AMZN – Gave nice breakout at 161 on 1st Feb ER day.AMZN – Gave nice breakout at 161 on 1st Feb ER day. Will aim for 174 and staying above it will go for 188. Support below 161
AMZ trade ideas
Amazon - The New SetupHello Traders, welcome to today's analysis of Amazon.
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Explanation of my video analysis:
Starting in 2018 Amazon created a decent bullish triangle continuation pattern and after the breakout Amazon pumped more than +70% towards the upside. Then with the 2022 bear market we saw a quite harsh correction and a perfect retest of previous support. If Amazon now provides a retest of the support mentioned in the analysis, I am looking for more long setups.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
AMZN Update: 02/05/2024As always, I have been tracking an ALT count along with my primary. After the release / reaction to the earnings report, it makes my ALT much more likely than before. The main reason I say this is due to MACD. With the recent strength of the rise in price, it caused MACD to make a new high. It hasn't breached the previous high MACD made during wave III, but it did breach the A wave high made on 02 Feb 2023. This has me watching much more closely to determine if this next move down is for wave 2 of V or ((C)) of IV. They will both have the same structure but much different endpoints and timeframe.
First, let's discuss a few reasons for the possibility this next drop is 2 of V.
1. The low MACD made on 10 May was made during the wave (A) which is standard.
2. On 05 June MACD made a high during wave 3, which is common except wave A should have made the highest reading.
3. On 02 Feb MACD made a new high on both the 1HR & 4HR charts for this move up from the $81.44 low.
4. Price already made a 57% decline from the wave III high to the $81 low.
If the drop from July 2021 would have been longer in duration, I would easily say wave IV is complete and this move up from $81 is wave 1 of V. However, I expected wave IV to be at least 4-5 years in duration, not 2. With the current price action and the way MACD is shaping up to be though, I am now 50/50 that wave IV is done. To many things are starting to stack up in favor of IV ending in Jan 2023. Either way, I feel this move higher is ending soon. If you don't already, I suggest setting stop limits to protect profits.
I am starting an experiment, and I am allowing y'all to be front and center to it. As you notice I have yellow and orange fibs on the chart that are almost exactly the same. Normally I always base my fibs on pre, during, and post market price action. However, I want to see which is more accurate to use between the pre, during, and post market, or open market action only. The orange fibs are based off of price during open market hours only and the yellow fibs are based on my standard guides/rules. Let's see which is better!!
MAZN Bearish Butterfly Pattern Will Start at 134$.
The Butterfly pattern is a reversal pattern composed of four legs, marked X-A, A-B, B-C and C-D.
It helps you identify when a current price move is likely approaching its end. This means you can enter the market as the price reverses direction.
The above chart is a bearish version of the pattern, where you would be look to sell AMZN after the pattern has completed.
X-A
In its bearish version, the first leg forms when the price falls sharply from point X to point A.
A-B
The A-B leg then sees the price change direction and retrace 78.6% of the distance covered by the X-A leg.
The Butterfly is similar to the Gartley and Bat patterns but the final C-D leg makes a 127% extension of the initial X-A leg, rather than a retracement of it.
B-C
In the B-C leg, the price changes direction again and moves back down, retracing 38.2% to 88.6% of the distance covered by the A-B leg.
C-D
The C-D leg is the final and most important part of the pattern. As with the Gartley and Bat pattern you should also have an AB=CD structure to complete the pattern, however the C-D leg very often extends forming a 127% or 161.8% extension of the A-B leg. As a trader you would be looking to enter at point D of the pattern.
How to trade a bearish Butterfly
To trade a bearish Butterfly pattern, place your sell order at point D (the 127% Fibonacci extension of the X-A leg), position your stop loss just above the 161.8% extension of the X-A leg and place your profit target at either point A (aggressive) or point B (conservative).
AMZN Share Price Rises Nearly 8% after ReportAfter Thursday's close, another corporate giant reported fourth-quarter 2023 activity.
Amazon's actual numbers exceeded analysts' expectations. And while actual revenue (= USD 169.96 billion) was close to forecasts (expected = USD 169.92 billion), the reported earnings per share were a surprise (actual = USD 1.00, expected = USD 0.795).
