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AMZN trade ideas

Amazon Reaches New All-Time High: Should You Buy Now...?AMAZON has successfully surpassed its previous all-time high and has maintained a position above this critical level. This upward momentum presents an opportunity for traders to consider entering a long position on a pullback. A strategic entry point for this trade could be set at $235.50, where we can potentially capitalize on a rebound as the stock stabilizes. It's essential to monitor volume and market sentiment during this pullback to ensure a favorable risk-to-reward ratio for the trade.
NASDAQ:AMZN
by Kartik_Elkunchwar
AMZN Technical Analysis for Trading and GEX Option. Jan . 28Technical Analysis (TA): * Trend: AMZN has shown a strong recovery from its prior dip, breaking above the downward resistance line. The recent upward momentum has pushed the price closer to the key resistance zone of $236.40. * MACD: Positive crossover indicates potential upward momentum continuation, but histogram strength shows signs of plateauing. * Stoch RSI: Overbought at 96.94, suggesting the potential for a pullback or consolidation in the near term. Key Levels: * Resistance: * $236.40: Recent swing high and breakout level to monitor. * $240.00: Psychological and potential gamma resistance area. * Support: * $227.50: First support level near consolidation prior to breakout. * $222.50: Stronger support aligning with prior accumulation. * $192.50: HVL and key put support zone. GEX Analysis: * Gamma Levels: * Highest Positive NETGEX: $236. This level is acting as a strong resistance zone. * Gamma Walls: * 2nd CALL Wall: $240. * 2nd PUT Wall: $222.50, highlighting strong put protection below. * Highest PUT Support: $192.50. * Options Sentiment: * Implied Volatility (IVR): 62.8 (high, signaling caution for option buyers). * Call-to-Put Ratio: Skewed bullish with Calls at 16.6% dominance. Scenarios: 1. Bullish: * Entry: Above $237 (confirmed breakout). * Target: $240-$245. * Stop-Loss: Below $233 to protect against false breakouts. 2. Bearish: * Entry: Below $227. * Target: $222.50-$220. * Stop-Loss: Above $230. Action Plan: Monitor the $236.40 breakout or rejection closely. The IV levels suggest attractive premium selling opportunities, especially with resistance-heavy zones. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your due diligence before trading.
NASDAQ:AMZN
by BullBearInsights
AMAZON going for a DIP on the 4HCrystal ball has spoken, AMZN is due for a small DIP. Trend Analysis: • The price is trading in an overall uptrend, respecting the 50 EMA (yellow) and 20 EMA (gold), indicating strong bullish momentum. • Recent price action has formed higher highs and higher lows, maintaining bullish structure. JP StochDemark Indicator Insights: • The indicator is approaching overbought levels, currently crossing above the 80 threshold, which signals potential exhaustion in the short term. • Bearish divergence is forming as price makes new highs while the indicator fails to confirm. • Previous occurrences of such setups led to short-term pullbacks before continuation. Support & Resistance Levels: • Immediate resistance at $236-$238, aligning with recent highs. • Short-term support at $ 225 , where moving averages align. • Strong demand zone around $210-$215, coinciding with prior consolidation. Trade Signal & Probability: Bullish Bias : Continuation likely if price sustains above $ 230 with momentum confirmation. Bearish Pullback : A corrective dip to the $225 zone is probable if momentum weakens. Target Levels : Upside targets at $240 (psychological resistance) and $250 if momentum persists. Risk Levels : Watch for breakdown below $225, which could trigger further downside to $215. Conclusion : Momentum remains bullish but overbought signals suggest caution. Monitor for a healthy retracement before continuation. A break above $238 could confirm further bullish momentum. Like the analysis? Follow, Subscribe for more...
