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AMZN trade ideas

AMAZON: Testing the 1D MA100. Will it hold?AMAZON is on the third straight day where it respects the 1D MA100. Holding this level translates into a rebound base as the long term pattern is a Channel Up. The 1D technical outlook hasn't been lower thought (RSI = 40.739, MACD = -0.760, ADX = 35.289) since December 28th 2022, so the slightest cross below, should extend the downfall under the Channel Up and towards the 1D MA200. The Huge Buy Zone is inside the 0.382 - 0.5 Fibonacci range. Those will be the two buy entries and our target on the medium term is the R1 level (TP = 145.90). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:AMZN
by InvestingScope
3
Amazon.com: 3-Day Rule in Effect?The "3-day rule" is a basic principle that suggests traders should wait for the third day after a drop to consider entering a stock. That concept may now apply to e-commerce giant Amazon.com. The first pattern on today’s chart is the gap lower on Thursday, one session after the Federal Reserve hammered sentiment with its "higher for longer" message. Notice how AMZN has managed to hold its ground since, despite the broader market edging lower. Second, the stock is trying to stabilize near the bottom of the Keltner Channel and the 100-day simple moving average (SMA). Next, stochastics have dipped to an oversold condition. Finally, consider the price action around $128. AMZN peaked there in early June. It broke out (on above-average volume) in the second half of the month and bounced there in July and early August. Friday’s low was $0.52 above that level, which could mean support is holding. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:AMZN
by TradeStation
2
AMZN; BREAKOUT Of Massive MEGAPHONE-PATTERN, Indication Forward!Hello There! Welcome to my new analysis about the AMAZON STOCK on the 2-day timeframe perspective. The stock market in the recent times is sending highly mixed signals with bullish as well as bearish stocks in the market and stocks which did not decided upon a direction yet. What is important in such trading phases is to pick the stocks that have clear potentials and where considerations about a trade can lead to a profitable outcome with a high possibility, at the end trading is all about possibilities rather than moving blindly into the market. In this case I have detected major preliminary signs within the AMAZON STOCK which deliver the base for a considerable outcome with an wave-expansion upcoming. When considering my chart we can watch there how the AMAZON STOCK recently formed a highly decisive breakout, this breakout has been a breakout out of this huge bull-flag magephone-pattern and such a pattern is a pattern that is building the foundation for a strong continuation to show up with a high possiblity. Furthermore, the price-action is now trading above several support-level which consist of the 100-MA in black, the 50-MA in orange, the upper-boundary of the pattern, and the horizontal support-level above the 105 zone. All these supports holding the price-action to the upside giving the price-action a major tailwind for further expansions to show up in the next terms. With the global picture adding to the local one the price-action is also forming this massive sin-wave in which the tops exactly match the bottom with touching the sin-wave forming the main waves A and B that are already finished. Now the stock is forming the third wave C with the coherent target-zones in the top of the sin-wave to be touched once the price-action reaches out to the level. Also the top of the sin-wave target-zone is matching with the megaphone-pattern target-zone and the local wave-expansion. If fresh liquidity moves into the market it provides also a fundamental base as the stock has not yet left the list of the large-cap stocks within the market. Overall the signs are pointing to the target-zones to be reached, what happens after this needs to be considered also when adding the overall macroeconomic conditions to the evaluation. Thank you everybody for watching. It will be great when you support my idea and we move on forward together. “The only way to discover the limits of the possible is to go beyond them into the impossible.” VP
NASDAQ:AMZN
by VincePrince
9
Amazon - Long PositionEntry Point: Our analysis suggests that a compelling entry point for Amazon's stock would be when its value tests the established trend line. This approach aligns with the concept of buying when the price is in close proximity to a confirmed trend line, indicating potential support and a possible reversal or continuation of the prevailing trend. Stop Loss (SL): To manage risk effectively, we recommend setting a Stop Loss (SL) level at 2 percent below the entry point. This provides a safety net to limit potential losses in case the market moves against our trade. By capping the downside risk, this strategy aims to safeguard your investment. Take Profit (TP): To maintain a balanced risk-reward ratio, our analysis suggests setting a Take Profit (TP) level at 2 percent above the entry point. This represents the potential reward you could capture if the trade unfolds in your favor. By targeting this percentage, you ensure that your potential gains outweigh the potential losses, promoting a favorable risk-reward profile.