Bloomberg names the reasons for success during the reporting period:
→ cost-cutting policy, which is persistently pursued by CEO Andy Jassy;
→ focus on services that bring in money. For example, advertising revenues have grown for the 4th consecutive period;
→ sales of cloud services grew by 13%, easing concerns about slowing demand;
→ strong sales growth during the holiday season.
The company also issued optimistic guidance for the coming quarter, with the expectation that corporate customers will increase spending in its cloud computing division.
As a result, AMZN's share price closed at USD 171.58 on Friday, up nearly 8% from Thursday's close.
The daily chart for AMZN stock today shows that:
→ the price moves within the ascending channel (shown in blue);
→ the price came close to its upper limit;
→ the RSI indicator indicates that the market is significantly overbought;
→ the price formed a bullish gap above the level of USD 160 per share.
Taking into account the above, it is possible to assume that the AMZN share price is in a vulnerable position for a rollback from the upper boundary of the ascending channel, when the optimistic impressions from the publication of the report subside — in this case, the formation of divergence on the RSI indicator and a decline into the bullish gap area is possible.
Also note that AMZN is approaching USD 180 per share. This is the level at which Jeff Bezos sold his shares aggressively in 2021, followed by a market downturn. At the same time, according to annual corporate reporting, Bezos intends to sell about 50 million shares this year. So the $180 level could be an important resistance for 2024.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Amazon update Amazon soo far went according to my predictions amstil looking forward to breake the previous high
Bezos' Strategic Move: Plans to Sell 50 Million Amazon SharesIn a recent filing with the Securities and Exchange Commission (SEC), it was revealed that Jeff Bezos, the executive chair of Amazon ( NASDAQ:AMZN ), plans to sell a substantial portion of his Amazon ( NASDAQ:AMZN ) shares over the next 12 months. The billionaire founder's decision to part ways with up to 50 million shares has sparked considerable interest and speculation in financial circles. This move comes at a time when Amazon ( NASDAQ:AMZN ) continues to dominate the e-commerce landscape and has reported impressive financial results.
1. Strategic Planning and Timing:
Jeff Bezos adopted a prearranged trading plan in November, outlining the sale of a maximum of 50 million Amazon ( NASDAQ:AMZN ) shares over a period ending on January 25 of the following year, subject to certain conditions. This strategic move raises questions about the timing and motivations behind the decision. Investors and analysts alike are eager to understand the rationale behind selling a significant portion of Bezos' nearly one billion shares.
2. Impact on Bezos' Wealth:
Bezos' stake in Amazon ( NASDAQ:AMZN ) is substantial, with over 988 million shares, making up a significant portion of his $193.3 billion personal fortune. As the founder and former CEO of Amazon ( NASDAQ:AMZN ), Bezos has played a pivotal role in the company's growth over the past 27 years. The sale of such a large number of shares could have a profound impact on his overall wealth and potentially reshape the dynamics of his investment portfolio.
3. Market Reaction and Stock Performance:
Amazon's ( NASDAQ:AMZN ) stock price has experienced an upward trajectory, especially following the company's strong financial performance in the fourth quarter, reporting $169.96 billion in revenue and $10.6 billion in net income. The market capitalization stood at $1.77 trillion as of the latest reports. Bezos' decision to sell shares could influence market sentiment and impact the company's stock performance in the short term.
4. Evolution of Bezos' Role:
Bezos stepped down as Amazon's CEO in July 2021, assuming the role of executive chair. This move allowed him to focus on other ventures, such as his space exploration company, Blue Origin, and the Bezos Earth Fund. The decision to sell shares might align with Bezos' evolving priorities and investment strategies, signaling a shift in focus from day-to-day operations to broader initiatives.
5. Analyst Perspectives and Speculation:
Financial analysts and experts are likely to closely monitor Bezos' stock sale and its impact on Amazon's ( NASDAQ:AMZN ) performance. Speculation about the destination of the funds generated from the sale, as well as potential future plans or investments by Bezos, will add an intriguing dimension to the ongoing narrative.
Conclusion:
Jeff Bezos' plan to sell 50 million Amazon ( NASDAQ:AMZN ) shares in the coming year has ignited discussions about the implications for both his personal wealth and the company's stock performance. As investors and analysts observe the market's response, the strategic nature of this move raises intriguing questions about Bezos' long-term vision and the future direction of his investments.
Amazon: Jan 30, 2024Analyst: Shane Hua (CEWA - Master Candidate),
Since the low of 81.43 I started to see the Bull market move higher, and there was no doubt that this was an Impulse wave. I would like to see Amazon continue to rise even higher.
