AmazonPrice is consolidating in higher time frame(one hr) and nearing trend line support at lower time frame. Resistance is seen at 200 - 202 zone. Price have to sustain above this zone to continue the up trend.
Buy above 202 with the stop loss of 200.5 for the targets 203.5, 205 and 207.
Sell below 198 with the stop loss of 199.5 for the targets 196.5, 195 and 193.5.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
AMZN trade ideas
AMZN Long TargetAMZN has been strong with the rest of the mag 7, constantly making new all time highs. There's not much resistance above considering it is a blue sky setup. However, there is a major trendline that it could reject at. That'll be my target for taking profit on longs, unless NQ weakens significantly.
Amazon (AMZN) AnalysisE-commerce Leadership and Cloud Dominance:
Amazon NASDAQ:AMZN , a global e-commerce leader, also dominates the cloud computing market with Amazon Web Services (AWS). AWS, crucial for future AI growth, offers high margins and robust recurring revenue through its rental model after initial infrastructure investment. AWS contributed 62% of Amazon's $15.3 billion operating profit in Q1, despite only accounting for 18% of sales.
Strategic Investment and Future Growth:
CEO guidance suggests increased capital expenditures to expand data centers for rising AI demand, promising strong future free cash flow and improved margins.
Investment Outlook:
Bullish Outlook: We are bullish on AMZN above the $168.00-$170.00 range.
Upside Potential: With an upside target set at $220.00-$230.00, investors should consider Amazon's strategic investments and dominant market positions in both e-commerce and cloud computing as key drivers for potential stock appreciation.
📊🛒 Monitor Amazon for promising investment opportunities! #AMZN #CloudComputing 📈🔍
AMAZON - BUYAmazon perfroming well
These are further reasons the trend should continue considering Ai
Enhanced Customer Experience: AI powers personalized recommendations on Amazon's retail platform, driving higher sales by suggesting relevant products to users based on their browsing and purchasing history.
Operational Efficiency: AI is used to optimize warehouse operations and logistics, reducing costs and improving delivery times through advanced algorithms that manage inventory and route packages more effectively.
Voice Technology Growth: Amazon's Alexa, powered by AI, is a leader in voice technology, expanding into more households and becoming integral to home automation and daily tasks.
Advertising Optimization: AI helps refine Amazon's advertising services by targeting ads more accurately, thereby increasing their effectiveness and revenue from advertisers.
Fraud Detection and Security: AI enhances security measures and fraud detection capabilities, protecting user transactions and maintaining trust in Amazon’s platform.
New Product Development: AI-driven data analysis enables Amazon to identify gaps in the market and introduce new products tailored to consumer needs.
Supply Chain Innovation: AI is critical in forecasting demand and supply chain management, helping Amazon stay responsive to market changes and customer demands.
Healthcare Ventures: With its entry into healthcare, Amazon uses AI to offer services like telemedicine, personalized medicine, and healthcare analytics, potentially opening up new revenue streams.
Cloud Computing Services: AWS offers AI and machine learning services to its clients, enhancing their applications and fostering growth in the AI technology sector.
Sustainability Initiatives: AI is instrumental in optimizing energy usage in Amazon’s data centers and logistic networks, contributing to sustainability efforts and operational savings.
These AI-driven strategies are pivotal in driving Amazon's growth and maintaining its competitive edge in various sectors.
Amazon (AMZN) - Edition #1 Macro Outlook Bullish- June's monthly chart closed above previous all time high.
- This type of candle closes on a higher timeframe like the monthly charts, show lots of strength in and possible continuation to the upside.
- Ideal long entries will be at around $180 - $170.
- Invalidation of trade upon price sweeping below $160.
- Making a small market buy at Monday's open price might be smart.
AMZNIs AMZN exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 185
What you guys think of it?
Manipulative game by the wealthy. Unsustainable Post-scarcity economy is coming. No currency nor value in the future. Money is creating havoc in this world
of competition and its coming to an end. Cost of living is free in the coming future so investing is a big
waste of time and resources. As you can see the motivation in the markets is dying. Debt can no longer
support the world economy any longer. The world is changing to save ourselves from extinction.
No currency No investments No competition creates equality and richer lives with deeper meaning.
There is no future if cost of living continues to rise and climate change affects global health and stability.
A brave new world is about to happen and millions of wealthy people will not like losing there status.
Enrich your lives and focus on reflection of ones self. Life is meaningless as a slave to cost of living.
The End of value creation to promote wealth of knowledge.
There is no need to invest or concern yourself with money any longer. Either the world will
change or we will all face an unspeakable dark future.
Long Position For Amazon Long term, Long position.
