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AMZN trade ideas

AMZN near term forecastSee linked post on the bigger picture for AMZN, here is my expectations near term (follow the thin solid black line, the thick solid black line is the bigger picture trajectory; the dashed black line is alt path): AMZN is still in a corrective structure - trying to complete B-wave. Here is a summary of what I'm expecting - Point target to complete B-wave is 137. Expecting pullback to 118-119 going into earnings and then one final leg higher to 135-140 after earnings, topping by end of August. - C wave will bottom in the 50-70 range, with more precise target 58-61. This will happen by May 2024, but could be realized as soon as Jan. 2024... this means AMZN will be cut in half in a matter of months from September 2023 to early 2024. Important levels: 123-125: needs to break this down to test 118 118: if this holds AMZN can pop to 137, if it falls next support is 109 and then 101 94 and 101: equilibrium points, drop below these will confirm the drop to low 60s to complete C-wave
NASDAQ:AMZN
by JerryManders
AMZN bigger pictureAMZN is still in a corrective structure - trying to complete B-wave. Here is a summary of what I'm expecting, I'll post another idea for near term forecast/path to breakdown: - Point target to complete B-wave is 137. Expecting pullback to 118-119 going into earnings and then one final leg higher to 135-140 after earnings, topping by end of August. - C wave will bottom in the 50-70 range, with more precise target 58-61. This will happen by May 2024, but could be realized as soon as Jan. 2024... this means AMZN will be cut in half in a matter of months from September 2023 to early 2024. Important levels: 123-125: needs to break this down to test 118 118: if this holds AMZN can pop to 137, if it falls next support is 109 and then 101 94 and 101: equilibrium points, drop below these will confirm the drop to low 60s to complete C-wave Solid Black trajectory is expected path --------------------- The Alt path (dashed black) is an initial drop to 101-109, followed by leg higher to 140-150 before starting drop to low 60s
NASDAQ:AMZNShort
by JerryManders
AMZN Do Bearish Divergences Predict a Reversal? SHORTAMZN has ascended 15% in the past two months. As shown on the 4H chart, dynamic resistance has been the red lines designating two standard deviations above mean VWAPs are anchored in February and early May. The two indicators however suggest bearish divergence. The zero-lag has lower highs and lower lows on the K / D line excursions. The Chris Moody dual RSI shows the RSI on the blue daily time frame dropping and crossing under the black weekly time frame RSI. Fundamentally, according to the linked article AMZN typically drops 0.34% on Prime Day. Based on all of this, I am expecting a reversal. Upon confirmation, I will short Amazon in a possible Fibonacci style retracement.
NASDAQ:AMZNShort
by AwesomeAvani
3
Amazon's Resilience: Navigating Challenges and Emerging StrongerAmazon has come a long way since its inception as an online bookseller in 1994. Its stock has witnessed an astounding growth of over 130,000% since going public three years later. Today, Amazon's business spans across a wide range of products, digital services, grocery operations, space satellites, and cloud computing. With its dominance in e-commerce and the cloud industry, one might think that the ideal time to invest in Amazon has passed. However, despite its remarkable growth, e-commerce sales only accounted for 15% of total retail sales last year, indicating that there is still untapped potential in the market. Furthermore, the increasing demand for artificial intelligence (AI) is projected to fuel revenue in the cloud sector as businesses increasingly rely on AI services. With a strong foothold in both these markets, Amazon's long-term prospects remain promising. Hence, it is still an opportune time to consider investing in Amazon stock. The introduction of OpenAI's ChatGPT last year left the tech industry astounded with its ability to generate human-like conversations, pushing the boundaries of AI capabilities. This breakthrough prompted numerous companies to redirect their focus towards AI development. Cloud computing has emerged as a major beneficiary of the AI revolution, as businesses strive to leverage this technology to enhance their offerings. While Amazon may have initially seemed behind in this domain, its cloud competitor Microsoft secured exclusive licenses to utilize several of OpenAI's AI models. However, Amazon has since made significant progress in generative AI. For years, the e-commerce giant has been using AI in its retail operations to track consumer shopping patterns, offer personalized recommendations, and optimize shipping logistics. Leveraging its expertise, Amazon has developed an AI model called Amazon Bedrock, which excels in advanced generative AI tasks like creating comprehensive social media campaigns based on product descriptions. In April, the company announced that Amazon Bedrock would be accessible to Amazon Web Services (AWS) users, alongside a tool called Code Whisperer. This innovative service empowers developers to input their desired outcomes and receive customized code solutions tailored to their specific needs. While Amazon may have initially lagged in AI services, its dominant market share in the cloud industry positions it advantageously. By impressing AWS users with its current AI models, the company is poised to maintain its leadership and capitalize on the rapidly expanding AI market. Amazon faced significant challenges last year, with reduced consumer spending and substantial operating losses in its e-commerce segments. AWS also experienced a slowdown in growth due to businesses cutting back on cloud budgets. In evaluating Amazon's prospects, it becomes crucial to take a long-term perspective, considering its strong position in two pivotal markets that are likely to yield favorable results over time. Encouragingly, the first quarter of 2023 indicates a recovery in Amazon's e-commerce business. The North American segment returned to profitability, reporting $898 million in operating income, while the international segment showed slight improvement. As inflationary pressures subside and Amazon benefits from budget adjustments, the company is expected to continue improving its e-commerce performance. With its dominant market position, Amazon is poised for consistent long-term growth. Unfortunately, AWS experienced further deceleration in earnings growth during Q1 2023. However, Amazon is still in the early stages of its venture into AI cloud services. The extensive retail knowledge accumulated by the company can be a significant advantage in developing efficient AI models for AWS, while its leading market share continues to attract new users. Despite a 54% year-to-date increase, Amazon's stock remains 44% below its peak in July 2021. This suggests that there is still potential for a bullish trend. With its strong positions in expanding markets and room for growth, it is not too late to capitalize on Amazon's long-term prospects and potential profitability.
