, as many businesses are being cautious with their spending due to the uncertain macro environment. On the earnings call, management expressed optimism that the surging adoption of artificial intelligence (AI) will be a big tailwind for its AWS business. That said, AWS's profitability increased significantly (as discussed in the next section) more than its revenue, and profitability growth, arguably, is more important than revenue growth. Moreover, Amazon's e-commerce business's revenue growth outperformed Wall Street's expectations, which more than compensated for AWS's revenue falling just a tad short of the Street's estimate ($23.06 billion vs $23.13 billion). This dynamic underscores the benefit of diversification. 2. Operating income soared 348% The quarter's operating income more than quadrupled from the year-ago period to $11.2 billion. This result walloped Amazon's guidance range for operating income between $5.5 billion and $8.5 billion. AWS's operating income growth was robust on both a year-over-year and a sequential basis. As noted in the chart, it jumped 30% year over year, and it also increased 30% from the prior quarter (Q2 2023). In the prior quarter, AWS's operating income edged down 5% year over year to $5.4 billion. 3. Earnings per share surged 236% In Q3, net income was $9.9 billion, or $0.94 per share, up 236% year over year. This result crushed the earnings per share (EPS) of $0.28 that Wall Street had expected. The quarter's net income includes a pre-tax valuation gain of $1.2 billion included in nonoperating expense from Amazon's common stock investment in electric vehicle maker Rivian Automotive, which went public in November 2021. The year-ago quarter's net income had included a pre-tax valuation gain of $1.1 billion from the Rivian stock. 4. Operating cash flow rose 81% for the trailing year Operating cash flow jumped 81% to $71.7 billion for the trailing-12-month period. Free cash flow (FCF) was $21.4 billion for this period, compared with negative $19.7 billion in the year-ago period. The company ended the quarter with cash and cash equivalents of $50.1 billion, and long-term debt of $61.1 billion. Investors should mainly focus on Amazon's operating cash flow, rather than its FCF. FCF can jump around a lot quarter to quarter based on how much money the company is investing in growth initiatives. 5. Revenue is expected to grow 7% to 12% in the fourth quarter For Q4, management guided for net sales in the range of $160 billion to $167 billion, which would amount to growth of 7% to 12% year over year. This guidance includes an expected favorable impact of 40 basis points (0.4 percentage points) from foreign exchange rates. Going into the Q3 report, Wall Street had been modeling for Q4 revenue of $157.2 billion, so Amazon's top-line guidance was higher than what analysts had been expecting. Amazon, which doesn't provide earnings guidance, also said that it expects Q4 operating income will be between $7.0 billion and $11.0 billion, compared with $2.7 billion in the prior-year period. A good overall quarter Amazon turned in a strong quarter, especially considering the uncertain macro environment. With its leading positions in two massive growth markets -- e-commerce and cloud computing -- Amazon still has a long runway for growth. Longby DEXWireNews6
AMAZON Making a bullish break out, potentially long term.Amazon / AMZN had a huge price leap after yesterday's earnings release and already crossed over the top of the Falling Wedge pattern. This is the main pattern despite the fact that a Channel Down potentially exists as the Wedge's Lower High was priced/ rejected on the 1day MA50. Equally important is the fact that yesterday the price fall stopped a little over the 1day MA200, which is the first long term Support (1week MA50 being the second). Buy for the long term and target 145.80 (Resistance B). Follow us, like the idea and leave a comment below!!Longby TheCryptagon10
