$AMZNNeeds to cool off inside of it's range before it's next move up.
Stock is outstanding, but even birds have to stop flying eventually.
I'm bullish long term but looking to make a quick grab on a consolidation
AMZN trade ideas
Amazon offers potential to next highs Above 197.4 area we have nice room to next highs at 199 and then potential to break structure there. Monday was an inside bar day. Will watch high and low to see reaction there. FTGL could give us the push back up we need to get there
Long Position For Amazon Long term, Long position.
Technical Analysis:
A long position was initiated in Amazon (AMZN) after the stock successfully broke through a significant long-term resistance level. This decision is based on strong technical signals, with the 20-day moving average (20MA) providing crucial dynamic support. Profit targets are set to activate upon a clear bearish crossover below this moving average.
Fundamental Strength:
Amazon's recent achievement of a market capitalization exceeding $2 trillion highlights its robust market presence and investor confidence. This milestone underscores the company's extensive growth potential and market dominance.
Growth Drivers:
Amazon Web Services (AWS) continues to be a significant growth engine for the company. AWS is expanding its infrastructure globally, with substantial investments planned in Saudi Arabia, Mexico, and the United States. For example, Amazon's $10 billion investment in new data centers in Mississippi is expected to create 1,000 jobs and support local education initiatives.
Revenue and Earnings Projections:
Amazon's financial outlook is strong, with projected revenues expected to grow from $574.79 billion in 2023 to $651.01 billion in 2024. Additionally, earnings per share (EPS) are forecasted to rise significantly from $2.90 in 2023 to $4.63 in 2024. This positive growth trajectory reflects Amazon's strong operational performance and strategic investments.
Innovative Initiatives:
Amazon's strategic focus on artificial intelligence (AI) and cloud computing positions it well for sustained long-term growth. Innovations such as Amazon Bedrock and Amazon Q enhance its service offerings and operational efficiencies. These initiatives are expected to drive growth across various sectors, including healthcare, logistics, and retail.
Conclusion:
The long-term position in Amazon is supported by strong technical indicators and solid fundamental performance. With strategic investments in AI and cloud infrastructure, Amazon is well-positioned for continued growth. Monitoring the 20MA and maintaining a strategic stop loss will be key to managing this position effectively.
AMZN 4 hr so you can see itWe are now in the up thrust of the exhaustion move it could travel the width of the triangle but the move is an ENDING NOT a new Beginning . from an ELLIOT WAVE
AMZN RUN FOR EXIT INTO THE RALLY Amzn is now thrusting out of a 4 th wave triangle it will top anywhere from 201 to 207 best of trades WAVETIMER
Amazon at $2 Trillion: What’s Driving the Stock to Record Highs?Tripled profits, a bet on AI, and a strategy to take on rising rivals from the East have propelled the ecommerce and cloud computing giant to the lofty price tag.
Innovation on Amazon’s Mind
Amazon (ticker: AMZN ) hit $2 trillion in market value just before the year clocked out for the first half. In the final week of June, the Jeff Bezos-founded online retailer soared past the formidable milestone, becoming the fifth company to ever breathe the rarefied air beyond $2 trillion.
What’s been driving Amazon stock to line up right after Alphabet (ticker: GOOGL ), Nvidia (ticker: NVDA ), Apple (ticker: AAPL ) and Microsoft (ticker: MSFT )? It’s a mix of fortunate and timely events, and all can be summed up with one word: innovation.
Amazon raked in sky-high profits of $15 billion for the most recent quarter. The figure was up three times from the same quarter last year. More importantly, the company, now under the stewardship of Andy Jassy as chief exec, is pivoting more resources to meet the growing demand for artificial intelligence.
Shifting Focus to Artificial Intelligence
Amazon Web Services (AWS) is the firm’s cloud computing business and also the world’s biggest one. It’s largely the cash cow at Amazon with profit margins as wide as 38%. Now, it’s getting a boost from businesses looking to inject AI into their products and services. The fast-growing AI-focused unit is growing at a “$100 billion annual revenue run rate,” according to Jassy.
For the quarter ended March 31, AWS sales rose 17% to $25 billion, beating forecasts for $24.5 billion and also coming ahead of the previous quarter’s 13% growth pace. It seems that the AI hype is sweeping across the Amazon halls and conference rooms.
