AMZO34 trade ideas
Amazon ,,, Correction possibility This very long bearish candle with considerable volume trade can be a sign for a correction.
I closed it and waiting for forming a correction wave and another entry.
AMZN AnalysisPrice playing out nicely as analyzed last week, giving us a 9.12% move before the bearish candle yesterday. If price were to continue higher, the next target for this bearish retracement is the bullish POI at 118.60. If price decides to go lower, we could see price potentially targeting the sell-side liquidity at 104.78 created in late April 2023.
Amazon Up 47% This Year Already!Amazon is once again proving its innovative prowess by negotiating with key players like Verizon, T-Mobile, Dish Network, and AT&T to offer budget-friendly or free mobile services to its U.S Prime subscribers. This groundbreaking step could transform the telecom sector and strengthen Amazon's position by merging e-commerce and telecom.
Bundling wireless plans and a Paramount+ subscription into Prime, Amazon is poised to significantly boost its market status.
The company's stock has already skyrocketed 47% this year, with a 14% hike in May alone. A few potential roadblocks include the weekly 200 simple moving average at $132 and resistance at $144. Yet Amazon's consistent growth pattern suggests minimal impact.
Despite a 55% pullback between 2021 and 2022, Amazon is likely to bounce back and may even outperform its past peak.
With a successful telecom endeavor, shareholders could see stocks surge past $188 and potentially break the $200 resistance. This venture not only bodes well for investors but could also reinvent the e-commerce landscape by providing unparalleled integrated services.
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Angles of Amazon, Inc. (AMZN)1. Use the 5/24/2022 — 8/16/2022 range to inscribe 90° and 45° offset lines.
2. Use the 11/25/2022 and 2/16/2023 corners of the box and the 10/6/2022 midpoint to forecast turning points.
AMZN-1H-BEARISH REVERSALAmazon is making a bearish reversal with the support of a bearish rising wedge, there is also a falling volume indication also showing the potential bearish move in the future, Bearish diversion is also there on the rsi index
price was jumped before the launch of Vision Pro, this might be a fake pump due to news of the launching a new gadget
AMZN ready for drop of 20%AMZN is ready for a major drop. Friday it formed a bearish reversal candle shooting star. The last two trading day was on a lower volume than 20 days average volume which is bearish.
RSI has huge negative bearish divergences and is pointing to a drop.
MACD also formed bearish divergences.
Everything is pointing there is no more energy for the continuation of the move.
Drop is likely towards the area of support where is a horizontal supports level, 50 and 200 days MA which will definitely act as support.
LONG. AMAZONlong Amazon AT : 83
TP1 : 104.80
TP2 :114
SL : CLOSE BELOW 76
NOTE : 🚨 Not financial advice 🚨
The content provided on this channel is not a manual for any financial activity.
It's only represents my personal market and financial view.
Once TP1 reached stop should be moved to BE .
$AMZN weekly Fibonacci NASDAQ:AMZN weekly chart pierced the 618 fib level and pulled back. Still in uptrend support at the green dotted line.
AMZN, 12d+/-14.9%falling cycle -14.9% more than 12 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
AMZN: Buy ideaBuy idea on AMZN as you see on the chart because we have the breakout of vwap and the resistance.Thanks!
Amazon at the channel mid lineThis chart shows a sideways parallel channel that can be drawn as a long term correction to the bull market of Amazon indicated by the diagonal channel. Mid lines sometimes act as significant lines of support and resistance so a reversal of the recent up trend would be logical at this point.
AMZN 45min trade- short position On the chart we can see a bullish trend, however Relative Strength index shows potential bearish divergence. We would enter a short position once the price reaches the upsloping line.
Stop loss: 127.52 USD
Target: 118.52 USD
AMZN - TREND BREAKOUT AND CONTINUATIONFor more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial.
Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
$AMZN Down Trend Begins NASDAQ:AMZN The first time #amazon 20 month moving average is crossing below the 50 month moving average. This is could be the beginning of a new down trend. Also in a bear flag.
AMZN Magic ZonesFor longer duration holding periods, taking profits in the $120 range seems appropriate. Buying as close to the yellow zone $85-$90 would be the most ideal.
MyMI Options Play - AMZN CallsAMZN has recently broken it's current downtrend channel as identified but has also broken above and found closure/support above the 50% retracement from the $180 ATHs that it saw back in Nov. 2021.
I haven't purchased my long-term opts on this yet to see if a reversal in the current market push due to NVDA and other AI-Based movements that are holding up the markets. I expect some retracement at some point and potentially back to $114. From there I will look at the support we find back at that 50% retracement level ($114) and look for a long-term hold to back to the $140-$145s (if not higher).
Amazon positive momentumTraded and closed above AVWAP resistance at $121. Has pulled back to test support of AVWAP, check reaction off this level. Next target (white line) 200 week moving average and after that next AVWAP resistance around $135.
Positive momentum on the MACD and RSI
Amazon value will be halvedMuch like the Nasdaq, Amazon stock is in for a rough few years. While the stock has only known the way up in recent years, shareholders must currently have strong nerves. It is possible that the 61.8 retracement at $72 can be defended, but the stock will probably fall at least until then. The ideal target, however, is at 55.80$.
AMAZON on a 1D Bullish Cross, first since Feb 2020!Amazon Inc (AMZN) just completed a Bullish Cross on the 1D time-frame, the first in more than 3 years (February 04 2020)! That alone is the strongest long-term buy signal we could get. On the shorter term, now that the price is comfortably above the Bear Cycle Lower Highs, we will start targeting on every pull-back the upper Fibonacci levels, which match fairly well the Lower Highs Resistances of the Bear Cycle. Our medium-term target is 146.50 (slightly below the 0.618 Fibonacci).
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Amazon Testing Key Pivot Zone. . .Watch today's close with respect to 120.69-121.69 - region defined by the 61.8% retracement of the August decline / 100% ext if the 2023 rally.
Initial support now back at the median-line / 114. Bullish invalidation raised to 104.10.
A topside breach from here keeps the focus on the September 22' uncovered gap near ~126.28 and the upper parallel near ~130.
