Amazon short entry We see a head and shoulders pattern forming with volume looking promising in terms of head and shoulders formation.
AMZN trade ideas
Watchlist 2023-04-18 $SPY $SCHW $AMRX $UBER $AMZNAMEX:SPY - No major news or economic events today. Continuing to grind higher to the 418.50 pivot where we should see a reaction.
For further confirmation of a trend day, watch for:
USI:ADD pinned near +\-2000
USI:VOLD ratio over +/- 3
USI:TICK cumulating past 0 wicking to +/-900
NYSE:SCHW - posted a rev beat yesterday. Had some minor price target adjusts down. But most are still in the high 0s for a price target. RVOL Pd was 2. Knocking on the door od 53 but prices look ready to break through the down trend after the earnings fakeout below 48 PD. IF we can get above and stay about 53 for 2 min at the open, looking for a quick opening drive. Else, will need to stay above this level for more than 10 min intraday for a swing.
NYSE:UBER - no news but breaking out of a tight range and a hammer bar PD.
NYSE:AMRX - up nearly 9% after saying it expects Q1 revenue of HKEX:550 million to HKEX:560 million, representing about a 12% increase from a year ago. Looking for continuation after a squential pullball to key support around 1.60.
Amazon is a buy now (NEW)Amazon still in a buy area.
Buy to play the bounce towards the downsloping resistance.
After reaching the target , more downside expected.
Good luck
Harmonic Bat Targeting 139 !A harmonic pattern under development targeting 139.5 area this pattern considered to be bearish because after its completion the price usually reverse after hitting the D and correct to 38% fib . The confirmation of the pattern should be the breakout of B résistance level but since its a little far from the current stock price the entry from this area with a stop loss is more profitable !
AMAZON Stock Chart Fibonacci Analysis 041523Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 100/61.80%
Amazon rejected at 200 day moving average in a market which was Amazon rejected at 200 day moving average in a market which was ok so far and in risk on mode
Amazon Ceo came out yesterday and gave a speech similar to what Mark Zuckerberg said when meta was 90 bucks..
Price has been contained in this yellow channel for the most part since February blow off top.. I think this pushes up to 107 or 200sma before next earnings
Here's its sector, XLY. Nearing resistance which is why Tesla has been having a hard time moving hire
Let's see what happens
AMAZON Stock Chart Fibonacci Analysis 041323 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 100/61.80%
AMZN - Continued Relative Under Performance Amazon will likely continue to underperform its mega-cap colleagues as the market digests the coming recession (whether it be major or minor). A re-test of the 2019 low of around HKEX:65 seems like it's in the cards for 2023-2024.
AMZN Short Position- Price below the 200 MA, confirming the general downtrend.
- Possible formation of descending triangle.
- Demand for the asset is weakening (see volume, RSI and OBV indicators).
When the price cuts below the 50 MA, the RSI is well below 50% and the OBV is red and well below the mid level, enter short. I prefer to enter my positions with confirmations of indicators, rather formations of patterns.
WARNING: THIS IS NOT A INVESTMENT ADVICE. I'M JUST POSTING MY IDEAS AND IT IS FOR EXCHANGE OPINIONS.
ABC/DPrice is at a resistance zone.
The target is D.
Price could reverse when D is met.
Possible stop under C.
52 Week Range
81.43
158.65
Day Range
98.71
100.99
EPS (FWD)
1.44
PE (FWD)
68.16
Div Rate (TTM)
-
Yield (TTM)
-
Short Interest
0.61%
Market Cap
$1.00T
Amazon's Downward Spiral: Is the E-commerce Giant in Trouble?Amazon's stock has been running into the thick cloud of the Ichimoku on the monthly chart, indicating a significant resistance level that may lead to further declines. The Ichimoku is a technical analysis indicator that uses a range of moving averages to identify potential support and resistance levels. In this case, the thick cloud represents a significant resistance level that Amazon's stock has been struggling to break through. This suggests that there may be more pain ahead for the stock, as it continues to face downward pressure.
The first resistance price for Amazon's stock is around HKEX:107 , which is a critical level to watch. If the stock manages to break through this level, it may be able to gain some upward momentum. However, if it fails to break through this resistance, we could see further declines in the stock price. Given the current market conditions and the challenges that Amazon is facing, it seems likely that the stock will face more downward pressure in the coming months. As a result, investors should remain cautious and closely monitor the stock's performance in the coming weeks and months.
AMZN AnalysisPrice played out nicely as analyzed last week. No changes to my expectations, expecting price to continue higher after this bearish retracement from here or from the bullish POI at 93.57.
Amazon Priced in Silver Monthly Log ChartAmazon priced in silver is looking VERY WEAK.
Remember, it lost 94% of its value (priced in silver) from 1999 to 2001 and took 14 years to break even.
Will the crowd wake up in time?
#amazon #silver #inflation
The Future of Amazon Stock: Risks and Opportunities for InvestorAmazon is one of the most successful companies in the world. Over the years, it has expanded its operations to include everything from cloud computing to entertainment. Its stock has been a favourite among investors, consistently outperforming the market and making it one of the most valuable companies in the world. In this blog post, we will explore the factors that have contributed to Amazon's success, take a closer look at its stock performance, and discuss what the future may hold for investors who are interested in Amazon stock.
Amazon is a household name that needs no introduction. It is one of the largest companies in the world, with a market capitalization of over $1.6 trillion. Amazon is known primarily for its e-commerce platform, but the company has expanded into a diverse range of businesses over the years, including cloud computing, entertainment, and even healthcare. In this blog post, we will explore the history of Amazon and how its business model has evolved over time.