Generative AI got praised by Amazon’s chief financial officer Brian Olsavsky as “a multibillion-dollar revenue run rate business for us.” Looking for a meaningful edge doesn’t stop with artificial intelligence.
Pitted Against Temu and Shein
Rising ecommerce competition from the East is forcing the $2 trillion giant to embrace a new line of business — ultra-low-cost goods shipped directly from China. A new discount section is in the works for Amazon.com after smaller rivals Temu and Shein have threatened to slurp up a significant market share.
The new section, according to reports, will be added to the homepage of the retailer’s app. It will be targeting American customers willing to wait nine to 11 days for goods shipped from China warehouses, as opposed to the regular one or two-day delivery time for goods delivered from within the US. Also, each item will get a price tag of no more than 20 bucks.
Temu, owned by PDD Holdings, and China-founded Shein have flooded the internet with cheap stuff and massive discounts thanks to splurging billions of dollars in advertising campaigns.
Amazon, a mainstay in the FAANG stocks list , is among the few companies to be of gargantuan size yet nimble enough to stay relevant in the changing landscape of its industry. Will the pivot to cheap goods succeed in stamping out the aggressive competition from China? Or will the corporate giant be outperformed by the brilliant maneuvering of low-caliber foreign retailers?
Share your thoughts in the comments!
AMZN Swing Trade Tomorrow 7/1/2024Amazon (AMZN) on a 15-minute timeframe, here's a detailed technical analysis for a potential swing trade:
Chart Overview:
Current Price Action:
The current price is around $193.00.
The stock has recently experienced a downward movement after reaching a high of around $204.00.
Volume Profile:
Point of Control (POC): $193.00. This indicates a high volume area where a lot of trading activity has occurred.
Value Area High (VAH): $199.50.
Value Area Low (VAL): $193.30.
The POC and VAL are very close to the current price, indicating strong support around these levels.
Support and Resistance Levels:
Support: $193.00 and $192.49.
Resistance: $199.50 and $199.83.
Trendlines:
There is a descending trendline indicating the recent downtrend.
Indicators:
MACD: The MACD appears to be in a bearish crossover below the signal line, indicating bearish momentum.
Volume: There seems to be a spike in volume during the recent downward movement, indicating strong selling pressure.
Analysis:
Support and Resistance:
The current price is near the POC and VAL, which should provide strong support around the $193.00 level.
If the price holds above this level, we could see a potential rebound.
Resistance is around $199.50 - $199.83, which will be a significant level to break for any upward movement.
Potential Scenarios:
Bullish Scenario: If the price holds above $193.00 and breaks above the descending trendline, we could see a move towards the resistance levels at $199.50 and possibly $199.83.
Bearish Scenario: If the price breaks below $193.00, the next support level is $192.49. A break below this could lead to further downside.
Trading Plan:
Long Trade:
Entry: Around $193.00 - $193.30.
Target: $199.50 (first target), $199.83 (second target).
Stop Loss: Below $192.49 to manage risk.
Short Trade:
Entry: Below $192.49.
Target: Next support levels (not clearly indicated on the chart but could be extrapolated from previous price action).
Stop Loss: Above $193.30 to manage risk.
Conclusion:
The key level to watch is the $193.00 support. If this level holds, there could be a potential rebound towards the $199.50 - $199.83 resistance levels. If it breaks, we could see further downside. Always ensure to use stop losses to manage risk effectively.
AMZN Bearish IdeaLooks like Amzn is on a big downtrend reversal. Chart is showing a Rising wedge on the 1h and 1d chart for 5 day chart.
AMZN updateAMZN played out the inverse H&S nicely on the weekly chart and is looking to continue momentum. I drew a new momentum trend, the red dashed is a fallback zone. With the stochastic pointing upward I expect this to at least test this green fib on my updated fib extension.
-A test of 208-210$
-Coming back to earth to revisit the momentum trend
-220+$ during elections
AMAZON Bullish Breakout! Buy!
Hello,Traders!
