AMZNCL trade ideas
Is the rest for AMZN short-lived LONGAMZN on the 60 minute chart since earnings shows the jump and the sideways consolidation
after that. Here the RSI is superimposed on the chart within its own 0-100 scale. It is currently
in what should be considered deep undervalued territory and at RSI support /demand. The
William's Alligator set of moving averages shows MA compression and so convergence.
AMZN's price is now in a tight range with volatility likewise compressed especially compared
with that at earnings. In short price is coiled, the potential energy is ready to get converted
to kinetic for those who have an understanding of classical physics.
All that said, I see AMZN as ready to roll. I will take long trades in shares and options as
AMZN is ready to hit the ground running.
AMZN Entry, Volume, Target, StopEntry: with price above 147.29
Volume: with volume greater than 63.87M
Target: 168.47 area (this is an area, you might consider existing early if price drops below a significant moving average such as the 20 or 50 EMA. You might also considering holding some portion of the trade longer as price closes above significant moving averages)
Stop: Depending on your risk tolerance; Based on an entry of 147.30, 142.00 gets you 4/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
$AMZN Momentum IndicatorNASDAQ:AMZN Momentum Indicator, strong uptrend conditions. A momentum indicator is a technical analysis tool used to measure the rate at which the price of a security is changing. It compares the current price of an asset to its price at a previous point in time, typically over a specified period. This comparison helps traders and investors gauge the strength and direction of price movements. Momentum indicators are often used to identify potential trend reversals, confirm the strength of an existing trend, or generate buy and sell signals. Examples of popular momentum indicators include the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Stochastic Oscillator.
** AMZN Price Action Review ** Going Over AMZN price action for last month. rumors are that Jeff and his wife are selling lots of shares. AMZN has a lot of headwinds and the pattern we see supports this scenario. What to expect and where are the actionable areas.
#AMZN Forming a head & shoulders on the dailyLooks to me like amazon is trying to form this mini Head and shoulders top. Should the neckline at $167.50 break, the target pretty much takes you to the gap close level at $160.00 which is where we gapped from recent results. Recent reports that Jeff Bezos has sold up to $6bn of stock in amazon could sour sentiment slightly on the stock. We also had some bad retail sales for January in the US which could be seen as another negative for the stock.Also note how the MACD is about to roll over here. Aggressive traders could look to pre-empt this and short the right shoulder between 170-171 using a stop loss as a move above 172.50. More conservative traders to look for the break of the neckline at $167.50 in order to enter. Target to the gap at $160.00
AMZN - Update - IH&S building further liquidity for large BOWe are selling in a controlled manner within our teal channel - we broke out this morning initially of that channel and are now looking for bulls to continue to build liquidity within this channel before a larger breakout.
See you there!
Happy Trading :)
AMZN to $1881HR Chart
Amazon ( NASDAQ:AMZN ) has developed a bullish flagpole formation that is more easily seen on the hourly charts. This may serve as a continuation pattern that will launch AMZN to a 52 week high of $188 -- a level that hasn't been tested since July of 2021. Fibonacci retracement levels for the current trading pattern support the $188 ceiling as this value rests near the 168.1% level.
On-Balance Volume (OBV) has a positive slope which suggests that bullish investors are outpacing the bears. I also recently began using the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) indicators. While my experience with RSI and MACD is limited, the RSI appears to be approaching a bearish crossover before the MACD crosses above its signal line. I interpret this as a possible correction to the pennant support line (the 4th leg) with a near immediate recovery.
1D Chart
A share price in the $180s should be carefully watched as this level has been a significant area of resistance in the past. As tempted as I am to suggest it may be forming a double top, the middle trough dipped too low and it appears that AMZN may be trading in a horizontal channel. If AMZN surpasses the $188 price ceiling with significant volume then a 12 month price target of $250 is pragmatic. Should the opposite occur then a 12 month target of $80 could also be expected.
Amazon Long Trade IdeaWe are wedging between strong buying algorithms and controlled selling algorithms. Looking for the buying continuation to break us out of controlled selling channels and retake a strong level to then retest, act as support again, and attempt to retest new highs.
AMZN LONG (Breakout triggered)AMZN today bounced again hard off the 50SMA and the bottom of the channel.
$135.04 key level for NASDAQ:AMZN
As long as it holds that, it's on track to hit 147.69 and 152-156 (channel top) next.
Regardless of SPY/QQQ pullback recently - this has had relative strength and while some like AAPL are losing their status - GOOGL & AMZN have alot of catchup to do.
Originally I went long on this at $100 targeting 135 because of all the put writes. Once we built a base at 135 now continued upside with October and November flow seems likely
The stop loss on this trade is easy - would be a couple of closes under 127.