AMZN earnings todayAMZN earnings today, Thursday 10/26, at 4pm. Amazon (AMZN) reported earnings of 0.63 per share on revenue of 134.38 billion for the second quarter ending June 2023. The consensus earnings estimate was 0.34 per share on revenue of 131.42 billion. The company beat expectations by 57.50% while revenue grew 10.85% on a year-over-year basis. The company said it expects third quarter revenue of 138 billion to 143 billion. I'm posting this as a long because of the oversold setup heading into earnings. Q3 September 2023 Consensus: EPS = 0.58 Revenue: 141.47B Moving averages: VWMA 50 = 133 VWMA100 = 132 VWMA200 = 115 TTCATR20: R3 = 140 SMA20 = 128 S3 = 116 Options data: 10/27 expiry Put Volume Total 72,817 Call Volume Total 152,861 Put/Call Volume Ratio 0.48 Put Open Interest Total 166,944 Call Open Interest Total 336,064 Put/Call Open Interest Ratio 0.50 11/3 expiry Put Volume Total 13,037 Call Volume Total 38,575 Put/Call Volume Ratio 0.34 Put Open Interest Total 55,582 Call Open Interest Total 91,627 Put/Call Open Interest Ratio 0.61 11/10 expiry Put Volume Total 3,043 Call Volume Total 9,666 Put/Call Volume Ratio 0.31 Put Open Interest Total 18,328 Call Open Interest Total 26,414 Put/Call Open Interest Ratio 0.69 11/17 expiry Put Volume Total 12,921 Call Volume Total 35,839 Put/Call Volume Ratio 0.36 Put Open Interest Total 303,107 Call Open Interest Total 515,344 Put/Call Open Interest Ratio 0.59 Longby Options360Updated 4
Bearish going into earningsAMZN initial target is 121-122 following the earnings report. Goal target by 11/3 is 114-116 Stop loss is close above 131 - this opens the door for upside to 138 Shortby JerryMandersUpdated 7710
AMAZON Stock Chart Fibonacci Analysis 102623 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 120/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.by fibonacci61801
AMAZON to sell from portfolioHello ladies and gentlemen, according to my graphical analysis Of AMAZON stock , there is a high probability of a drop to the 111$ level in the coming weeks .by Nina_ab0
#AMZN Head and shoulder's ? Quite Possibly!In this environment I would say this is a distinct possibility 1.3 Trillion Market Cap 107.6 P/E SPX PE @ 20 Yes very plausible. Shortby BallaJiUpdated 663
AMZNAMZN just like GOOGL and other big cos are all breaking support levels. This could lead to a much bigger pullback than anyone was anticipating. AMZN could go on to test its 2022 lows...another 30% drop from current pricesby mggagni0
$AMZN Earnings Implied Move for Earnings The implied move for AMZN earnings is between 111 and 131…. AMZN trades so differently from the other big S&P companies… and It’s starting to look attractive at this level… Back in August I published an Idea and my buy target was 119… we are 2 dollars away from that target and I think I’m going to start a position again here…. And then average down if we move lower. I don’t have a position in AMZN at all right now but at this level I’m feeling interested…. What are your thoughts, y’all?? by SPYder_QQQueen_Trading6620
AMZN | InformstiveNASDAQ:AMZN Trend & Patterns: The stock appears to be in a downtrend, indicated by the series of lower highs and lower lows. Support & Resistance: Bearish Line: This line at approximately $124.97 is possibly acting as an immediate support. A breach below this line could see further declines. Bullish Line: This line at approximately $125.90 might act as a resistance for the stock. A movement above this line could indicate bullish momentum. Target Prices: Two target prices are highlighted at around $128.05 and $129.20, which might act as resistance points in case of an upward move. Extended Support: There's another target price marked at $123.04 which could be a future support level if the stock continues its decline. Moving Averages: The stock is trading below its moving averages, further indicating a bearish sentiment. Volume: The volume bars seem to be increasing during down days, which can be a bearish sign. An increased volume on declining days can indicate strong selling interest. Indicators: Bollinger Bands: The stock price is near the lower Bollinger Band, which can sometimes indicate that the stock is oversold. Average True Range (ATR): Without exact values, it's a bit tricky, but a rising ATR often indicates increased volatility. Recent Price Action: The most recent candlestick appears to be a small bullish one, though it's contained within the range of the previous larger bearish candlestick. This could indicate a potential short-term reversal or consolidation, but it would be essential to watch further price action and other confirming indicators.by shksprUpdated 0