AMZN: Sell ideaSell idea on AMZN as you see on the chart after the breakout with force the support line by a big red candle with a large red volume.Thanks.
AMZ trade ideas
AMZN: Analysis: Sell ideaWe are in an uptrend. Looking at the configuration of the chart, buyers will find it difficult to go higher and higher. The latter will be out of breath to make way for the sellers. Sellers will only be able to gain the upper hand if and only if the vwap indicator and support line are broken forcefully by a large red candle and followed by large red volume. Therefore, we could enter a sell position as soon as the second red candle appears with large red volume.Thanks.
watch out for this bull flagamazn are going through a bullish continuation phase
look for a short squeeze in the pattern for upward movement
AMZN to $157.00 in less than a monthToday 9/13/2023 AMZN broke resistance at $144. The 8 hour time frame is showing a golden cross and all exponential moving averages above the 200 (orange line) & 50 day ema (pink line). To step it up for even more confirmation the 10 day ema (baby blue line) and 20 day ema (yellow line) shown by the blue and yellow lines also reflect a bullish break of structure. Our target prices to look for are: $147.27 the upside before we potentially break $150, and if we fall expect the ticker to hold at $138.16 to the downside for solid support in the supply zone.
Before 9/15/2023 we want to see AMZN above $145.19.
The question is why is AMZN so bullish?
Theoretically it could be based on the momentum of ADBE reporting earnings on the evening of 9/14/2023.
The next thought is the demand of AMZN web services and increase of it's AI innovation for the ecommerce aspect of the company.
Many are calling for $160 before the end of November. What are your thoughts?
W Pattern//Weekly ChartW patterns can be profitable on the 4th leg which is UP.
If this leg is over, then this is a Bat that ended at the .886.
The alternate Bat terminates at the 1.113 so one can only wait and see if the resistance holds.
There is also a Rising wedge that is not valid at this time.
No recommendation
AMZN: Sell ideaSell idea on AMZN as you see on the chart because we have the breakout with force the support line and the vwap indicator by a big red candle with a large red volume.Thanks.
AMZN: We'll see if 140 has legsAMZN strongest name in discretionary recently and impressive outeprformance here as it makes new highs off the 140 handle, I'll be watching to see if there's any continuation here.
AMAZON - 3 year old trendline broken?! See it on the chartHello, traders, investors and community! Today i am taking a sharp look on the retail-giant AMAZON and what we can expect in the next weeks and months! So lets start, looking on the weekly chart of AMAZON you can see this long trendline which begun january 2015 and ended october 2018 with a sharp decline in price, you can see it on my chart. It is marked with the two blue trendlines , one is straight and the other one is striped.
So what does AMAZON do now?! We have a huge resistance above us at the 2000 - 2050 level which you can see in striped red trendline in the chart. This is a critical zone for AMAZON because when we get rejected there, the possibility for an double top gets nearer. You can also see this huge red selling volume at the break-out of that important trend-line signaling a shift in price action and heavy selling volume . If the highly possible scenario that we get rejected a second time at the 2000 - 2050 level kicks in a double top will form with targets at 830 - 840, you can see it on the chart with price projection.
Also the RSI sets some bearish tone for the overall outcome, you can see in my chart that it touched the overbought area several times the last years without coming back. Now RSI struggles to make new highs in the overbought are and is consolidating in the middle range, a possible scenario is here when we see new decline in the price that RSI also falls back out of the channel which you see in the chart.
The overall tone is bearish despite that AMAZON makes some bull-moves the last time. Normally you see this on a top before other declines happen. The fact that this major trendline which held for 3.75 years is broken makes the big picture for AMAZON look ugly.
But, however, as traders we can also make money with falling prices. But this andvantage should not be taken for granted, it should be done smart and with the right look for market conditions!
I hope you enjoyed this analysis on AMAZON! See you.
Information provided is only educational and should not be used to take action in the markets.
Thank you.
amazon in daysWe notice that the market has reached the resistance price, and we are in the month of September. I think the Amazon index has declined
amzn cup and handlecup and handle is forming in amazon and is trying to break free
a very likely upward continuation to current bullish moment
lets hope amzon will keep doing what theyre doing and not screw up
be mindful anything can happen
Part 2 of 7 Mega Cap Tech stocks | QQQ SPY Forecastsupport & resistance guide 7 Mega Cap Tech stocks | QQQ SPY Forecast
AMZN Short Amazon has exhibited a consistent upward trajectory over the past few months and has reached resistance.
amzn creating handle of cup #amzn had good back test at 130.55$ than broke out shoulder 136.7$.