AMZN PROJECTION 2024Amazon projection for the 1st and 2nd quarter.
In Feb a lot of money was eliminated from the stock.
THE MARKET IS MARKETINGDXY got a shot in the arm so commodities and indexes are falling. Although, I don't know how long it's going to last... Is this the end of the S&P's new all-time high? Will USOIL rise back into the 80's? Market sentiment can change in an instant.
Bitcoin reached 50k and then retreated to 48.4k. It's now consolidating. Maybe we get a pullback to 49.3k or we continue the fall to trendline support at 44.3k. Gold is at a strong support as well around 1992k. I see a potential pullback to 2020k and potentially to the high end of the range to 2060k. If 1990 holds, we can ride the uptrend. If 1990 breaks, and rejects after a retest, we could see 1960 within the next week or two. If gold continues the break below 1925, we could be on the way to 1775k with a minor support in between at 1862.
Amazon (AMZN) Technical Analysis and Trade Idea#AMZN has demonstrated a robust bullish trend, recently leaving a notable price gap between 167 and 162. Given the extended move, a retracement back into this gap appears likely as the market seeks equilibrium before March.
Potential Trade Setup:
- Entry: Consider a short position near the current range high.
- Stop Loss: Employ a stop loss 1.5x the Average True Range (ATR) on the daily (1D) timeframe.
- Rationale: This setup targets potential overextension and aligns with the anticipated price rebalancing.
Important Disclaimer:
This analysis reflects my personal market interpretation and does not constitute financial advice. Always conduct your own independent research and thorough risk assessment before making any trading decisions.
AMZN: Short term bull caseHello,
Looks like amazon want to take off.
It might reach ATH in next coming weeks as FED is in light mood and only stock which did not do well in tech sector.
I think above resistances will be hit one after the other easily.
May be when recession hits in 2024 Q2, it will go towards 82 again.
Cheers,
Happy investing.
Amazon Update: This chart is full of contradictionsAs the title suggests, this chart is not being friendly right now to say the least. I apologize for the messy graph, but there is so many possibilities right now it's ridiculous. The thing that is throwing me off, and making it hard to narrow down a count, is the MACD. The fact that it made a new high on 02 Feb really threw a wrench in things. Normally in a corrective count, the a wave should have the highest reading on MACD. Until that high, what I was calling the A wave did hold the highest reading. Hence the wrench.
Let's start by trying to simplify this thing. There are three main options for us to chose from.
White count - Price is topping in primary ((B)) wave
Turquoise ALT - Price is topping in wave 1 of larger V
Orange ALT - Price is in wave 3 of i and has a target of $187-$212
The white count is starting to become less and less likely IMO. MACD is the primary reason for this. It is suggesting Cycle wave IV completed on 05 Jan 2023, and is now suggesting we're in a new bull run with the recent high.
Turquoise count is supported by fib levels and somewhat MACD. I am leaning slightly towards the orange count vs this one.
Orange count gets most of its support from MACD. As I have said in the past, MACD usually gives the best hints as to where price has intentions of going. It's no sure-fire thing as no one indicator is. It has been more accurate & insightful than any other indicator that I have used though. If this count is correct, then it suggests we're in a mini-wave 3 of i with a couple smaller 4's & 5's yet to come inching us up to the orange target box. We would then start a wave ii retrace to the $130-$150 area.
As said above, the Amazon chart is very messy right now and not one I am willing to put my resources towards. If you're currently trading it, just make sure you have your stops set to protect your assets. If something crazy happens I will update again soon, but if not than it won't be until next week when I have more data that I will make a post on it again.
P.S: There is no clear winner as of now between the orange and yellow fibs.
Don't forget, beginning February 23rd, I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.
Jeff Bezos' $2 Billion Amazon Stock Sell-Off: What Does It Mean?Amazon.com's ( NASDAQ:AMZN ) iconic founder Jeff Bezos recently offloaded approximately 12 million shares of the tech behemoth, amassing a staggering $2 billion in the process. This significant divestiture, disclosed in a regulatory filing last Friday, marks the commencement of a meticulously planned sell-off strategy laid out by Bezos himself, raising eyebrows and prompting speculation about the future trajectory of both the company and its visionary leader.
The timing of Bezos' share sale, strategically spread over two days—Wednesday and Thursday of last week—coincided with Amazon's ( NASDAQ:AMZN ) announcement regarding his intention to part ways with up to 50 million shares in the firm. This calculated move underscores Bezos' commitment to diversification and risk management, while also fueling conjecture regarding his long-term strategic vision for Amazon ( NASDAQ:AMZN ).