Technical Analysis:
A long position was initiated in Amazon (AMZN) after the stock successfully broke through a significant long-term resistance level. This decision is based on strong technical signals, with the 20-day moving average (20MA) providing crucial dynamic support. Profit targets are set to activate upon a clear bearish crossover below this moving average.
Fundamental Strength:
Amazon's recent achievement of a market capitalization exceeding $2 trillion highlights its robust market presence and investor confidence. This milestone underscores the company's extensive growth potential and market dominance.
Growth Drivers:
Amazon Web Services (AWS) continues to be a significant growth engine for the company. AWS is expanding its infrastructure globally, with substantial investments planned in Saudi Arabia, Mexico, and the United States. For example, Amazon's $10 billion investment in new data centers in Mississippi is expected to create 1,000 jobs and support local education initiatives.
Revenue and Earnings Projections:
Amazon's financial outlook is strong, with projected revenues expected to grow from $574.79 billion in 2023 to $651.01 billion in 2024. Additionally, earnings per share (EPS) are forecasted to rise significantly from $2.90 in 2023 to $4.63 in 2024. This positive growth trajectory reflects Amazon's strong operational performance and strategic investments.
Innovative Initiatives:
Amazon's strategic focus on artificial intelligence (AI) and cloud computing positions it well for sustained long-term growth. Innovations such as Amazon Bedrock and Amazon Q enhance its service offerings and operational efficiencies. These initiatives are expected to drive growth across various sectors, including healthcare, logistics, and retail.
Conclusion:
The long-term position in Amazon is supported by strong technical indicators and solid fundamental performance. With strategic investments in AI and cloud infrastructure, Amazon is well-positioned for continued growth. Monitoring the 20MA and maintaining a strategic stop loss will be key to managing this position effectively.
Amazon at $2 Trillion: What’s Driving the Stock to Record Highs?Tripled profits, a bet on AI, and a strategy to take on rising rivals from the East have propelled the ecommerce and cloud computing giant to the lofty price tag.
Innovation on Amazon’s Mind
Amazon (ticker: AMZN ) hit $2 trillion in market value just before the year clocked out for the first half. In the final week of June, the Jeff Bezos-founded online retailer soared past the formidable milestone, becoming the fifth company to ever breathe the rarefied air beyond $2 trillion.
What’s been driving Amazon stock to line up right after Alphabet (ticker: GOOGL ), Nvidia (ticker: NVDA ), Apple (ticker: AAPL ) and Microsoft (ticker: MSFT )? It’s a mix of fortunate and timely events, and all can be summed up with one word: innovation.
Amazon raked in sky-high profits of $15 billion for the most recent quarter. The figure was up three times from the same quarter last year. More importantly, the company, now under the stewardship of Andy Jassy as chief exec, is pivoting more resources to meet the growing demand for artificial intelligence.
Shifting Focus to Artificial Intelligence
Amazon Web Services (AWS) is the firm’s cloud computing business and also the world’s biggest one. It’s largely the cash cow at Amazon with profit margins as wide as 38%. Now, it’s getting a boost from businesses looking to inject AI into their products and services. The fast-growing AI-focused unit is growing at a “$100 billion annual revenue run rate,” according to Jassy.
For the quarter ended March 31, AWS sales rose 17% to $25 billion, beating forecasts for $24.5 billion and also coming ahead of the previous quarter’s 13% growth pace. It seems that the AI hype is sweeping across the Amazon halls and conference rooms.
Generative AI got praised by Amazon’s chief financial officer Brian Olsavsky as “a multibillion-dollar revenue run rate business for us.” Looking for a meaningful edge doesn’t stop with artificial intelligence.
Pitted Against Temu and Shein
Rising ecommerce competition from the East is forcing the $2 trillion giant to embrace a new line of business — ultra-low-cost goods shipped directly from China. A new discount section is in the works for Amazon.com after smaller rivals Temu and Shein have threatened to slurp up a significant market share.
The new section, according to reports, will be added to the homepage of the retailer’s app. It will be targeting American customers willing to wait nine to 11 days for goods shipped from China warehouses, as opposed to the regular one or two-day delivery time for goods delivered from within the US. Also, each item will get a price tag of no more than 20 bucks.
Temu, owned by PDD Holdings, and China-founded Shein have flooded the internet with cheap stuff and massive discounts thanks to splurging billions of dollars in advertising campaigns.
Amazon, a mainstay in the FAANG stocks list , is among the few companies to be of gargantuan size yet nimble enough to stay relevant in the changing landscape of its industry. Will the pivot to cheap goods succeed in stamping out the aggressive competition from China? Or will the corporate giant be outperformed by the brilliant maneuvering of low-caliber foreign retailers?
