AMZN - Gap fill here?If markets rebound here for a little, AMZN might give us a gap fill trade. Long Entry - around 160 if there is pullback here Target#1 176 Target#2 185, if the rebound continues Stop Loss - 156Longby just4tradinUpdated 6
AMAZON Only a break above the 1D MA50 remains. $240 on sight.Amazon Inc. (AMZN) spent the previous 2 weeks on a very strong recovery of the losses sustained in July - August, in fact those have been the strongest 2-week candles since October 23 - 30 2023. That was the previous bottom of the 2.5 year Channel Up on its Higher Lows trend-line. Even though the stock broke below the 1W MA50 (blue trend-line) for the first time in more than 1 year (May 2023), it managed to hold the long term Support of the 1W MA200 (orange trend-line). As this 1W chart shows, the Higher Lows of this pattern are periodic and cyclical and you can see that clearly with the use of the Sine Waves (also evident on the 1W RSI, the green circle bottoms below its MA). Every time the price broke above the 1D MA50 (red trend-line) following such a Low (3 times) it approached the top of the Channel Up. The first Bullish Leg peaked at +79%, the second at +69%. If this is a progressive sequence, then the third (current) Bullish Leg could be -10% less than the last, i.e. +59%. As a result, the 1D MA50 (which applied high selling pressure this week), is the final Resistance and bullish break-out confirmation the price technically needs before it targets $240.00 (+59% rise). ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot9
AMZN Short IdeaI went over this in last night's video as one of my 5 trade ideas for the week, but I guess I never posted the text version. Here it is, I expected a potential gap fill and fakeout above the trendline which is exactly what we got. Looking for a move back down to the 167 area for now.Shortby AdvancedPlaysUpdated 1
Trading Amazon’s Negative GapNegative gaps leave lasting scars on price charts, often forming formidable resistance levels upon retest. As Amazon approaches the critical area formed by its August 2nd gap, let's explore two strategies for navigating this retest. Understanding Amazon’s Negative Gap On August 2nd, Amazon’s share price experienced a significant negative gap, opening over 12% lower than the previous close. This drop was driven by the company’s disappointing earnings report, which highlighted slowing online sales growth and increased competition from low-cost retailers like Temu and Shein. Despite strong results in Amazon Web Services (AWS), the market’s reaction was swift, as investors grew concerned over consumer trends and competitive pressures. The negative gap left a distinct resistance zone on the chart, marked by the gap’s top, which now coincides with several key technical levels, including the VWAP anchored to July highs and a descending trendline connecting recent swing highs. Amazon (AMZN) Daily Candle Chart Past performance is not a reliable indicator of future results How to Trade Amazon's Negative Gap Traders can approach Amazon’s negative gap with two distinct strategies, depending on their risk tolerance and trading style: 1. Aggressive Approach: • Entry: Wait for the price to close the gap by reaching the resistance zone near the top of the gap. • Confirmation: Look for bearish price patterns to form on lower timeframes, such as a small double top or a bearish engulfing pattern on the hourly chart. • Stop Loss: Place the stop loss above the descending trendline and use a multiple of the Average True Range (ATR) to account for short-term volatility. • Target: The target for this trade would be a retest of the August lows, capitalizing on the potential rejection from the resistance zone. 2. Less Aggressive Approach: • Entry: Wait for a break and close below the ascending trendline that has formed during the recovery rally. • Confirmation: This would signal the formation of a new lower swing high, indicating a potential reversal. • Stop Loss: The stop loss can be placed above the newly formed swing high. • Target: Similar to the aggressive approach, the target would be a retest of the August lows. Conclusion Navigating Amazon's negative gap requires a careful assessment of the price action that forms around the confluent resistance zone created by the gap. Whether opting for an aggressive entry near the gap top or a more cautious approach following a trendline break, understanding the technical landscape and implementing risk management is crucial in executing a well-informed trade. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83.51% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. by Capitalcom3
