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Amazon (AMZN) Long Side Analysis: Staying Bullish with CautionHey Again Folks! Just wanted to share some thoughts on Amazon (AMZN) — I’m still leaning on the 🔵 long side here, but keeping a close eye on a few key levels. Right now, AMZN is sitting around the $206-210 range, and it’s getting close to that resistance up at $213 🟢. This has been an important level before, so I’m watching to see if we can push through it with some strength 💪. If we get a strong breakout above $213 🔥, I think the next target to watch is around $236 📈. That area lines up with previous highs and could be the next stop if this momentum keeps up. But if we hit resistance and start pulling back, I’ll be watching the lower boundary of the channel and especially the $190 zone for support 🛠️.
NASDAQ:AMZNLong
by QuantumFusion
Amazon Prepares for Strong Holiday Season GainsAmazon has recently reached new all-time highs, signaling robust performance fueled by strong consumer demand as we approach the holiday season. The stock has traded above the critical $200 level, demonstrating strong momentum that positions it well to capitalize on winter sales activity. However, valuation concerns linger due to its high-profile status alongside companies like Apple, which could temper enthusiasm in the broader market context. - Key Actionable Insights: Investors should monitor Amazon's ability to maintain its upward trajectory, particularly as it approaches resistance levels around $230-$250. With the upcoming holiday sales expected to boost revenues, now is a critical time to evaluate entry points. Set alerts for price movements surrounding these key levels and consider taking action if favorable trends continue. - Sentiment Analysis: The current sentiment for Amazon stands at 45.95, reflecting a 3.69-point increase from last week's sentiment of 42.26. With total mentions across sources at 22, this positive shift suggests a growing bullish perspective among analysts and traders, indicating potential investor confidence in Amazon's performance. - Summary of Expert Opinions: Experts remain optimistic about Amazon's outlook, particularly given the recent partnership with AWS and Anthropics to strengthen its AI capabilities. Analysts cite the company's strong position for holiday season sales and a projected price target boost to around $230, signifying that the stock could continue to thrive even amid broader market volatility. - Technical Levels: Based on the wisdom of all professional traders, immediate target levels for Amazon are set at $220 (target 1) and $250 (target 2), with recommended stops at $205 (stop 1) and $200 (stop 2). Longer-term ambitions include a target of $250, expected within the next few weeks as the holiday shopping season ramps up. - Notable News: Recent headlines highlight Amazon's expected strong performance during the holiday season, alongside Jeff Bezos's substantial stock sale, which has raised some eyebrows regarding insider confidence. Additionally, the integration of advanced AI strategies positions Amazon as a competitive player in the tech space, further solidifying its market viability going forward.
NASDAQ:AMZNLong
by CrowdWisdomTrading
AMZN Technical Analysis for Nov.11, 20241. Trend and Price Channels Looking at the 1-hour chart, AMZN is in a strong upward channel. The stock recently tested a high of around $212.25, but has since pulled back slightly. The support line on this upward channel is holding well, keeping the bullish momentum intact. We should watch for a break above $212.25 for continuation, with the next potential target around $215 if the momentum sustains. 2. Moving Averages (EMA) The short-term EMAs, such as the 9 and 21 EMA, are showing a steady upward slope, reflecting strong bullish sentiment. As long as AMZN remains above these EMAs, the trend should stay positive. For scalpers, buying near the 9 EMA could offer good entry points in an uptrend, but a close below the 21 EMA might suggest caution as it may indicate a pullback. 3. Momentum and Volume The recent rally was supported by decent volume, but volume has tapered slightly. This reduction could signal a cooling period or consolidation. The MACD and RSI (not shown here) can provide further insights. For a short-term view, if MACD shows bearish divergence or if RSI enters overbought territory, it could mean a pullback is imminent. Swing traders should consider entering after a confirmed breakout above recent highs with strong volume to minimize risk. 4. Key Support and Resistance Levels Immediate Support: Around $208.20 (current bid level) Secondary Support: Near $200.34 Resistance to Watch: $212.25 (current high); beyond that, look for $215 Trade Suggestions Scalping: For scalpers, consider entering long positions on pullbacks to $208 - $209 with a target back toward $212. If price action shows weakness near $212, shorting briefly could be viable, but this is higher risk given the overall uptrend. Swing Trading: If AMZN breaks above $212.25 with strong volume, consider a swing trade targeting $215 or higher. A break below $200 could signal a deeper pullback or consolidation, so manage risk accordingly. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always perform your own research or consult with a financial advisor before making trading decisions.