The Early Years of Amazon
Amazon was founded in 1994 by Jeff Bezos, who initially started the company as an online bookstore. At the time, Bezos was working on Wall Street and saw an opportunity to capitalize on the growing popularity of the internet. He left his job to start Amazon in Seattle, Washington.
The early days of Amazon were not without their challenges. Bezos initially funded the company with his own money, and the company struggled to generate revenue. However, Bezos was committed to his vision of creating an online store that would offer customers a wide selection of products at low prices. He also recognized the potential of the internet to transform retail.
The Expansion of Amazon
In the years that followed, Amazon expanded its product offerings to include a variety of goods, from electronics to clothing. The company also introduced its own line of products, including the Kindle e-reader and the Amazon Echo smart speaker.
Amazon's success in e-commerce paved the way for its expansion into other businesses. In 2006, Amazon launched Amazon Web Services (AWS), a cloud computing platform that has become one of the most profitable parts of the company. AWS offers a wide range of services to businesses, including storage, computing power, and analytics.
Amazon has also made significant investments in entertainment. In 2011, the company launched Amazon Studios, a division focused on producing original content for its video streaming service, Amazon Prime Video. The company has also acquired other businesses, such as Whole Foods Market, a grocery chain, and PillPack, an online pharmacy.
The Business Model of Amazon
Amazon's business model has evolved over time, but the company's core principles have remained the same. Amazon's goal is to offer customers a wide selection of products at low prices, with fast and reliable delivery. The company achieves this by leveraging technology to streamline its operations and reduce costs.
Amazon's e-commerce platform is supported by a sophisticated logistics network that allows the company to deliver products quickly and efficiently. The company's investments in technology, such as robotics and machine learning, have enabled it to automate many of its processes, reducing the need for human labor.
Amazon's expansion into other businesses, such as cloud computing and entertainment, has been driven by the company's desire to leverage its technology and expertise in new ways. By entering these markets, Amazon has been able to diversify its revenue streams and capitalize on new opportunities.
Amazon's journey from an online bookstore to a global behemoth has been nothing short of remarkable. The company's business model has evolved over time, but its commitment to offering customers a wide selection of products at low prices has remained the same. With its investments in technology and a diverse range of businesses, Amazon is poised to continue its dominance in the years to come.
Key Statistics
Revenue CAGR since 2017 = +23.6%
Operating Profit CAGR since 2017 = 24.4%
ROIC = 4%
Operating Margins = 2.38%
EV/EBITDA = 28.2
Analyst Estimates
EPS December 2023 = $1.45
EPS December 2024 = $2.54 (+75% YoY)
EPS December 2025 = $3.61 (+42.34% YoY)
EPS December 2026 = $4.92 (+36.36% YoY)
Conclusion
Despite already being a huge business, I believe Amazon still has great potential for continued growth. I currently hold NASDAQ:AMZN in my portfolio and plan to continue doing so unless something drastically changes within the business, or if the stock massively rallies and I feel it has become incredibly overvalued.
Holding strong at the swing high/swing low anchored VWAPsToday's candle is looking similar to the retest of this VWAP zone on March 28th which is shown by the two arrows.
$AMZN - A little rejection from the trend lineQuick update on #AMZN. The stock hits the trend line and pull back a bit. I am betting that it will break out of that trend line this time around.
Its currently around 50DMA.
HKEX:95 could be a good DCA zone.
AMZN is Still in a WXY Correction StructureAs we can see in the chart, Amazon(AMZN) WXY correction is in blue and we expect more downside to around $60 only when the wave (Y) in blue and Wave ((II)) in black are complete.
Technical Analysis:
- H1 & H4 Right Side are Turning Down
- Technically AMZN has now 5 waves down and has a strong correlation with NASDAQ - that's why we expect that it extends lower to around $60 where smart buyers will must appear and we'll like to do an edging buy.
Amazon short to medium term On long term Amazon, 7 weeks, 21 days and 13 days time frames was so oversold like previously in late 2001 so I expect a pretty strong reaction to the upside.
Retraced 56.94 from top so a valid and strong correction. On short term a possible 1-2 is baking and the reaction on the upside looks weak giving me the idea that maybe is just a corrective B wave before going in a C to complete the 1-2 wave. If it;s going beyond wave 1 peak then maybe we are already in wave 3 but the way it moves on daily doesn't gives me hope.
If 87.xx support level is strong we can see a wave 3@ at least 142.xx.
If your newsfeed is doom and gloom then maybe the bottom is already in.
Do Not buy Amazon right now! Amazon.com, Inc. is an American multinational technology company focusing on e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence.
Amazon - AMZNLeft chart – daily chart / 1 year
• Resistance from the gap formed ending October 2022 at 103.96/109.77
• Support from the gap formed beginning November 2022 at 89.47/91.65
• Stock is trading between the support and resistance gaps in a sideways trend
• Decreasing volume in the last days
Right chart – weekly chart / 5 years
• Downtrend since mid-November 2022
• Downtrend supported by 50 weeks moving average
• Resistance at the 23.6% Fibonacci Retracement at 106.80
• Decreasing volume in the last weeks
Stay short as long as we don’t see a clear break of the resistance at 109.77. At that point the downtrend is broken, the Fibonacci retracement becomes a support and the gap resistance (left chart) is filled.