Weekly look like creating a HANDLE . If can break out 140$, i believe it will play out this handle to get target 144$ up to 146$.
This plan will be failure if #amzn fall below 136$
Support 137.9$
Emerging Rising Wedge Pattern on AmazonA rising wedge pattern was identified two days ago, on 9/2 at 15:30.
This pattern is currently in the formation stage.
The entry level for this trade is pegged at 139.96, with a stop level of 130.59. The anticipated target level is 156.72, with a target period of 45 days, suggesting a potential bullish price movement towards this resistance within the next 46 days.
The expiration date for this trade is set for the 20th of October.
Why are Emerging Patterns Useful for Trading?
Emerging patterns, like the rising wedge, are valuable in trading for several reasons:
They are often formed based on historical price movements and behaviours, giving traders insight into possible future price directions.
Recognizing such patterns early on allows traders to set entry, stop, and target levels with greater confidence, thus managing their risk more effectively.
Patterns provide a structured approach to trading, allowing traders to make informed decisions rather than trading based on emotions or gut feelings.
These patterns also offer a glimpse into the market's collective psychology. For instance, a rising wedge, though typically seen as a bearish pattern, can indicate a bullish move in certain contexts, revealing prevailing optimism among traders.
AMZN looks appealing as a longAMZN price is above all EMA's along with 10W EMA. As long as the Price stays above $133.50,
Target of $143 and $146 are achievable. Close above $146 sets stage for $151.
Close below $133.50 will set target $126 and $122
AMZN Short: KarmaI've written about this before recently. There can be no hope for AMZN because of the woke agenda for their shows. Similar to Disney. Of course, Disney is currently suffering a worse fate in terms of the stock price. But I am confident that it will crash even more.
Part 2 of QQQ SPY FORECAST | 7 Mega cap TechWelcome to the daily stock market Mega Cap 7 Tech stock, Nvidia Microsoft Google Apple Amazon Meta Tesla Stock, Technical Analysis Show where I break down the price action and let you guys know what the most likely scenario I think will be going forward.
- Support & resistance Guide
- Stock Market QQQ & SPY confirmed daily uptrends
- Stock market Bears first step is an hourly downtrend
Bull put spread on AMZN for OctoberI got 9 check marks on this one.
.65 limit credit on the 120/115 bull put spread.
This is regular october expiration.
I love it
AMAZON Buy signal with a Double Target.Amazon Inc (AMZN) is trading within a Rising Wedge pattern and last week made the new Higher Low on its bottom. At the same time it hit the 1D MA50 (blue trend-line) and technically it is staging the new bullish leg.
With the 1D MACD about to form a Bullish Cross, we get a buy signal similar to May 09. As a result we are initially targeting 156.50 (+20.25%) and 164.00 (+26.15%) in extension.
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Long AmazonLong Amazon here just broke out of 1h range and diagonal targeting highs im wrong if it breaks back into 1h range in which case i but at range lows.
$AMZN Setting UpNASDAQ:AMZN looks interesting pulling back after its earning gap up.
* Earning gap up on volume
* pullback to 50 MA
* Closing the gap on much lower volume
* Stabilizing and turning back up
PART 2 SPY QQQ + 7 Mega cap TECH stocks ForecastPART 1 SPY QQQ + 7 Mega cap TECH stocks Forecast Technical analysis
Amazon stock has been breaking through all the way upAmazon stock has been breaking through all the way up
This figure shows the weekly candle chart of Amazon stock for the past three years. The top to bottom golden section of July 2021 is superimposed in the figure. As shown in the figure, Amazon stock has been breaking through all the way up since the end of January this year and completing the top to bottom shoulder positions in mid March. It has now reached the top to bottom golden section above 1.000, very close to 0.809, but has not reached the high point of the short start position in mid August 2022! So, in the future, we will use this high point and the 1.000 level of the top to bottom golden section in the graph as the long short range, with high selling and low buying within the range, and chasing up and selling out of the range!