AMZNAMZN based on Elliot Wave and Harmonic I think will go down for wave C and get crab TPs... Shortby Hmdalajmi1
AMZN 8/19Current Observations: Ichimoku Cloud: The price is above the Ichimoku cloud, which generally indicates a bullish trend. The cloud appears to be rising, supporting further upside potential. Support and Resistance Levels: Resistance 1 (R1): 174.73 appears to be a previous resistance level that has been surpassed, which may now act as support. New Resistance Levels: Based on the chart, new resistance could form around 178.15 (current level) and possibly 180. Stochastic RSI: The Stochastic RSI is approaching the overbought territory, which could indicate a potential pullback or consolidation before the next move. Potential Scenarios: Bullish Scenario: Entry Point: If AMZN consolidates and holds above the 174.73 support level, a potential entry could be around 175-176. Target Exit: You could aim for a target around 180-182, considering the current momentum and resistance levels. Bearish Scenario: Entry Point: If the price drops below the 174.73 support level, consider waiting for a potential bounce before shorting. Enter around 174. Target Exit: A potential exit target would be around 172 or even 170, depending on the strength of the downward move. Conclusion: Primary Trend: The trend is bullish as long as AMZN stays above the Ichimoku cloud. Short-Term: Watch for a potential pullback due to the Stochastic RSI being in the overbought region. However, as long as support levels hold, the trend remains positive. It’s crucial to watch the opening session and how the stock reacts around these levels before making any trading decisions. Adjust stop losses accordingly to manage risk.Longby BullBear-Insights2210
AMZN ( Amazon.com, Inc. ) BUY TF H1 TP = 180.18On the H1 chart the trend started on Aug. 06 (linear regression channel). There is a high probability of profit taking. Possible take profit level is 180.18 Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested in it. Thank you! Good luck! Regards, WeBelievelnTradingLongby WeBelieveInTradingUpdated 4
Amazon updateUnderstanding pull backs and real trend is not for everyone,some when they see market dropping they wanna sell more,when I see stock market melting I generate liquidity into position,what I love most is when they pull back soo that I can get into position cz if they move they move n it takes time for corrections,I can't write paragraphs but I can bring out best trading plan n trading ideas.Longby mulaudzimpho5
AMZN / AMAZON 🔍 AMZN Analysis: Strategic Dates for Long-Term Accumulation 📈 The AMZN chart reveals key dates that could shape your investment strategy: December 29, 2025 & August 16, 2027 - Green Lines: These dates indicate potential local lows, making them ideal for accumulating AMZN shares. Investors should consider these as prime opportunities to position themselves for the next major upward trend in the stock. By planning around these dates, you can optimize your long-term investment strategy and take advantage of potential market corrections. #AMZN #StockMarket #InvestmentStrategy #NASDAQ #SNP500 #MarketTiming #Amazonby trushkovskiy1
AMAZON STRUCTURE Here is the structure we will have to follow for trading Amazon stock, there are possibilities of trading shorts here into the 1D OB before we have enough momentum to go take out the weak high, so exercise patience and sit on your hands and wait for the setup to present itself before you place the trade, do well to like share and follow, stay tuned for more updates.Shortby Dr_Trade11
AMZN 8/14Key Observations: Price Action: The price appears to be in an uptrend, as indicated by the higher highs and higher lows on the chart. A clear resistance level is visible around $172, where the price has tested multiple times. Volume Profile: There is a significant volume node around $167.50 to $166.15, indicating a strong area of support. The price has broken above a high volume area, suggesting potential further upside if the momentum continues. Trend Lines: The two ascending trend lines suggest a channel pattern, with the price approaching the upper boundary of the channel. The price is currently testing the upper trend line, which may act as a resistance. MACD: The MACD is showing a slight bullish crossover, indicating potential upward momentum. However, the histogram is relatively flat, which could mean the momentum is not very strong. Technical Levels: Resistance: $172 - $173: Strong resistance level, as seen from previous price action and the trend