According to Amazon's latest annual report, the sale plan was initiated on November 8, 2023, with a stipulated completion date of January 31, 2025, subject to certain conditions. This meticulous planning highlights Bezos' astute financial acumen and his proactive approach to wealth management, ensuring a smooth transition of assets while maintaining his position as a key stakeholder in the company he famously founded as an online bookseller in 1994.
Bezos, who relinquished the reins of Amazon's day-to-day operations in 2021, assuming the role of executive chairman, continues to wield considerable influence within the organization. With a net worth exceeding a staggering $200 billion, as per the Bloomberg Billionaires Index, Bezos remains an indomitable force in the global business landscape, shaping Amazon's strategic direction and cementing his legacy as one of the world's foremost entrepreneurs.
Despite Bezos' unprecedented success and unwavering confidence in Amazon's prospects, his decision to liquidate a substantial portion of his holdings raises pertinent questions about the company's growth trajectory and the broader e-commerce landscape. As Amazon ( NASDAQ:AMZN ) faces intensifying competition and regulatory scrutiny, Bezos' strategic maneuvering serves as a litmus test for investor sentiment and market dynamics in the post-pandemic era.
While Bezos' stock sell-off may be perceived as a prudent move to diversify his investment portfolio and mitigate risk, it also underscores the evolving nature of his relationship with Amazon ( NASDAQ:AMZN )—a company he nurtured from its humble beginnings into a global juggernaut. As Bezos charts a new course in his entrepreneurial journey, navigating uncharted waters and exploring new opportunities, the Amazon ( NASDAQ:AMZN ) faithful await with bated breath, eager to witness the next chapter in the company's storied evolution.
In conclusion, Jeff Bezos' $2 billion Amazon ( NASDAQ:AMZN ) stock sell-off symbolizes a pivotal moment in the company's history, emblematic of its founder's strategic foresight and unwavering commitment to long-term success. As Bezos redefines his role within Amazon ( NASDAQ:AMZN ) and embarks on new ventures, the legacy of innovation and disruption he leaves behind serves as a testament to his enduring legacy as a visionary leader in the digital age.
Spanish High Court Suspends Fine on Amazon and Apple Spanish High Court has decided to suspend fines totaling 194 million euros imposed on tech giants Amazon ( NASDAQ:AMZN ) and Apple ( NASDAQ:AAPL ). The fines, initially levied by the Spanish antitrust watchdog CNMC (Comisión Nacional de los Mercados y la Competencia) in July, are now pending appeal, marking a temporary halt to what has been a contentious legal battle.
The fines, amounting to 143.6 million euros for Apple ( NASDAQ:AAPL ) and 50.5 million euros for Amazon ( NASDAQ:AMZN ), were imposed following allegations of collusion between the two companies to restrict competition in the sale of Apple products on Amazon's platform within Spain. CNMC accused the companies of engaging in anti-competitive behavior by preventing third-party retailers from selling Apple products on Amazon's Spanish marketplace.
The Appeal Process: Court Decision Suspends Fines Pending Appeal
Both Amazon ( NASDAQ:AMZN ) and Apple swiftly announced their intentions to appeal the fines when they were first imposed. Now, with the Spanish High Court's decision to suspend the fines, the appeal process can proceed without immediate financial repercussions for the tech giants. An Amazon spokesperson clarified that the suspension of the fine is standard procedure during the appeal process and does not indicate the court's stance on the case.
Contention and Defense: Differing Perspectives on the Allegations
Amazon ( NASDAQ:AMZN ) and Apple have consistently defended their actions, arguing that their collaboration aimed to benefit consumers and enhance the availability of genuine Apple products on Amazon's platform. Amazon asserted that the agreement with Apple led to an increase in discounts on Apple devices, while Apple emphasized its commitment to protecting customers from counterfeit products.
However, CNMC countered these claims, alleging that the agreement between Amazon and Apple contained clauses that stifled competition and limited the presence of third-party retailers selling Apple products on Amazon's platform. The regulator also accused Amazon of restricting the advertising opportunities for Apple's competitors on its website, further exacerbating the anti-competitive effects of the collaboration.
Impact Beyond Spain
While the focus of this case remains on Spain, its implications extend beyond national borders. A similar investigation was initiated in Italy against Amazon ( NASDAQ:AMZN ) and Apple, although it was ultimately dropped. The outcome of the appeal in Spain could set a precedent for future antitrust cases involving tech giants and their business practices across Europe and beyond.
Conclusion:
As the appeal process unfolds, the fate of the antitrust fines against Amazon ( NASDAQ:AMZN ) and Apple remains uncertain. The decision by the Spanish High Court to suspend the fines provides temporary relief for the tech giants, but the ultimate resolution of the case will have far-reaching consequences for competition in the digital marketplace. Until then, both companies await the final verdict, navigating a complex legal landscape shaped by accusations of anti-competitive conduct.