Here is my forecast:
Bottom line: Amazon will continue to move higher with the 5th wave.
The big context shows that the Bull market is a Major trend. The short-term outlook will continue to move higher, while the price remains high at 144.05, something is wrong with a move lower, calling for a reassessment of the situation. In the short term, the low of 154.56 can be relied on to manage the risk of trading positions.
AMZN Amazon Options Ahead of EarningsAnalyzing the options chain and the chart patterns of AMZN Amazon prior to the earnings report this week,
I would consider purchasing the 160usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $19.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AMAZON Daily, Weekly & Monthly analysis, Bullish OutlookAMZN
price is forming a Bullish Head & Shoulder pattern.
and RSI also made a break of the descending trendline
If we look at weekly chart, price is moving in an ascending channel moving upwards, and price is also above support
If we look at Monthly time-frame, price broke above trendline and is moving upwards
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
AmazonSmile. You shop. And... Amazon Still Gives 😊 Amazon stocks are going up this year with solid 52.29% year-to-date gain, that is currently the 9th largest YTD result over all components of Nasdaq-100 ( NASDAQ:NDX ) index.
Work hard, Have fun, Make history - And You're Done! - This is the official tagline of Amazon in 2023.
The slogan refers to Amazon’s dedication to innovation and service enhancement. As can be seen, Amazon tagline 2023 is separated by three ideologies.
Have Fun
There is a saying that goes You gotta do what you love to love what you do, and I believe it much applies to this ideology – to have fun. The key to having fun at work is creativity and innovation.
Bezos makes room for mistakes, as long as they lead to something positive. You know what they say, learn from your mistakes and be better. To have fun is to think beyond the boundaries with a powerful imagination.
Make History
As of June 22, 2023, Jeff Bezos is the third richest person in the world, with a net worth of $149 billion, according to Bloomberg Billionaire Index data . Amazon proudly contributes to Bezos’ success, being the most successful retailer company in the U.S.A. Despite such accomplishments, the business still strives to develop bigger by the day.
From A To Z
You can still see a smile formed right under Amazon’s logo; it represents the range of products and services available on the platform. The smile also symbolizes consumers’ happiness when they find what they need within just a few clicks.
Of course, in Trader's terms a market smile also means V-shaped recovery, that is currently observed due to massive Reversed Head and Shoulders Chart Pattern structure breakout.
Overall Amazon stocks still are on the positive path, following the All-the-history support of 10-years simple moving average.
AMZN Bullish Outlook - Passing $155 and up
I see a bull pattern on AMZN supported by multiple indicators including the obvious ones (RSI, MACD, Stoch). Depending on the overall market as well, I think we could surpass our recent highs / resistance of $155.60. We'll have to see how AMZN holds above $154.04 (if it does) and coincidentally that's yesterday's high.
Edit: sorry if the picture came out wrong -- trying to get my template set up for my tablet
Amazon's Soaring Stock: A Tale of AI Dominance and Growth
In a striking display of resilience and innovation, Amazon.com (NASDAQ: NASDAQ:AMZN ) has set the financial world abuzz with a remarkable 7% surge in its stock before the bell on Friday. The e-commerce behemoth not only reported higher-than-expected holiday quarter sales but also showcased the powerful impact of its AI prowess, particularly within its lucrative cloud business, Amazon Web Services (AWS).
AI-Powered Growth:
Amazon's (NASDAQ: NASDAQ:AMZN ) ascent mirrors a broader trend among tech giants, including Microsoft, as they begin to reap the rewards of substantial investments in artificial intelligence. The company's early gains from AI-powered features have positioned it as a frontrunner in the race to harness the potential of cutting-edge technology.
J.P.Morgan analyst Doug Anmuth highlights the impressive strides made by AWS in early Generation AI revenue. While currently a small fraction of the colossal $100 billion run-rate business, Anmuth anticipates meaningful traction for AWS in the rapidly evolving AI landscape throughout the coming year.
E-commerce and Cloud Synergy:
The confluence of Amazon's e-commerce dominance and the soaring success of AWS paints a compelling picture of synergy between retail strength and cloud innovation. Despite economic strains, the company's 14% rise in sales during the holiday quarter underscores robust spending patterns and an ability to navigate challenges effectively.