NASDAQ:AMZNLong
by ahmedlara278
The Amazon Enigma: A Market in Transition While the prevailing sentiment among financial analysts leans toward Amazon's stock being a solid buy, I harbor a degree of skepticism, primarily driven by a divergence between technical analysis and the consensus among analysts, especially in the medium term. Central banks across the globe have taken unprecedented measures to combat rising inflation, primarily through increasing interest rates. However, the intriguing aspect lies in the stock market's reaction, which has seemingly defied the traditional negative correlation with rising interest rates, continuing to surge despite the elevated rates. My conviction, however, is that this bull trap may not persist indefinitely, and a market correction may be on the horizon. Examining Amazon from a technical perspective reveals compelling insights. It seems like the stock may have wrapped up a significant cycle, completing five upward waves. Notably, during this stock market rally, Amazon failed to retest its prior highs. Furthermore, when we consider the historical yellow trendline I've drawn, there is evident evidence of a breach followed by a retest. This retest, notably occurring at the 61.8% Fibonacci Retracement level, holds particular significance as it is widely acknowledged as a pivotal point to monitor. While the impact of elevated interest rates has not been immediately pronounced, historical data underscores the prevailing negative correlation between interest rates and stock market performance. Short-term bullish episodes often serve as precursors to significant market shifts. It is crucial for traders to remain vigilant in light of the prolonged overvaluation of the markets. The prevailing tech and AI bubble, I contend, may be nearing its culmination. Prudent preparation is advised. There's a growing sense in the financial landscape that we could be on the cusp of witnessing a significant rotation of capital. As riskier, potentially overvalued stocks tread uncertain waters, investors may increasingly turn their attention to assets that are both underrated and safe. This shift seeks out equities with solid valuations, robust performance records, and the promise of stability. In times of market flux, such a rotation often reflects a prudent strategy, a recalibration of portfolios toward assets that offer both resilience and growth potential. In essence, my perspective leans toward a more cautious outlook, predicated on both technical analysis and the historical interplay between interest rates and market dynamics.
NASDAQ:AMZNShort
by marcyacoub
XRP Comparison to Amazon's price history! It's been a long time since I posted a chart. I remember all to well holding AMZN as an asset during this time period... I remember, vividly, thinking how BIG it was gonna be, but almost in disbelief that price was doing nothing, and to be honest, it was a GRIND just to hang on! Holding XRP as an asset, in so many ways, has the exact same feeling!!! While there will always be differences when comparing two assets side by side, it's the subtle similarities that I find important! For XRP, it's all about conquering this current cloud cover that it has 'nested' itself under. In addition, I think in the short term, the price that may provide some resistance is $1.03. Cheers!
NASDAQ:AMZN
by strictly
AMZN, Decisive H-S-FORMATION, Setup For BROADER PULLBACKS!Hello, Welcome to this analysis about AMZN and the 4-day timeframe perspectives. Since major stocks in the stock market such as PYPL or FB recently showed up with heavily increased volatility bearish pullbacks to the downside the advance-decline line of the whole averaged stock market is declining which means that a pullback in the other bigger market cap stocks such as AMZN is increasing the more other stocks follow these developments, this can also lead to increased volatility to the downside in which the whole market turns to the downside. Therefore it is necessary to do not keep this scenario from the desk and consider the technicals to rightly prepare and also possibly catch opportunities in this market environment. Therefore when looking at my chart, we can watch there how AMZN is now building this main head-shoulder-formation with the left shoulder and the head already completed. Now with forming the right shoulder, AMZN has a huge resistance within the main Upper-Resistance-Cluster which is marked in red in my chart, in this case, there is a high possibility given that from there on AMZN pulls back to the downside which will show the origin of final completion of the head-shoulder-formation. Once AMZN has completed the head-shoulder-formation bearishly below the neckline as seen in my chart this will activate lower target-zones shown in my chart at the 1980 level marked in black, once these levels have been reached it will be determining on if AMZN holds these levels or just sets up for a continuation. If AMZN breaks below these targets and into the Bearish-Continuation-Zone marked in red this will lead to a Wave-C-Extension down the line, in any case, it is necessary to keep the bearish perspectives in mind and be prepared on these dynamics. In this manner, thank you for watching the analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
NASDAQ:AMZN
by VincePrince
10
AMZN closes outside channelAmazon has been trading in the same bullish channel since March of this year. Today it closed just outside of it, however 135 is a good level of support as it goes back to March of 2022. If it fails next level is 130. HMA and stochastic is bearish, but is entering oversold territory. Tomorrows candle will be a good indication of short term trend. Last Friday I opened a short postilion (145 puts). Closed on Tuesday for 40% and 60% profits. Back in channel, bullish. Trades outside channel, bearish.
NASDAQ:AMZN
by Swing_Trade_Charts
Should You Buy AMZN Now??Technical Analysis: - AMZN is still doing a WXY medium term correction in blue - In the short term AMZN is finishing wave ((3)) in black of ((5)) waves to complete wave (X) in blue - We expect that the correction will be finished at around 70 when wave ((II)) in black is also completed - H1 and H4 right side is up Technical Information: - Don't buy AMZN now - If you're either a swing or position trader, you can buy when the correction WXY is completed around 70
NASDAQ:AMZN
by Market-Right-Side
22
Watching AMZN break of 139.64 for continuationThe headline chart is a 15 min chart, but it's easier to see what's really happening on the 5 min chart where it broke a wedge downwards and remains to reject entry back into the trend: I'll be watching for breakdown entry under 139.64 only if it retests it and confirms resistance. I would be looking for 138ish. Already played NASDAQ:AMD for +20% today. Continued to +50% on strength. Welcome to follow for more insights. Of course, this move is cancelled if it breaks 139.98 and becomes support. Thanks for reading.