AMAZON is trading in an
Uptrend and the stock
Broke the key horizontal
Level of 190.00$ and the
Breakout is confirmed so
We are bullish biased
And we will be expecting
A bullish continuation
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
Amazon: The Fire Booster Step 3 Of The Rocket Boost Strategy🪄I saw Amazon stock appear on my trading system,
but when it appeared it was not ready for a buy and today,✨
it has just blown up! and is ready for a good buy.
Now notice that the price action of this stock is the step 3 of the
Rocket booster Strategy
What is the Step 3 Of The Rocket Booster Strategy?
--> The price has to gap up
And this is what you are seeing on this chart right now.
To understand the remaining 2 steps of this strategy check
out the references below
Also, remember to rocket boost this content to learn more.
Disclaimer: Trading is risky you will lose money whether you like it or not please
learn risk management and profit-taking strategies.
Potential Turning Point for AMZN. The daily chart of NASDAQ:AMZN shows a well-defined long-term uptrend channel and ascending wedge in the short term.
Two possible scenarios:
Breakout upwards: If the wedge breaks upwards, the long-term uptrend continues, targeting the return line of the channel. Despite the uptrend already being mature, this would cancel out the signs of weakness, and the return line would be the next resistance.
Breakout downwards: This seems more likely, as the ascending wedge indicates weakness in the short-term uptrend. A downward breakout could lead to a larger retracement, confirming the lack of a touch on the return line, indicating a loss of momentum in the long-term uptrend. Thus, a deeper retracement could potentially break the uptrend line of the channel.
Let's keep an eye on it. What do you think will happen with Amazon?
Amzon.comIf AMZN remains above 185, will drive it to test higher levels near 188.35 - 189.77 - 191.70. As 191.70 is considered the last major peak that needs to be violated, to confirm the major uptrend, with potential targets at196.60 - 199 - 202.80.
The stop-loss lies below 181.22, as a break below it, will cancel the mentioned positive scenario.
The information and publications are not intended to be or constitute any financial, investment, commercial, or other types of advice or recommendations provided.
Amazon stocks continues to amazeAmazon continues to break to new highs, reaching almost $200.00, before pulling back a little. It was still up a good 2% at the time of writing, but it looks like more gains could be on the way after this week's bullish breakout.
On Wednesday, Amazon broke through the resistance in the $190 - $191 range, closing up 3.9% at a record high. This surge made it the fifth member of the "Magnificent 7" stocks to reach a market capitalization of $2 trillion. This breakout is a bullish signal that could sustain the tech rally even if leaders like Nvidia slow down.
The $190-$191 range has now become a crucial support zone to monitor for any short-term dips. To maintain the bullish sentiment, this area must hold.
The line in the sand is $185.33, Monday’s low. If this level is breached, it would invalidate the bullish breakout, indicating a false breakout and potentially leading to a significant sell-off.
But my base case scenario remains bullish and with the stock at record highs, it could easily rise above $200 in the days ahead.
By Fawad Razaqzada, market analyst at FOREX.com
AMZN inverse h&s updateI cannot tell you how many people faded this idea and stated it was not a head and shoulders. With H&S you need to predict the second shoulder before it happens, not afterwards. This trade has played out immesely as I am only in AMZN LEAP calls. I did sell covered calls against the position which will likely cause them to be called away at thousands of dollars in profit (fine with me).
-My target is still 210$
AMZN Shares Set a New All-Time HighAMZN Shares Set a New All-Time High
As shown in the AMZN chart, yesterday the share price confidently surpassed the psychological level of $190, closing above $193.41, which is a new all-time high.
Specifically:
→ the growth was approximately +3.9% for the day, with the closing candle at the upper part (a sign of strong demand);
→ Amazon's market capitalisation exceeded $2 trillion.
According to Benzinga, the rise in AMZN's price was driven by:
→ the news that BofA Securities analyst Justin Post maintained a "Buy" recommendation and raised the target price from $210 to $220, citing the potential for improved efficiency through better logistics.
→ the information that Amazon is preparing to launch a discount section similar to Temu, which will offer direct delivery from China.
Technical analysis of the AMZN daily chart shows that:
→ the price is moving within an upward channel (shown in blue), being in the upper half of it (evidence of strong demand);
→ rising lows A-B-C, which formed under the $190 resistance, reflect the essence of the cup-and-handle pattern;
→ bulls have the potential to rise to the upper boundary of the channel.