Investor Confidence:
Amazon's (NASDAQ: NASDAQ:AMZN ) stellar performance has not gone unnoticed by the investment community. A staggering 13 brokerages have raised their price targets on the stock, signaling a widespread vote of confidence in the company's future trajectory. Anmuth lauds Amazon's (NASDAQ: NASDAQ:AMZN ) adept execution, noting that challenges faced during the pandemic have strengthened both its retail and AWS divisions.
Market Outlook:
Amazon's stock is riding high on an upbeat revenue forecast. The company's projected current-quarter revenue, reaching up to $143.5 billion, surpasses analysts' expectations and stands out in a landscape where other tech firms have tempered their revenue and earnings forecasts.
Comparative Valuations:
A glance at comparative valuations adds another layer to Amazon's triumph. With a forward earnings per share ratio of 40.51, the company outshines cloud rival Microsoft (31.57) and retail competitor Walmart (23.75). The market's response to Amazon's forward-looking guidance suggests a favorable outlook, with potential to add a staggering $115 billion to its market capitalization.
Investor Bullishness and Future Prospects:
Despite substantial investments in cloud infrastructure for generative AI technology, investors remain bullish. Krishna Chintalapalli, portfolio manager at Parnassus Investments, anticipates a strong return on investment stemming from recent generative AI investments. This optimism aligns with the technical outlook, showcasing a rising trend channel and indicating investor confidence in Amazon's continued growth.
Conclusion:
Amazon's (NASDAQ: NASDAQ:AMZN ) soaring stock, fueled by AI-driven innovation and robust sales, solidifies its position as a trailblazer in the tech and e-commerce sectors. As the company navigates economic challenges with strategic investments, the future seems promising. With a compelling synergy between retail dominance and cloud innovation, Amazon's (NASDAQ: NASDAQ:AMZN ) ascent is a testament to its adaptability, resilience, and foresight in an ever-evolving technological landscape. Investors and industry observers alike are eagerly watching as Amazon's (NASDAQ: NASDAQ:AMZN ) success story unfolds, shaping the narrative of a new era in tech-driven commerce.
Advanced Candlestick Pattern AnalysisAdvanced Candlestick Pattern Analysis
Welcome to the intricate world of advanced candlestick patterns, a realm where subtle shifts in market sentiment are captured in the form and structure of candles on a chart. This article delves into some of the more sophisticated patterns that, while less common, offer insightful signals to those who can identify them. For readers eager to try spotting these patterns themselves, FXOpen's free TickTrader platform provides an ideal canvas to practise and observe these formations in real-time markets.
Island Reversal Pattern
The Island Reversal pattern is a distinct formation in advanced candlestick patterns, marked by a gap on both sides of a cluster of candles. This pattern signifies a possible reversal of the current trend. It appears as a small 'island' of trading activity separated by gaps from the larger price movement, indicating a sudden shift in market sentiment.
Traders often view the Island Reversal as a strong signal. They typically wait for confirmation in the form of a price moving away from the 'island' before executing trades. For instance, traders might buy once the price moves above the pattern in a bullish island reversal. Conversely, in a bearish reversal, selling occurs when prices drop below the island. Stop-loss orders are generally placed on the opposite side of the gap, limiting potential losses if the expected trend reversal does not materialise.
Hook Reversal Pattern
The Hook Reversal pattern forms part of advanced candlestick analysis and is characterised by two candlesticks, where the first one aligns with the trend and the second is the opposite. Also, the second candlestick opens and closes within the first one. It can indicate a potential reversal in the current trend, particularly in a highly traded market.
In response, traders often seek additional confirmation before acting, such as a continued movement toward the reversal. For instance, in a Bullish Hook Reversal, they might enter a long position when subsequent candles continue to rise. Stop-losses are commonly set just below the low of the second candle in a bullish reversal or above the high in a bearish reversal to manage risk effectively.
Triple Gap (San-ku) Candlestick Pattern
The Triple Gap (San-ku) candlestick pattern is a notable formation in candlestick chart pattern analysis, often signalling an impending trend reversal. It emerges through three consecutive candlesticks, each marked by gaps between them, reflecting a buildup of momentum. Typically, at least two of these sessions feature notably large candles.