NASDAQ:AMZNShort
by OG_Doge
1
Elliott Wave View: Amazon (AMZN) Impulsive Rally in ProgressShort Term Elliott Wave View in Amazon (AMZN) suggests rally to 233 on 12.16..2024 ended wave ((3)). The stock then pullback in wave ((4)) which unfolded as a double three Elliott Wave structure. Down from wave ((3)), wave (W) ended at 218.35 and wave (X) bounce ended at 230. Wave (Y) lower ended at 215.57 which completed wave ((4)) as the 30 minutes chart below shows. The stock has resumed higher in wave ((5)). It has managed to break above wave ((3)) at 233 and made all-time high. This confirms the next leg higher has started and opens up short term bullish sequence. Up from wave ((4)), wave (i) ended at 221.82 and wave (ii) ended at 216.2. Wave (iii) higher ended at 223.44 and wave (iv) ended at 220.75. Final leg wave (v) ended at 225.31 which completed wave ((i)) The stock then corrected in wave ((ii)) at 220.01. The stock has resumed higher and soon should complete wave ((iii)). It will then pullback in wave ((iv)) before turning higher again in wave ((v)) to end wave 1. Near term, as far as pivot at 215.57 low stays intact, expect pullback to find support in 3, 7, 11 swing for more upside.
NASDAQ:AMZN
by Elliottwave-Forecast
1
Interesting Simetry in $AMZNStarting from the 5th of August 2024 every time NASDAQ:AMZN reaches an important Fibonacci level retraces around 7%, then moves higher. Once it reached 0.618, the Fibonacci level corrected by 6.86% in 5 days and then moved higher. We have another wave up followed by another correction this time 7.62% in 9 days. And again another wave up followed by a correction of 7.51% in 10 days to Fibonacci level 1 Once it reached 1.618 Fib level retraced to 1.382 Fib level Correcting 7.24% in 18 days this time.
NASDAQ:AMZN
by WavesInvesting
Bullish continuation? NASDAQ:AMZN is looking at a continuation of uptrend after a strong bullish break out of the flag formation. Breakout was relatively healthy as there isn't any parabolic break. We expect prices to continue its strong momentum and break above the key resistance at 233.70. Long-term MACD remain strong and healthy. Stochastic Oscillator though confirmed the overbought signal earlier on, but selling pressure remain weak based on price action and the %K and % D line may performed a positive crossover soon. 23-period ROC is back above the zero line and confirming the rising momentum. Volume is relatively healthy.
NASDAQ:AMZNLong
by William-trading
AMZN Approaching Key Levels! Critical Moves Ahead - Jan 22Technical Analysis for Trading * Trend Overview: AMZN continues its bullish trend, supported by a rising trendline. The price is consolidating near $231.40, testing immediate resistance. Momentum shows strength, but overbought conditions may trigger a short-term pullback. * Key Levels: * Resistance: $231.40 (current level) and $235.00 are critical zones for a breakout. * Support: $228.75 and $225.94 are key levels to watch in case of a retracement. * Indicators: * MACD: Bullish, but momentum is tapering off, signaling potential consolidation. * Stoch RSI: Overbought, which may lead to short-term profit-taking. * Volume: Consistent buying interest supports the upward move. Any breakout must be confirmed by higher volume. Gamma Exposure (GEX) Insights for Options Trading * Key Gamma Levels: * Positive GEX: $235.00 is the strongest resistance level, where the highest call wall resides. * Negative GEX: $220.00 and $217.50 are critical put support zones. * Options Metrics: * IVR: At 52.4, options premiums are moderately high, offering opportunities for credit strategies. * Call/Put Skew: Calls dominate at 23.6%, reflecting a bullish market sentiment. * Actionable Gamma Zones: * Bullish Scenario: A breakout above $231.40 could lead to rapid testing of $235.00 due to gamma-driven buying pressure. * Bearish Scenario: A pullback below $228.75 might activate put support at $225.94. Trade Scenarios 1. Bullish Setup: * Entry: Break and hold above $231.40. * Target: $235.00 and $237.50. * Stop-Loss: Below $230.00. 2. Bearish Setup: * Entry: Break below $228.75. * Target: $225.94 and $220.00. * Stop-Loss: Above $230.00. Important Note The market may experience volatility around key levels. Reassess price action during pre-market or intraday activity and adjust your strategy accordingly. If you have questions or need analysis for another stock, feel free to reach out! Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always trade responsibly.