The bulls may be supported by:
→ the $190 level, which had acted as resistance since mid-April but was broken yesterday;
→ the median line of the blue channel.
According to TipRanks, the average target price for AMZN predicted by Wall Street analysts is $221.55 (an increase of 14.43% from current levels) within 12 months.
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Amazon buying zone from 124 to 127From its peak in Sept 2023, it has fallen 20 bucks and is offering its loyal investors to start accumulating again. The yellow zone on the chart shows the multiple support between price level at 124 to 127 and the rally that enfolds.
I believe we are in the zone again. So, I will be awaiting for a nice pull back and start buying more of this company. They are one of the beneficiary with the upcoming year end holidays like Christmas, New Year, Halloween , etc.
Watch out for this rally!!!
Gaps unpredictable and frustrating to time it - AMZNIn Apr 22, had you waited 3 months for the gap to be filled up, your joy is short lived as it quickly plunge down more than 40% until Jan 23.
In Oct 22, the same thing happened. You went long and it quickly fell 20% until Jan 23. Very few people would have known the bottom was in Jan 2023, all these are on hindsight and then you go :"Had I known, I would have sold my house and went all in " kind of thing......
Then in May 23, look what happened. It gap up not a lot but till now, it has not been closed. So, the moral of the story is do not time the gap. It is unpredictable. Buy great businesses with solid fundamentals, strong economic moat and has proven itself years after years , like Amazon.
If for the small gap, you insisted to wait for it to fill up before going long, then you would have missed the potential 79% returns it offered you had you went long. REGRET? Then, you took revenge and bought more at the peak and it falls or crash like some of the tech stocks now and you lament about your bad luck. Such things happen every day, around the world to some people, hopefully it was all the past for us and we become wiser over time and not dabble in this prediction fantasy and ego boosting game of calling the market timing. Be in the market and let them do their job. That's all , investing is straight forward and boring but people come out with all kinds of stuff to make it complicated and confused themselves or out to make money for their own gains - thousands of indicators, thousands of online courses , videos, etc.
Wise up , guys !
Amazon ,,, BreakoutUptrend
In daily time,it was a breakout by a good bullish candle. All time high has been broken and it can be a new trend toward up. I can not consider a target for that , by getting help from Fibo it could be around 250-255 by setting SL at about 179.
Personally, I am waiting for a pullback to be sure about the breakout.
Good luck
AMZN going down-a-dozenThere is strong negative divergence on the price and has very likely done a double top at $189 area. Ideally, if that double top is confirmed in the next one or two candles, then it should fall to at least the rising trend line. However, that rising trend line also is making the bearish flag pattern. So there is high likelihood that it will loose support of trend line, which if it does, should fall to the bearish flag pattern target of ~$119, which happens to be a strong support area. This would be the best point to buy Amazon! But that's if it follows those possibilities. Now as you would expect, it would not be a linear fall, but likely a 4-6 month thing, which time wise, aligns perfectly with end of year retail sparks. So if we end at that price point around Oct, I am going heavy in to this. Alternatively, all of this is bullshit, and price gets support earlier and has a change of trend, so watch for the support areas $174, $167, $156, $145 and $126. Time will tell, but in the very short term, price should be falling to one of the support areas.
AMZN Trade IdeasThis is an interesting chart. It's been fairly strong lately and not far off ATH with the majority of other mega caps. We have this ascending channel that was temporarily broken today, but it closed back above with a big lower wick. If it gaps down below tomorrow, I'd look for short entries targeting the trendline below. That could present a good long opportunity, or it could be another short if it ends up breaking below that as well.
Amazon - Breakdown of the breakout!NASDAQ:AMZN is definitely ready for a major bullish (triangle) breakout.
Here we have a textbook example of a bullish stock. Amazon's stock chart is simply moving from bottom left to top right. Of course there are minor corrections here and there, but the trend is clearly higher. For the past four months, Amazon has been hugging a horizontal resistance level and is preparing a bullish breakout. This will certainly become a decent break and retest setup.
Levels to watch: $185
Keep your long term vision,
Philip - BasicTrading