NASDAQ:AMZN
by BullBearInsights
AMZN Poised for Breakout or Pullback? Key Levels to Watch!Analysis: Channel Trend: AMZN has been trading within an ascending channel, showing a consistent upward trend over the past week. The price recently tested the upper trendline of the channel, indicating strong bullish momentum but also a potential point of exhaustion. Volume Analysis: Volume has been decreasing slightly during the most recent rally, suggesting possible weakening buying pressure. Watch for a volume spike as confirmation of a breakout or potential reversal. Moving Averages: The 9 EMA and 21 EMA are providing dynamic support, with the price currently trading above both. This indicates strong short-term bullish sentiment. However, a break below these EMAs could signal a potential pullback. Key Support and Resistance Levels: Immediate Resistance: $212.25 (Recent high and upper channel boundary) Support Levels: First Support: $204.41 (previous breakout level) Second Support: $200.43 (psychological and strong support zone) Critical Support: $197.57 (breakdown level below which the bearish sentiment could accelerate) MACD Analysis: MACD is currently bullish, but the lines are converging, hinting at potential momentum loss. A bearish crossover could indicate a pullback or consolidation phase. Price Action Expectation: Bullish Scenario: If AMZN breaks above $212.25 with increased volume, it could test the next psychological level of $215. Monitor the breakout and watch for a retest of the upper channel as confirmation. Bearish Scenario: Failure to hold above $204.41 could lead to a pullback towards $200.43, where buyers may step in. A break below $197.57 could shift the momentum to the downside. Conclusion: Given the broader market rally over the last two days, AMZN may continue its upward momentum. However, traders should watch for potential resistance at the upper trendline and be prepared for a possible pullback, especially if volume does not support the current rally. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please perform your own research or consult with a financial advisor before making trading decisions.
NASDAQ:AMZN
by BullBearInsights
AMZN pullback to $196MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. Bonus if a TTM Squeeze in in play. I hold until target is reached or end of year, when I can book a loss. So... Here's why I'm picking this symbol to do the thing. (Buy puts or buy AMZD) Price at top of channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at overbought level VBSM spiked positive Price at Fibonacci level In at $205.25 Target is $196 or channel bottom Stop loss is $208
NASDAQ:AMZNShort
by chancethepug
2
Amazon: Significant Breakout!The resistance at $189.76 has recently been a major hurdle for the AMZN stock. Since April, the price has essentially been moving sideways along this level, with each breakout attempt being sold off. As envisioned by our primary wave count, the stock has now managed a breakout above $189.76, developing a first impulsive move toward a new all-time high. We expect a more substantial correction only after the larger beige wave III has found its top at a higher level. An earlier sell-off remains possible as part of our 30% likely alternative scenario: this alternative count suggests that the recent peak was the top of the beige alt. b wave, which would lead to a pullback below $145.86 and a fresh low of the overarching blue wave alt. (IV).
NASDAQ:AMZN
by MarketIntel
AMZN Today Nov. 7, 2024Price Action & Trend: Amazon is following an ascending channel pattern with a series of higher highs and higher lows, suggesting a strong uptrend. The price is near the top of the channel, indicating potential resistance. If it breaks above this channel on high volume, it may continue the bullish momentum. Otherwise, it could face selling pressure and move back down toward the lower trendline. Key Levels: Resistance: Around $208. This level is just under the top of the channel, so it may act as a strong resistance zone. A breakout above $208 with solid volume could indicate further upside potential. Support: Around $200 - This is the first support level within the channel and a potential area where buyers might step in on a pullback. Lower Support Zone: Around $197 and $194 - These levels serve as additional support in case of a deeper pullback. Volume & Momentum: Volume seems to increase on upward moves, supporting the bullish trend. However, it’s crucial to monitor for potential volume decline if AMZN tests the resistance. MACD shows potential overbought conditions, indicating a chance for a pullback or consolidation. Watch for a bearish divergence if momentum weakens near the channel top. Potential Scenarios: Bullish: If Amazon breaks above $208 with significant volume, it may continue to rise. Intraday traders could consider entering on a confirmed breakout, targeting further upside within the channel's extension. Bearish: If AMZN is rejected at the $208 resistance, it could drop to the $200 level or lower support zones, presenting potential shorting opportunities on rejections at resistance or a breakdown below $200. Disclaimer This analysis is for informational purposes only and is not financial advice. Always do your own research or consult a financial professional before making trading decisions. Trading involves risks, and past performance is not indicative of future results.