NASDAQ:AMZN
by BullBearInsights
AMZN Trade IdeaAmazon is playing well with this resistance zone. I have a short and long entry set based on Fibonacci levels. Long trade idea: Entry: Above Supply zone Target: A 1.618 Fibonacci level drawn in the past. Short trade idea: Entry: Below Supply zone Target: 1.618 Fibonacci Whither I enter the trade or not depends on price action. KEY: -White Horizonal Lines: Previous resistance levels. -Green Horizontal Lines: 1.618 fib level (previous days). -Green boxes: Supply and demand
NASDAQ:AMZN
by PennantTrading
Amazon (AMZN) Continuation Breakout in FocusChart Analysis: Amazon's price action showcases a breakout from a consolidation channel (green shaded area), confirming the resumption of its broader uptrend. 1️⃣ Rising Trendline Support (Blue): The price continues to respect the ascending trendline originating from September 2024 lows. This trendline acts as a dynamic support zone, reinforcing the bullish structure. 2️⃣ Consolidation Channel Breakout: After a brief consolidation in a descending channel, the price has broken out to the upside, signaling bullish continuation. A decisive daily close above the channel confirms renewed buying interest. 3️⃣ Moving Averages: 50-day SMA (blue): Positioned at $217.48, rising and providing strong dynamic support. 200-day SMA (red): Positioned at $192.35, further underpinning the long-term bullish trend. 4️⃣ Momentum Indicators: RSI: At 60.32, signaling strong upward momentum but still below overbought levels. MACD: Positive crossover continues to support the bullish momentum. What to Watch: Sustained trading above the breakout level to confirm the continuation of the rally. Potential resistance near $240-$250, the next significant zone to watch. Pullbacks to the 50-day SMA or the ascending trendline could provide buying opportunities for trend followers. Amazon's breakout from consolidation and its adherence to the ascending trendline suggest the stock is poised for further gains, supported by strong momentum and rising moving averages. -MW
NASDAQ:AMZN
by FOREXcom
Nancy Pelosi bought Amazon Calls! 📈 Bullish Opportunity: Amazon (AMZN) 1️⃣ Bullish Flag Pattern with Premarket Breakout: Amazon has formed a classic bullish flag pattern, which is a reliable continuation signal in an uptrend. The price has already broken out of the flag channel in the premarket session, signaling strong bullish momentum and potential for significant upside. 2️⃣ Amazon’s Cloud Leadership is Poised to Strengthen: AWS (Amazon Web Services) continues to lead the cloud infrastructure market, controlling 33% of the market—more than Azure and Google Cloud combined, according to Canalys. CEO Andy Jassy noted four consecutive quarters of reaccelerating AWS growth, with an annualized revenue run rate of $110 billion. 3️⃣ AI Advancements Reasserting Dominance: While Microsoft is seen as the leader in the AI revolution, Amazon is catching up fast. Over the past 18 months, AWS released nearly twice as many machine learning and generative AI features as competitors combined. These advancements are expected to make Amazon a leader in AI throughout 2025, further enhancing its cloud and technology business. 4️⃣ E-commerce Profitability Soaring: CEO Andy Jassy’s focus on cost-cutting and logistics efficiency is delivering results: Operating income in Amazon’s North American e-commerce segment grew by 87% in the first nine months of 2024. Automation advancements, like robotics in fulfillment centers, have reduced processing times and improved cost efficiency by 25% during peak times. These measures are driving higher profitability in its flagship e-commerce business, helping Amazon increase margins and drive long-term growth. 5️⃣ Undervalued and Strong Growth Potential: Simply Wall Street estimates Amazon is trading at 40.5% below fair value, offering an attractive entry point for investors. 6️⃣ Smart Money Confidence: Nancy Pelosi recently purchased Amazon calls 3 days ago! 7️⃣ Analyst Ratings: Consensus: Strong Buy from top analysts. Average Price Target: $245 (near-term expectations). High Price Target: $280 (bullish scenario). 🎯 Strategy: Enter now : $225.94 - $228.50 First Target : $240 (First resistance after breakout). Second Target : $260 (Measured move from the flagpole). Third Target : $280 (High-end analyst expectations). Stop Loss: Based on the risk management.