In recognising the San-ku, traders view it as a caution against the prevailing trend's sustainability, acknowledging that such accelerated momentum cannot persist indefinitely. This pattern does not pinpoint the exact reversal moment but indicates its likelihood shortly. Prudent traders often wait for further confirmation, such as a change in direction, before adjusting their positions. Stop-loss orders are strategically placed above a swing high/low to minimise potential losses if the anticipated trend reversal does not materialise promptly.
Kicker Candlestick Pattern
In stock analysis, candlestick patterns like the Kicker play a crucial role. This pattern is characterised by a drastic change in market sentiment, reflected by two candles moving in opposite directions. The first candle follows the current trend, while the second moves sharply in the opposite direction with a price gap, which strengthens the reversal signal.
The Kicker is considered one of the most powerful reversal indicators. For a bullish kicker, traders might initiate a buy when the second candle's upward trend is confirmed, while in a bearish kicker, a sell is considered when the market continues trading downwards after the second candle. Stop-losses are often placed just beyond the start of the second candle to manage risk.
Three Line Strike Pattern
The Three Line Strike pattern, in the realm of trading candlestick analysis, is a unique trend continuation signal. It consists of three consecutive candles following the current trend (either bullish or bearish), followed by a fourth candle that strikes through the range of the first three.
A bullish Three Line Strike starts with three rising green candles, followed by a long red candle that closes below the first candle's open price. This reflects a temporary pullback before the uptrend resumes. Conversely, in a bearish pattern, three falling red candles are followed by a green candle that closes above the first candle's open price, indicating a brief upward correction before the downtrend continues.
Traders typically use this pattern to reinforce their confidence in the prevailing trend. Stop-loss orders are placed just beyond the fourth candle's extreme to protect against unexpected reversals.
Belt Hold Pattern
In the candlestick chart technical analysis, the Belt Hold stands out as a key reversal indicator. It’s characterised by a single, long candlestick that signals a shift in market momentum. In a downtrend, a bullish Belt Hold is represented by a long green candle, opening at its low and closing near its high. This reflects a possible shift to an upward trend. Conversely, during an uptrend, a bearish Belt Hold is identified by a long red candle, opening at its high and closing near its low, indicating a potential reversal to a downward trend.
Traders typically look for additional market confirmation after a Belt Hold emerges before executing trades. For risk management, stop-loss orders are commonly placed just past the extreme end of the Belt Hold candle.
Concealing Baby Swallow
In candle technical analysis, the Concealing Baby Swallow is a rare but noteworthy bearish continuation formation. It consists of four candles in a downtrend, where the first two are black Marubozu candles (candles without shadows), indicating strong selling pressure. The third candle, also black, opens with a gap down. The fourth candle completely engulfs the third and closes within the first candle's body.
This pattern may reflect a strong continuation of the bearish trend, with the fourth candle's engulfing nature indicating the concealment of any bullish attempt to reverse the trend. Traders often interpret this as a signal to maintain or initiate short positions, with stop-loss orders set above the high of the fourth candle.
On-Neck
The On-Neck is a bearish continuation formation in candlestick charting. It typically emerges in a downtrend and is composed of two candles: the first is a red candle, followed by a green candle. The second candle opens lower than the first candle's close and closes near the low or close of the first candle but not below it, creating a pattern that resembles a neck.
This pattern indicates that selling pressure remains dominant despite a brief bullish interlude. Traders often view the On-Neck as a confirmation to continue or initiate short positions, expecting the downtrend to persist. For risk management, a stop-loss is usually placed just above the high of the second candle to protect against potential trend reversals.
The Bottom Line
In conclusion, mastering these advanced candlestick patterns may potentially enhance trading strategies. Each pattern provides unique insights into market dynamics, offering traders valuable tools for decision-making. To apply these concepts in real-world trading, consider opening an FXOpen account, a broker that provides robust platforms and resources to support your trading journey.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Earnings Expectation for 2/1: $AMZN $META $AAPLAmazon ( NASDAQ:AMZN ):
"Amazon is slated to report its quarterly earnings, and investors are keenly anticipating the results. Historically, Amazon has shown robust growth in its e-commerce and cloud computing segments. However, with the global economic shifts and supply chain challenges, it will be important to scrutinize any changes in consumer behavior affecting sales volume and any cost impacts on Amazon's vast logistics network. Investors will also look closely at the performance of AWS, Amazon's cloud division, which is a significant profit driver. Additionally, any strategic updates on Amazon's ventures into new markets or updates on regulatory challenges will be critical. While analysts have set certain expectations based on these factors, the actual earnings will offer a comprehensive view of Amazon's resilience in the current economic climate."