line. $178 - $180: If the price breaks above the $172 level, the next significant resistance is around $178-$180. Support: $167.50 - $166.15: This area has strong support due to the high volume traded at these levels. $162: A lower support level, which is also a high-volume node. Potential Trading Strategy: Bullish Scenario: Look for a breakout above $172 with strong volume for a potential long entry, targeting the $178-$180 range. Alternatively, wait for a pullback to the $167-$166 area for a potential long entry, with stops below $166. Bearish Scenario: If the price fails to break above $172 and shows signs of reversal, a short entry could be considered, targeting the $167-$166 support area. A break below $166 could lead to a deeper correction towards $162. Conclusion: Amazon (AMZN) is currently in a bullish trend but is approaching a critical resistance level. Watching for a breakout or a pullback will be key in determining the next move.Longby BullBear-Insights337
$AMZN amazon at Neckline Resistance.... Rejection or Breakout!NASDAQ:AMZN Amazon price action is currently at neckline resistance of an inverse head and shoulder pattern around 143 Price has continuously found rejection at this point previously! Current price: $142.5 Continuous rejection will find supports: 122, 103, 82 If NASDAQ:AMZN breaks out from neckline resistance, expect: 164, 183, 204..Longby Ifiok-2sydesUpdated 2214
Amazon Stock Will Continue To FallIn this setup, we take advantage of a pronounced bearish divergence in the Amazon share. We are not targeting the low of August 5, 2024 as the price target for a short position, but rather the wick of August 6.Shortby Ochlokrat7711
AMZN Ascending Wedge Break Trade IdeasThis is a chart from one of my previous ideas centered around this ascending wedge from the October 2023 lows. Like many things, that uptrend is now a thing of the past, until bulls reclaim these uptrends it is looking grim for just about everything I see as far as tech and the mag 7 go. AMZN bulls tried to hold the 167 area after the trend break, which was the top of a previous gap from February. They did not succeed and it broke well below 167, but has now came back for a retest and had a small rejection so far but pretty much closed on the line. This is make or break, it's the April lows. AMZN is weaker than a lot of the other mag 7, this started when Bezos began to offload shares near 200. It has not been able to hold up since and I don't think it will start now. I consider this retest of 167 to be a fantastic short opportunity so I'll be watching closely. First short target would be 143-144. If it keeps going above 167, I'll be watching the trendline above for a short on a retest or near the 190-200 area.Shortby AdvancedPlays1
Bullish outlook on AmazonShould price fall further to support which was previous resistance before breakout of head and shoulders pattern. buy at $146 and target $313.Longby Zanokuhle_Capital4
Potential trend change for the worlds biggest retailer...Amazon has broken it's up channel from the 22 lows, it also peaked above the 21 high for less than 2 weeks, potential bull trap. Jeff Bezos has been selling, he was selling in 2021 also. Consumer discretionary is now down for the year, while the leading sector is utilities up 18%. With all the hype about the magnificent 7, is this contrary indicator now in play?by RobAllenS1
Amazon.comAmazon.com Announces Second Quarter Results SEATTLE--(BUSINESS WIRE)--August 01, 2024-- Amazon.com, Inc. AMZN today announced financial results for its second quarter ended June 30, 2024.by Esmail_from_Kuwait1
Amazon | Monthly Chart Breakdown (Major Bear Market Confirmed!)Good day my fellow traders, I hope you are having a wonderful week. Here I have for you a long-term chart for the AMZN stock, it has a pretty interesting story to share... Billionaires are taking profits! To start, we know all the stocks are highly correlated; What one does, the rest follows. This is a long-term chart and we can pretty much say that a major correction is underway; a bear-market. ➖ We can see a peak pattern in the form of a rounded top. We can see a complete breakout of this pattern, just as it happened in late 201. ➖ A major bearish signal comes in the form of a bearish divergence between AMZN and its MACD. This is the monthly timeframe so these signals are not weak. 👉 We are set to experience RED for months... How will this affect the rest of the market? Other major stocks are also red and pointing toward months of bearish pressure. We wait and see how it all goes. But it seems we are about to witness a major "billionaires taking profits" market flush. Namaste.Shortby AlanSantana14