NASDAQ:AMZNLong
by ValchevFinance
3
Mo money Mo money AMZN to the moon ? AMZN: Bull Flag on Daily Chart Amazon (AMZN) is forming a bullish flag pattern on the daily chart, indicating potential for further upward movement. This pattern typically suggests a continuation of the prior uptrend after a period of consolidation. Key observations: Bull Flag Structure: After a strong upward surge, AMZN has entered a consolidation phase, creating a flag-like formation with parallel downward-sloping lines. Volume Dynamics: The initial breakout was accompanied by high volume, while the consolidation phase has seen diminishing volume, a classic characteristic of a bull flag. Support and Resistance Levels: The resistance level is observed around , with support at , defining the flag boundaries. Moving Averages: AMZN is holding above the , which may provide additional support and align with the bullish outlook. Potential Breakout: A breakout above the upper boundary of the flag could propel AMZN toward , based on the flagpole's length projection. Watch for a breakout with increasing volume to confirm the bullish continuation. Keep an eye on broader market trends and any news that may influence AMZN's price action.
NASDAQ:AMZNLong
by ThanksNeo
AMZN Long then Short: Towards EarningsFrom my Elliott Wave counts, I believe that Amazon still have some room to go but it will be the last wave up given that wave 4 turns out to be a triangle too. Take note that while I am bearish overall for the entire market, I think that via financial engineering, US equity markets might still be able to hold up for a while. And this time, Amazon may be the stock that will cushion the index. I've placed the possible short entries on this chart and they are both Fibonacci Extension levels. And I expect that they will play the usual: earnings that exceeds expectations, price gapped up, started selling down. Take note that this will be labelled short because the essence of this idea to short at the turning point even though in the short-term, it is a long first then short.
NASDAQ:AMZNShort
by yuchaosng
Amazon’s Stock Stuck in a Downhill Slope or Ready to Escape ?Amazon's stock price movement on a 4-hour timeframe, presenting a descending channel pattern. This pattern is often associated with bearish sentiment, as it reflects a market structure characterized by lower highs and lower lows, signaling a consistent effort by sellers to dominate price action. Currently, the price is trading near the upper boundary of the channel, which acts as a dynamic resistance level. Historically, such resistance zones within descending channels tend to attract selling pressure, reinforcing the bearish outlook. If the price fails to break above this resistance and shows rejection signs (e.g., long wicks or bearish candlesticks), it could confirm a continuation of the downtrend, targeting the lower boundary of the channel as the next support level. It is crucial to monitor this resistance area closely, as a breakout above the channel could shift the sentiment from bearish to bullish. For such a breakout to be credible, it must be accompanied by strong volume and decisive candlestick patterns, such as a bullish engulfing or a breakout gap. In that scenario, the price could invalidate the descending channel and initiate a reversal, targeting higher resistance levels. Additionally, the broader market context and fundamental factors should be considered. If the stock is supported by positive catalysts or market sentiment, it could strengthen the likelihood of a breakout. Conversely, weak sentiment or negative news could intensify the bearish momentum, leading to further downside. The chart currently reflects a bearish bias due to the descending channel structure. However, the key to determining the next move lies in the price action and volume near the upper resistance line, which will decide whether the pattern continues or reverses.
NASDAQ:AMZNShort
by wolfchemist
11
AMZN: Consolidating Below Resistance🔥 LucanInvestor's Strategy: 🩸 Short: Below $222.19, targeting $215 and $210. Bearish MACD momentum suggests caution near key support. 🩸 Long: Above $226.26, aiming for $230 and $240. A breakout above resistance would confirm bullish momentum. 🔥 LucanInvestor's Commands: 🩸 Resistance: $226.26 — A critical level for bulls to confirm upward momentum. 🩸 Support: $222.19 — Immediate support; breaking below could lead to a retest of $215. Amazon (AMZN) is consolidating near key resistance at $226.26, with MACD showing weak but stabilizing momentum. The price is above the 9-day EMA ($222.19), signaling recovery, but sustained volume is required for a bullish breakout. A failure at resistance may result in a short-term pullback. 👑 "Master the range, and you’ll master the trade." — LucanInvestor
NASDAQ:AMZN
by LucanInvestor