NASDAQ:AMZNLong
by FOREXN1
18
Amazon headed back to $85- AMZN for the past 2 years has been finishing off its 5 wave cycle down. At the end of Dec '22 we saw a push out of the cycle down and into a corrective phase (B Wave) which we are in now and has been going on for the past couple months. It looks like the B wave is coming to an end soon as we approach this range of the blue resistance lines. I see it going into this range and then falling back to make new lows to finish off the C wave. I don't think I would be a buyer right now with about maybe 15% upside if that and the downside we are looking at 35-45%... The risk/reward isn't there for me, but it might be there for some.
NASDAQ:AMZNShort
by UnknownUnicorn910751
AMAZON Loosely supported. Buy but careful if this level breaks.Amazon / AMZN hit yesterday and is rebounding today exactly at the bottom of the late April Channel Up. This remains a bullish trend for as long as the Channel Up holds, so buy and target Resistance A at 136.50. If it breaks downwards, sell and target the 1day MA50 and Rising Support at 123.50. It is crucial to mention that the 1day RSI has already crossed under its Rising Support, issuing an initial bearish warning. Follow us, like the idea and leave a comment below!!
NASDAQ:AMZNLong
by TheCryptagon
3
Amazon (AMZN:NASDAQ) Strong growth potentialAmazon (AMZN:NASDAQ) continues to capture the attention of analysts due to its market dominance and consistent growth. In this post, we explore the buy rating assigned to Amazon by analysts, highlighting the key factors driving their positive assessments. Analysts' Buy Rating on Amazon Strong Market Position and Revenue Growth: Analysts have assigned a buy rating to Amazon based on its strong market position and robust revenue growth. The company's expansive e-commerce platform, cloud computing services, and digital content offerings have solidified its position as a market leader. Analysts believe that Amazon's ability to capture a significant portion of the online retail market and generate substantial revenue growth provides a solid foundation for future success. Innovation and Diversification: Amazon's commitment to innovation and diversification is another factor contributing to the buy rating. The company continuously expands its product and service offerings, entering new sectors such as healthcare, logistics, and smart home technology. Analysts view Amazon's focus on diversification as a strategic advantage that enhances its growth potential and mitigates risks associated with reliance on a single market segment. Strong Financial Performance: Amazon's consistent track record of strong financial performance plays a significant role in the buy rating assigned by analysts. The company's ability to generate substantial revenue, coupled with effective cost management, has resulted in consistent profitability. Analysts project continued growth in revenue and earnings, driven by increasing online sales, cloud services demand, and the expansion into new markets. Analyst Recommendations and Investor Considerations Growth Potential: Analysts believe that Amazon has significant growth potential, driven by its market leadership, innovative approach, and ability to adapt to changing consumer behaviours. Investors considering Amazon should carefully evaluate its growth prospects, including the potential impact of expanding into new markets and sectors. Long-Term Investment Outlook: The buy rating suggests that analysts view Amazon as a favourable long-term investment opportunity. Investors with a long-term investment horizon may find Amazon's strong market position, diversified business segments, and proven ability to deliver growth appealing. Risk Factors: Investors should be aware of potential risks associated with Amazon, such as increased competition, regulatory challenges, and supply chain disruptions. It is essential to conduct thorough research and consider these factors alongside the buy rating when making investment decisions. Conclusion: Analysts have assigned a buy rating to Amazon, citing the company's strong market position, consistent revenue growth, innovation, and diversification. Investors considering Amazon should carefully evaluate the company's growth potential, long-term investment outlook, and associated risks. The buy rating suggests that analysts view Amazon as a compelling investment opportunity with the potential for continued success in the future. This content is provided for general information purposes only and is not to be taken as investment advice nor as a recommendation for any security, investment strategy or investment account.
NASDAQ:AMZNLong
by CapitalMarketsEliteGroup