NASDAQ:AMZN
by BullBearInsights
$AMZN IS ABOUT TO EXPLODE! BUY NOW OR FOMO LATERNASDAQ:AMZN 💥 NASDAQ:AMZN IS ABOUT TO EXPLODE! 💥 I first called out NASDAQ:AMZN on October 21st as it was setting up for a huge move and CupnHandle breakout. Here's 3 reasons to not miss this investing or trading opportunity. Price targets at the end. 1.) HIGH FIVE SETUP (Check the numbers below and you will see. 1-Breaking out of cupnhandle & symmetrical triangle pattern. 2-Volume profile gap from a volume shelf. 3-Uptrending MACD. 4-Higher Highs on RSI. 5-Uptrending Stoch. (trend). 2.) #Amazon margins and FCF are growing rapidly and will continue this uptrend heading into the holiday season with a RESILIENT AMERICAN CONSUMER. 3.) It's a BUY according to the fundamentals especially when valuing this company according to it's Discounted Cash Flow (DCF). Intrinsic Value: $250 🎯PT1: $231 (Symmetrical triangle measured move) 🎯PT2: $310 (Multi-year CupnHandle Measure Move) Are you a shareholder? or Are you trading this name? I'm done for the day! Going to be with my wife on her birthday and go trick or treating with my boys. Thanks for all the support, much love! LIKE l FOLLOW l SHARE HAPPY HALLOWEEN! #Earnings NFA
NASDAQ:AMZNLong
by RonnieV29
5
Amazon (AMZN): Approaching critical resistance!Amazon continues its impressive rise, moving out of our initial sharp Wave (2) scenario. Despite the bullish momentum fueled by last Thursday’s earnings report, we remain cautious and are still leaning towards a potential larger pullback. The company showed strong performance in key segments, with CEO Andy Jassy’s strategic focus on expenditure and cost-cutting delivering an 11% revenue increase to $158.9 billion, surpassing analysts’ expectations. Now, Amazon has reached our second key turnaround zone, between $201 and $220. A move higher would invalidate our bearish outlook, but until then, we are preparing for a potential pullback and targeting lower entry points to capitalize on future upward swings. The stock has recently posted a nearly perfect equal high, alongside a bearish divergence, which could signal an upcoming correction. The looming U.S. elections could inject significant volatility into Amazon’s price action, with potential wicks forming in either direction. While a move up to $220 would still be considered valid within this structure, we are closely monitoring these levels. As always, we will update you once the bearish scenario is confirmed or invalidated.
NASDAQ:AMZN
by freeguy_by_wmc
AMAZON | AMZN , Jeff is back? While Jeff Bezos, fiancée Lauren Sánchez have star studded engagement party on his $500M yacht Amazon has just reported its Q2 2023 earnings result, EPS of 65 cents is not comparable on YoY basis nor to consensus due to the company booking some gains related to its Rivian Automotive, Inc (RIVN) investment. Revenue of $134.3 billion beat consensus by about 2% while showing a YoY jump by nearly 11%. As an immediate reaction, the stock is up nearly 8% after-hours, although this can turn on a dime.I wrote in my preview that Amazon still remains a revenue story and to pay attention to Q2's actual revenue and Q3's revenue guidance. Amazon hit it out of the park on both counts, with Q2 revenue showing an 11% jump and Q3 guidance of $138 billion to $143 billion, easily upping the consensus of $138.29 billion. As a direct effect of the company reining in on its expenses, Amazon's Free Cash Flow ("FCF") in Q2 2023 improved to almost $8 billon compared to -$23.5 billion in Q2 2022. Headcount is now down 4% YoY.Advertising, which I've highlighted as the next growth driver in many of my past articles, was up 22% YoY. But, more importantly, resumed its upward trajectory on a quarterly basis. Advertising services revenue showed continuous QoQ improvement until the first blip in Q1 2023. Whether Q2's upsurge is a new trend remains to be seen, but it is encouraging that Q2 did not follow Q1 down. I am also glad that my prediction that advertising will cross $10 billion in sales came true.It appears like retail has finally stopped bleeding profusely to avoid wasting all the gains from AWS and Advertising. In my view, retail is just their medium to sell their ecosystem, and this is acceptable to me. Heading into earnings, Amazon stock was almost into the oversold territory with a Relative Strength Index ("RSI") of 37. Revenue beat and guidance should help the stock garner more analyst support in the upcoming days, and I fully expect the stock's almost-oversold conditions to be in the stock's favor as it has plenty of room upwards technically. The after-hours move has also helped the stock clear all of the commonly used moving averages.AWS's revenue and operating income appeared to be on a perennial, mid-double-digit