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Risk and Reward in Trading The risk-reward trade-off is a fundamental concept in trading that involves balancing the potential for profit against the likelihood of loss. Traders often assess the risks and rewards of a trade before executing it. High-Risk Trading Strategies High-risk trading strategies may lead to amplified trading effects. For example, using leverage allows traders to control a larger position with a smaller amount of capital. While this may amplify gains, it also magnifies potential losses and can result in margin calls, forcing traders to either inject more capital or close positions at unfavourable prices. Trading highly volatile and speculative instruments can lead to significant price swings. While this volatility presents opportunities, it also introduces higher levels of risk. In unpredictable markets, sudden and unexpected price movements can also result in rapid losses, especially for traders employing aggressive strategies. 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Explore the TickTrader trading platform to choose between the various asset classes and diversify your portfolio properly. *At FXOpen UK and FXOpen AU, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules and Professional clients under ASIC Rules, respectively. They are not available for trading by Retail clients. 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.Educationby FXOpen2222
Analysis of Amazon (AMZN) Share Price After Disappointing ReportAnalysis of Amazon (AMZN) Share Price After Disappointing Report On Thursday, Amazon released its second-quarter report: → Earnings per share: actual = $1.26, forecast = $1.03; → Gross sales: actual = $147.98 billion, forecast = $148.66 billion. Amazon’s CFO, Brian Olsavsky, attributed the decline in sales to distractions caused by Trump’s news coverage and the Olympics, suggesting people spent more time reading news and less time shopping on Amazon. As a result, the sales forecast for the third quarter fell short of expectations, with management estimating between $154 billion and $158.5 billion, while analysts’ average estimate was $158.24 billion. Investors were disappointed by this news, causing Amazon’s share price to drop approximately 9% on Friday, creating a wide bearish gap. On Monday, the price also opened with a bearish gap and continued to fall, creating a precarious situation. However, by Monday’s close, the bulls had recovered the early trading losses, and on Tuesday, AMZN showed some stability, staying close to Monday’s closing price. Does this mean the downward trend (with AMZN’s price now more than 20% below its July all-time high) has run its course? Today's technical analysis of Amazon’s stock chart provides valuable insights: → In late 2023 and early 2024, the price gradually increased within a narrow range along the median of an ascending blue channel, indicating a consensus between buyers and sellers on the stock’s fair value. → Good news in early February pushed the price up, accelerating growth towards the upper boundary of the channel, which acted as resistance. → Last week’s report had the opposite effect. On the bad news, AMZN’s price fell to the lower boundary of the channel, where it found support. This price action shows the impact of news on deviations from the median, which may still be relevant. It’s worth noting the importance of breaking psychological levels (indicated by arrows showing false bullish breakouts at $200 and $190). It’s possible that: → AMZN’s price will continue to consolidate around the lower boundary of the channel, with former support at $166.66 acting as resistance; → We may see a false bearish breakout at the $150 level. Price forecasts for AMZN have slightly worsened since the report, as we warned on July 26. According to current forecasts by 41 Wall Street analysts surveyed by TipRanks, 40 analysts recommend buying AMZN. On average, they predict AMZN’s price will reach $223.60 (about 38% above current levels) over the next 12 months. 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 FXOpen1113
amzn has long term support at 130-140Considering the 5 year chart with 45 min trading interval; AMZN has a great supportT 135-140. It is a great support that will not be broken!by kscroot113
AMZN - Selling PUTSMaking a few moves this morning, I like AMZN, do not mind owning so I am selling one put to try to grab a better price here as the market panics. Sell to Open AUG9 155 Putt @ 3.09by goldbug15