Meta Platforms ( NASDAQ:META ):
"Meta Platforms, formerly known as Facebook, is approaching its earnings release amid a transformative period for the company. With a strategic pivot towards building the metaverse and investing heavily in AR/VR technologies, investors are watching for the impact of these expenses on Meta's bottom line. The advertising business remains the company's revenue backbone, and any shifts in ad spend due to economic headwinds or competition from other platforms will be under scrutiny. Additionally, regulatory pressures and data privacy concerns continue to be areas of focus that could affect Meta's operational approach. Market participants are eager to see how these factors translate into financial performance."
Apple ( NASDAQ:AAPL ):
"Apple's upcoming earnings report is highly anticipated, considering the company's track record of innovation and financial performance. Key points of interest include sales figures for the latest iPhone models and the performance of Apple's services division, including the App Store, Apple Music, and subscription services. Supply chain constraints and chip shortages have been a concern for the tech industry, and any commentary on how Apple has navigated these issues will be important. Furthermore, Apple's guidance on future product launches and its expansion into emerging markets like India could provide insights into the company's growth trajectory. Investors will compare the reported figures against analysts' predictions to gauge Apple's market position and outlook."
AMZN | Bullish trend continues, stay longObservation Summary: Strong bullish trend continues and on 4H and 1D, new HL formed with strong bullish candles. Price is above 200 EMA and Bullish trend line has been respected. The last retracement of Fib at 38.2% level also concides with support zone between 154.50 - 155.50. With a decent SL at 149.40, a long entry could be done with target of 172.
Anticipation:
~ A hidden bearish divergence was noticed but that might have been absorbed by the FIB retracement.
~ Multiple bullish signals exit and price action is showing a strong bullish move on multiple time levels.
Trade Plan:
~ PLAN A: Long (@ Market)
~ EN: 156.8
~ SL: 149.40, TP1: 166, TP2: 172
Amazon Update: Did we top?As you can see from the chart, we just barely poked above my target box / the 1.618 extension which is a very common endpoint for an ABC pattern. Another thing that gives me confidence we are in fact in a corrective pattern, MACD made its high during the A wave you see on the left side of the chart. If this was impulsive, we should have made a new high on MACD by now. Not to mention the choppy price action we have been seeing in this structure.
All this being said, we dropped 55.55% from the all-time high. Thats significant for a wave IV. As you can see, there is a turquoise (C) at the bottom middle of the chart suggesting wave IV is already complete, and we're headed up for our wave V. I find this unlikely given the state of the indices / overall health of the economy but not impossible. My main thesis is this raise from the $83 low has all been for wave ((B)) and we're about to head lower for ((C)). Should this be the case, we should drop with strength once we do top. The target for that drop will be the 1.0 extension @ $69.97...at the highest. Until we get some confirmation though, I can't say for certain. The structure of our next larger drop will give us our answers we seek.
Amazon... Rising Wedge inside of Rising A WedgeNASDAQ:AMZN FTC launces probe! 154P im sure is a bag for tomorrow .. lets see how they buy their way out of this one. NASDAQ:GOOG NASDAQ:MSFT
Top stock picks for the next years No 6 Amazon Inc.I am publishing a series of the best stocks with the highest growth rates that I expect over the next few years. Today with the Amazon share with a target price of 269$
Ex-wife of Jeff Bezos, MacKenzie sold $10 Bil worth of $AMZN
In the ever-evolving landscape of billionaire philanthropy, MacKenzie Scott, the ex-wife of Amazon's founder Jeff Bezos, stands out as a compelling figure. Her recent financial moves, particularly the divestment of approximately $10 billion worth of Amazon( NASDAQ:AMZN ) shares, have not only shaped her investment portfolio but also underscored her dedication to transformative philanthropy. As one of the top 5 oldest female billionaires at the age of 53, Scott's journey from a high-profile divorce to becoming a major force in global giving is captivating.