NASDAQ:AMZN
by kingdips
2
Head and Shoulders AMZN LONG $$$AMZN has recently demonstrated an uptrend until a sudden momentum change on 9/19. The current resistance level (neckline) is set at $145.05. With the beginning downtrend, the stock sets up a short position from the neckline to roughly $102. Following a reversal from support of the previous shoulder, a long position forms and AMZN exits the pattern. MacD and SQZMOM are indicative of a trend reversal while RSI is indicative of an overbought condition. In the broader market context, many major stocks have recently experienced significant corrections, followed by impressive rebounds, eventually reaching new 52-week highs. This pattern may serve as a template for what could happen with AMZN after this inverted head and shoulders formation. Possible Long positions and Short positions look like this: Remember to put your stop losses after the last low!
NASDAQ:AMZN
by HammerSurf
AMZN: there's strong support here, but I'll wait for TL touchThis would likely be a daytrade or 1-2 day swing when this transpires anyway. If I miss out on the reversal, it's better than entering too early. One strategy is to enter slow, but that can be detrimental if you don't know what that means and if you don't have discipline. Also there's a h/s on the 4hr candle-chart. So I'll wait. Look at my AMZN short from yesterday. Paid well and hit targets. Puts are at least +100%.
NASDAQ:AMZN
by kingdips
2
Diagonal ! Wave 4 ?Greetings everyone, I hope you've had a productive week with successful trades. I wanted to share some of my ideas on the Elliott Wave Principle. It's crucial to make informed decisions and exercise patience in all transactions. As per a quote from (J.F.), a professional analyst of the Elliott wave principle, amateur traders tend to focus on the possibilities that may happen while professional traders focus on the possibilities of what is happening. My recommendation is to bear in mind that, after making a trade, the primary responsibility of the trader is to minimize risk, eliminate it, and ultimately preserve the profits earned. Thank you for your continued support, and I'm excited to continue our journey together. Sincerely, (Mr.Nobody)
NASDAQ:AMZNLong
by Mehdi_Abbasi_EWP
Amzn Here's Amzn with fibs 130 fib aligns with 50sma and trendline. Bearish divergence on daily RSI.. looking for a lower high with this next push up followed by a flush. Upside targets are 137 and if it can break and hold over that then 145 gap close. I don't think it goes higher then 145 before correcting like the RSI foretells and it will only make it back to 145 if spy can break over it's 445 or 50sma. Below 130 is 127 support If and when Amzn ever breaks 127 it's coming back down to 113-115 I'm short term bullish long term bearish here
NASDAQ:AMZN
by ContraryTrader
2
AMZN, Develops Main Ascending-Triangle, Bullish Breakout Ahead!Hello Traders Investors And Community, Welcome to this analysis about AMZN, we are looking at the 12-hour timeframe perspectives. AMZN in recent times is in a very interesting constellation as it managed to hold its higher base-formation and is showing up with some bounces within. Besides that, I discovered this amazing ascending-triangle-formation within the structure marked with the black boundaries. Within this triangle-formation, AMZN has the coherent wave count and the waves A and B already completed. As AMZN now approaches the upper boundary of the triangle where still resistance is lying this is likely to be the origin of the wave C that will approach the confirmational-bounce-cluster from where a bounce can be expected. In this case, it is necessary that AMZN rightly holds this zone and does not falls below because this will invalidate the formation. When AMZN then manages to bounce in the structure and finally marks above the upper boundary it will be the proper confirmational breakout setup to activate upside targets mainly lies within the 3850 zones marked in blue. When AMZN reaches out to these targets it has to be elevated how it proceeds further and if there can come a continuation of bullishness right away or AMZN firstly settles for a pullback which is not unlikely in this case. For now, the upcoming bullish breakout should be expected, it will be an interesting development ahead of upcoming times. In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day, and all the best! "Trading effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the markets.
NASDAQ:AMZN
by VincePrince
7
AMZN: Bearish Bat with Confirmation Could Take It Down to $42.99We have officially gotten PPO Confirmation at the Bearish Bat PCZ, as a result, I am now convicted to this trade and am even willing to lower my target back down to $42.99. We have broken trend on the PPO and Confirmed an Arrow at the PCZ; a move down to $42.99 would be the completion of a Perfect AB=CD BAMM and the Bearish Bat here just may act as our Early C entry to catch the more macro CD wave to $42.99.
NASDAQ:AMZNShort
by RizeSenpai
1