Share your thoughts in the comments!
AMZN Swing Trade Tomorrow 7/1/2024Amazon (AMZN) on a 15-minute timeframe, here's a detailed technical analysis for a potential swing trade:
Chart Overview:
Current Price Action:
The current price is around $193.00.
The stock has recently experienced a downward movement after reaching a high of around $204.00.
Volume Profile:
Point of Control (POC): $193.00. This indicates a high volume area where a lot of trading activity has occurred.
Value Area High (VAH): $199.50.
Value Area Low (VAL): $193.30.
The POC and VAL are very close to the current price, indicating strong support around these levels.
Support and Resistance Levels:
Support: $193.00 and $192.49.
Resistance: $199.50 and $199.83.
Trendlines:
There is a descending trendline indicating the recent downtrend.
Indicators:
MACD: The MACD appears to be in a bearish crossover below the signal line, indicating bearish momentum.
Volume: There seems to be a spike in volume during the recent downward movement, indicating strong selling pressure.
Analysis:
Support and Resistance:
The current price is near the POC and VAL, which should provide strong support around the $193.00 level.
If the price holds above this level, we could see a potential rebound.
Resistance is around $199.50 - $199.83, which will be a significant level to break for any upward movement.
Potential Scenarios:
Bullish Scenario: If the price holds above $193.00 and breaks above the descending trendline, we could see a move towards the resistance levels at $199.50 and possibly $199.83.
Bearish Scenario: If the price breaks below $193.00, the next support level is $192.49. A break below this could lead to further downside.
Trading Plan:
Long Trade:
Entry: Around $193.00 - $193.30.
Target: $199.50 (first target), $199.83 (second target).
Stop Loss: Below $192.49 to manage risk.
Short Trade:
Entry: Below $192.49.
Target: Next support levels (not clearly indicated on the chart but could be extrapolated from previous price action).
Stop Loss: Above $193.30 to manage risk.
Conclusion:
The key level to watch is the $193.00 support. If this level holds, there could be a potential rebound towards the $199.50 - $199.83 resistance levels. If it breaks, we could see further downside. Always ensure to use stop losses to manage risk effectively.
AMZN updateAMZN played out the inverse H&S nicely on the weekly chart and is looking to continue momentum. I drew a new momentum trend, the red dashed is a fallback zone. With the stochastic pointing upward I expect this to at least test this green fib on my updated fib extension.
-A test of 208-210$
-Coming back to earth to revisit the momentum trend
-220+$ during elections
AMAZON Bullish Breakout! Buy!
Hello,Traders!
AMAZON is trading in an
Uptrend and the stock
Broke the key horizontal
Level of 190.00$ and the
Breakout is confirmed so
We are bullish biased
And we will be expecting
A bullish continuation
Buy!
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Check out other forecasts below too!
Amazon: The Fire Booster Step 3 Of The Rocket Boost Strategy🪄I saw Amazon stock appear on my trading system,
but when it appeared it was not ready for a buy and today,✨
it has just blown up! and is ready for a good buy.
Now notice that the price action of this stock is the step 3 of the
Rocket booster Strategy
What is the Step 3 Of The Rocket Booster Strategy?
--> The price has to gap up
And this is what you are seeing on this chart right now.
To understand the remaining 2 steps of this strategy check
out the references below
Also, remember to rocket boost this content to learn more.
Disclaimer: Trading is risky you will lose money whether you like it or not please
learn risk management and profit-taking strategies.
Potential Turning Point for AMZN. The daily chart of NASDAQ:AMZN shows a well-defined long-term uptrend channel and ascending wedge in the short term.
Two possible scenarios:
Breakout upwards: If the wedge breaks upwards, the long-term uptrend continues, targeting the return line of the channel. Despite the uptrend already being mature, this would cancel out the signs of weakness, and the return line would be the next resistance.
Breakout downwards: This seems more likely, as the ascending wedge indicates weakness in the short-term uptrend. A downward breakout could lead to a larger retracement, confirming the lack of a touch on the return line, indicating a loss of momentum in the long-term uptrend. Thus, a deeper retracement could potentially break the uptrend line of the channel.
Let's keep an eye on it. What do you think will happen with Amazon?
Amzon.comIf AMZN remains above 185, will drive it to test higher levels near 188.35 - 189.77 - 191.70. As 191.70 is considered the last major peak that needs to be violated, to confirm the major uptrend, with potential targets at196.60 - 199 - 202.80.
The stop-loss lies below 181.22, as a break below it, will cancel the mentioned positive scenario.
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