The Evolution of Scott's Wealth:
After her divorce from Jeff Bezos in 2019, Scott secured a 4% stake in Amazon ( NASDAQ:AMZN ), valued at around $37 billion at the time. However, recent regulatory filings reveal a strategic adjustment in her investment holdings. Over the past year, she has divested 65.3 million shares, equivalent to a quarter of her initial stake. Despite relinquishing a significant portion of her Amazon ( NASDAQ:AMZN ) shares, the company continues to dominate her financial portfolio, contributing to her current net worth of $37.6 billion, as reported by the Bloomberg Billionaires Index.
Philanthropy as a Driving Force:
What sets MacKenzie Scott apart is not just her wealth but her commitment to philanthropy. In the last five years, she has generously donated over $16.5 billion to more than 360 charitable organizations. This dedication to giving back is not just a testament to her financial success but also a demonstration of her values. Having signed the Giving Pledge in 2019, Scott has made a non-binding commitment to donate the majority of her wealth, showcasing a thoughtful approach to philanthropy.
A Remarkable Surge in Wealth:
Scott's financial trajectory is nothing short of remarkable. Within a mere two months, her net worth experienced a staggering increase from $24.4 billion to $34.9 billion, marking a notable 43.03% uptick. This meteoric rise in wealth is not just about accumulating assets but about utilizing them as a force for positive change in the world.
A Closer Look at Scott's Contributions:
One of the standout acts of philanthropy is Scott's recent unrestricted $12 million donation to Howard University College of Medicine. This generous contribution is set to establish an innovative center in collaboration with the College of Engineering and Architecture, marking her second significant donation to the institution. Scott's philanthropic endeavors extend far beyond a single institution, encompassing diverse causes that collectively received $2.15 billion in the past year.
Will The Federal Reserve Or Earnings Slow Down Amazon Next Week?Our quick look tonight is at Amazon.com stock. 17 January brought us a bearish signal at the closing price of 151.71. Of the 242 studied similar occasions, the stock successfully reverses downward 95% of the time over the next 10 and 25 trading days. For this instance to be successful, the stock will need to move below 151.71. So far the stock has basically ignored the signal and powered higher. Another thing I have noticed during my research is what I call a signal delay zone. This is when the signal fails to take hold right away, but the stock eventually abides by the signal. Today is currently 6 days post-signal and only have 4 days left to make the 10 day study a success.
The largest delay from a percentage standpoint has been a 2.097% move upward from the signal, before a success was still achieved within 10 days from the signal. The latest a 10 day signal saw the highest delay price and still was successful was eight days after the signal. We are currently 4% above the signal price which does not bode well for a drop over the next four days. Day 10 is January 31st, Federal Reserve decision day. Also after the close on February 1st is the annual earnings call.
There are three likely outcomes, AMZN continues to move up without looking back, the day 10 study fails and the day 25 is successful, or both day 10 and 25 studies become successes. A success will be logged if we reach and cross below the dashed yellow line. I have placed the 10 day success box on the chart as a yellow square. This box is the target bottom for 50% of all successful signals. The other larger green box is the 50% target box for the 25 day study. This provides most of February for AMZN to come down and remain successful in the study.
Applying my modified wave theory to the AMZN chart. My overall outlook is:
We are likely in the final fifth wave of the fifth wave of wave C in wave B. This basically means the stock and market are about to start more prolonged downward movement. This is bearish through the end of 2024. Not sure if we the debt bubble bursts, rate cuts are taken off the table "for now", shipping disruptions in the Red Sea come up during earnings calls or the Fed press conference, or something else causes the foreseen market disruption.
AMZN solid earnings high volume for 10 months Cup and HandleAMZN has risen lately above the lip of the cup of the pattern on this 4H chart. The pattern
suggests $ 50 USD upside or 35% beyond present price. The chart shows the buying coming
in once price reached a rounded bottom an began an uptrend. Earnings beats have been
significant especially compared with the miss a year ago. AMZN is like the massive river with
branches feeding the volume of the river's depth and breadth downstream. Its dominance
and resilience is impeccable like others in the titans of tech. Price is now in the ascending
bullish continuation portion of the handle. I see this as a setup for a long swing stock trade
as AMZN heads into the next earnings. Another long play is call options in five weeks at
$ 156 or six months expiration at $176 strike which is the head and shoulders pattern of 2021.
AMZN AnalysisPrice played out nicely as analyzed last week, giving us a +4.48% move to the upside, shy of hitting our target of the clean highs at 158.65. No changes to my expectations. I'm expecting the highs to be hit soon, but expect some consolidation or a bearish retracement from here.