Amazon resuming upside breaking out on 3h timeframeAmazon should be resuming upward targeting 175, breaking support at 167 will invalidate and falling back to 162. With recent strong earnings, strong conviction of upward momentum.
Dowsing "yelling" about AMZN short to $126My dowsing is in my face yesterday, and a lot today about AMZN going down. This comes repeatedly as I ask "what's most important for us to know or pay attention to?" It's AMZN 3 different times and yesterday as well.
I have a high of $158-59. Not actually sure it'll hit, but the r/r is good. Watch for the time today of 1:40-:50 as a possible entry.
I am asking for the most "efficient" target price, since my September targets for the $150s were just a tad early (eyeroll).
I'd like to focus on really clean setups with steady directional moves (doesn't everyone?), but I'm sending this out as a request to the Universe, please, and thank you.
We can make our money with a relaxed and trusting attitude. That's my wish.
I asked how long this might take and it gave me "weeks" and 18. I'm suspecting 18 is % as it comes right in at about $127. The number I was given was $126 as a target. So, if it's like TSLA, it'll hit.
It took TSLA awhile to nail the target as well, but it did today, finally!
Hopefully, this intention of "efficiency" will alleviate some of these pesky timing issues. That said, it's still going to take some number of weeks. I'm not super confident I get the correct answer for this, but when I ask how many, I get 4.
They announce GDP on the 25th I see, and I have a date of the 21st (a Sunday) from back in Nov. as a potential announcement date of a recession or talk of it at least. That's close enough it could be legit and bad for consumer discretionary kind of stocks and anything else that goes with that.
This may be more info than you care about, but I'm just trying to give context with other information I have that may be relevant.
I also suspect February to be a time of a market reversal, which aligns with Martin Armstrong's work that suggests some "panic cycle" and a direction change in the first week.
I guess we'll see!
AMZN Potential Bearish Gartley Potential Beairsh garlety in the making. If point D is broken there is strong resistance near $188/9.
Amazon's Strategic Investment in AI: A Path to GrowthAmazon's Strategic Investment in AI: A Path to Growth
As the race for AI dominance intensifies, major tech giants are making substantial investments in AI startups. Amazon, with its vast financial resources, recently committed $4 billion to Anthropic, the creators of AI assistant Claude, in a deal that positions Amazon Web Services (AWS) as Anthropic's primary cloud services provider. The partnership could significantly boost AWS sales, but is Amazon an attractive buy?
Anthropic's Expertise in Generative AI
Anthropic specializes in generative AI, a technology applicable in customer service, AI assistant development, and coding assistance. The company equips clients with a toolkit to craft AI models tailored to their specific needs. With Amazon's investment, Anthropic's data and models will reside on AWS, creating a seamless collaboration between the two companies.
Boosting AWS
This investment could provide a much-needed boost for AWS, which has faced challenges recently, with slower growth rates and declining profitability. As the cloud computing market is projected to grow to $2.4 trillion by 2030, leadership in this sector is crucial.
Strengthening Amazon's AI Position
While Amazon's investment in Anthropic may not be a game-changer, it strengthens Amazon's position in AI, where it lags behind competitors. This $4 billion investment grants Amazon a minority ownership stake in Anthropic and enhances AWS's competitiveness in cloud computing.
AWS's Significance
AWS accounted for 70% of Amazon's operating income in the second quarter, highlighting its importance to the company's profitability. Amazon's transition from a consumer goods-oriented company to a tech-oriented one is evident in its improved gross margins over the past decade.
A Buying Opportunity
Amazon's stock presents an attractive entry point for long-term investors, given its strategic positioning to benefit from AI advancements. If Amazon can restore its high profit margins and invigorate AWS, it has the potential for substantial gains, as the market isn't currently pricing it for perfection.
Please note that this article provides information for general purposes and is not financial advice. Investing in stocks carries risks that individuals should carefully consider before making investment decisions.
AMZN – Gave nice breakout at 161 on 1st Feb ER day.AMZN – Gave nice breakout at 161 on 1st Feb ER day. Will aim for 174 and staying above it will go for 188. Support below 161
Amazon - The New SetupHello Traders, welcome to today's analysis of Amazon.
--------
Explanation of my video analysis:
Starting in 2018 Amazon created a decent bullish triangle continuation pattern and after the breakout Amazon pumped more than +70% towards the upside. Then with the 2022 bear market we saw a quite harsh correction and a perfect retest of previous support. If Amazon now provides a retest of the support mentioned in the analysis, I am looking for more long setups.
--------
I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