growth trajectory until recently. However, Q2 saw AWS' sales increase by "just" 12% while operating income fell by more than 5%. It is in this context that advertising services becomes even more important. While $22 billion is strong, it fell well short of the $25 billion I predicted, as the company aims to cross $100 billion in 2023 AWS revenue. The stock was already up 50% YTD heading into earnings and the run appears set to continue. I am not complaining as a long, but it shouldn't surprise anyone to see the stock pullback from the highs given the market's shaky behavior the last few days. Overall, Q2 results are much better than Q1, and that shows in the stock's performance, at least as shown in the after-hours price movement. However, Amazon has never been a single quarter or single year story for me. Amazon's ecosystem is enough reason for me to continue believing in the company long-term. The ability to leverage multiple products and services across the entire organization is not something any company can build overnight. In fact, even Amazon has taken nearly 30 years to be the company that it is today
NASDAQ:AMZN
by moonypto
5
Be careful with Amazon !!!In my opinion, the shares of this company should be 1.5% lower than the current price, which means at $186.5 . So, any correction in the shares of tech giants is an opportunity for investment entry.... ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
NASDAQ:AMZN
by CobraVanguard
1
Pulse of an Asset via Fibonacci: AMZN at ATH Impulse Redux"Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the sellers still there? Enough to absorb the buying power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected on at least first approach if not several. Part of my ongoing series to collect examples of my Methodology: (click links below) Chapter 1: Introduction and numerous Examples Chapter 2: Detailed views and Wave Analysis Chapter 3: The Dreaded 9.618: Murderer of Moves Chapter 4: Impulse Redux: Return to Birth place <= Current Example Chapter 5: Golden Growth: Parabolic Expansions Chapter 6: Give me a ping Vasili: one Ping only . . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse. each line Gains its Gravity. each line Tried and Tested. each line Poised to Reflect. every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms. He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos. Ordered Chaos . . . want to Learn a little More? can you Spend a few Moments? click the Links under Related.
NASDAQ:AMZN
by EuroMotif
1
Amazon (AMZN) - Potential H&S Reversal, Watch for BreakdownOverview: Amazon (NASDAQ: AMZN) appears to be forming a Head and Shoulders pattern, which is often a bearish reversal indicator. The left shoulder, head, and right shoulder are clearly defined, with the neckline situated near the $180-$176 zone. If the price breaks below this area, it could signal a larger move downward. Technical Setup: Pattern: Head and Shoulders Neckline Support: ~$180 - $176 (critical support area) Trendline: Red ascending trendline, currently serving as additional support Target Zone: Potential drop toward $168 or lower if the pattern confirms Price Action: The recent pullback from the right shoulder aligns with the overall pattern, and a daily close below $176 could confirm the reversal. Watch for a bounce off the neckline for a potential short-term trade; otherwise, a breakdown could lead to a deeper correction. Risk Management: A sustained move above the right shoulder (~$190) would invalidate the bearish setup and suggest a continuation of the uptrend. Catalysts: Upcoming earnings and market sentiment around consumer spending could influence the stock’s direction, potentially acting as a catalyst for the breakdown or reversal.
NASDAQ:AMZNShort
by Killahherb
1
AMZN 50%+ UPSIDE!!! CUP N HANDLE PATTERN! BREAKDOWN BELOW:NASDAQ:AMZN #Earnings #BlackFriday I PRESENT TO YOU: 🎁 🔜 THE NEXT 3T MKT CAP COMPANY Behold the beautiful CUP 🍵& Handle 👌#chartpatterns #trading #tradingstrategy #Stock This tea is going to taste delicious when we finally break over $201.20. NASDAQ:AMZN has been a laggard and it's time for them to play a little catch up! 🧧 Not much explaining needed with this one...Cup n Handle breakout means we are going to the measured move destination of...🥁🥁🥁....$310.69 ‼️‼️‼️ CATALYST: 😼 ✔️Continued AWS growth and dominance! ✔️Stellar holiday quarter (best quarter of ea. year) ✔️MONEY PRINTER (ATH Free Cash Flows (FCF) ✔️Better margins and #3 player in Ad space! NASDAQ:AMZN is a 17% in my LT portfolio. Also, I have several options plays on this name. Gonna be a fun ride! 🎢 Like and follow for more great charting and stock talk! Not financial advice 🖖 NASDAQ:QQQ AMEX:SPY AMEX:IWM NASDAQ:BIVI
NASDAQ:AMZNLong
by RonnieV29
5