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AMZ trade ideas

AMZN LONG (Breakout triggered)AMZN today bounced again hard off the 50SMA and the bottom of the channel. $135.04 key level for NASDAQ:AMZN As long as it holds that, it's on track to hit 147.69 and 152-156 (channel top) next. Regardless of SPY/QQQ pullback recently - this has had relative strength and while some like AAPL are losing their status - GOOGL & AMZN have alot of catchup to do. Originally I went long on this at $100 targeting 135 because of all the put writes. Once we built a base at 135 now continued upside with October and November flow seems likely The stop loss on this trade is easy - would be a couple of closes under 127.
NASDAQ:AMZNLong
by Jovan888
1
THE MARKET IS MARKETINGDXY got a shot in the arm so commodities and indexes are falling. Although, I don't know how long it's going to last... Is this the end of the S&P's new all-time high? Will USOIL rise back into the 80's? Market sentiment can change in an instant. Bitcoin reached 50k and then retreated to 48.4k. It's now consolidating. Maybe we get a pullback to 49.3k or we continue the fall to trendline support at 44.3k. Gold is at a strong support as well around 1992k. I see a potential pullback to 2020k and potentially to the high end of the range to 2060k. If 1990 holds, we can ride the uptrend. If 1990 breaks, and rejects after a retest, we could see 1960 within the next week or two. If gold continues the break below 1925, we could be on the way to 1775k with a minor support in between at 1862.
NASDAQ:AMZN
by Eli_Jah
Amazon (AMZN) Technical Analysis and Trade Idea#AMZN has demonstrated a robust bullish trend, recently leaving a notable price gap between 167 and 162. Given the extended move, a retracement back into this gap appears likely as the market seeks equilibrium before March. Potential Trade Setup: - Entry: Consider a short position near the current range high. - Stop Loss: Employ a stop loss 1.5x the Average True Range (ATR) on the daily (1D) timeframe. - Rationale: This setup targets potential overextension and aligns with the anticipated price rebalancing. Important Disclaimer: This analysis reflects my personal market interpretation and does not constitute financial advice. Always conduct your own independent research and thorough risk assessment before making any trading decisions.
NASDAQ:AMZNShort
by tradingwithanthony
Amazon Update: This chart is full of contradictionsAs the title suggests, this chart is not being friendly right now to say the least. I apologize for the messy graph, but there is so many possibilities right now it's ridiculous. The thing that is throwing me off, and making it hard to narrow down a count, is the MACD. The fact that it made a new high on 02 Feb really threw a wrench in things. Normally in a corrective count, the a wave should have the highest reading on MACD. Until that high, what I was calling the A wave did hold the highest reading. Hence the wrench. Let's start by trying to simplify this thing. There are three main options for us to chose from. White count - Price is topping in primary ((B)) wave Turquoise ALT - Price is topping in wave 1 of larger V Orange ALT - Price is in wave 3 of i and has a target of $187-$212 The white count is starting to become less and less likely IMO. MACD is the primary reason for this. It is suggesting Cycle wave IV completed on 05 Jan 2023, and is now suggesting we're in a new bull run with the recent high. Turquoise count is supported by fib levels and somewhat MACD. I am leaning slightly towards the orange count vs this one. Orange count gets most of its support from MACD. As I have said in the past, MACD usually gives the best hints as to where price has intentions of going. It's no sure-fire thing as no one indicator is. It has been more accurate & insightful than any other indicator that I have used though. If this count is correct, then it suggests we're in a mini-wave 3 of i with a couple smaller 4's & 5's yet to come inching us up to the orange target box. We would then start a wave ii retrace to the $130-$150 area. As said above, the Amazon chart is very messy right now and not one I am willing to put my resources towards. If you're currently trading it, just make sure you have your stops set to protect your assets. If something crazy happens I will update again soon, but if not than it won't be until next week when I have more data that I will make a post on it again. P.S: There is no clear winner as of now between the orange and yellow fibs. Don't forget, beginning February 23rd, I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.
NASDAQ:AMZN
by TSuth
2
Jeff Bezos' $2 Billion Amazon Stock Sell-Off: What Does It Mean?Amazon.com's ( NASDAQ:AMZN ) iconic founder Jeff Bezos recently offloaded approximately 12 million shares of the tech behemoth, amassing a staggering $2 billion in the process. This significant divestiture, disclosed in a regulatory filing last Friday, marks the commencement of a meticulously planned sell-off strategy laid out by Bezos himself, raising eyebrows and prompting speculation about the future trajectory of both the company and its visionary leader. The timing of Bezos' share sale, strategically spread over two days—Wednesday and Thursday of last week—coincided with Amazon's ( NASDAQ:AMZN ) announcement regarding his intention to part ways with up to 50 million shares in the firm. This calculated move underscores Bezos' commitment to diversification and risk management, while also fueling conjecture regarding his long-term strategic vision for Amazon ( NASDAQ:AMZN ). According to Amazon's latest annual report, the sale plan was initiated on November 8, 2023, with a stipulated completion date of January 31, 2025, subject to certain conditions. This meticulous planning highlights Bezos' astute financial acumen and his proactive approach to wealth management, ensuring a smooth transition of assets while maintaining his position as a key stakeholder in the company he famously founded as an online bookseller in 1994. Bezos, who relinquished the reins of Amazon's day-to-day operations in 2021, assuming the role of executive chairman, continues to wield considerable influence within the organization. With a net worth exceeding a staggering $200 billion, as per the Bloomberg Billionaires Index, Bezos remains an indomitable force in the global business landscape, shaping Amazon's strategic direction and cementing his legacy as one of the world's foremost entrepreneurs. Despite Bezos' unprecedented success and unwavering confidence in Amazon's prospects, his decision to liquidate a substantial portion of his holdings raises pertinent questions about the company's growth trajectory and the broader e-commerce landscape. As Amazon ( NASDAQ:AMZN ) faces intensifying competition and regulatory scrutiny, Bezos' strategic maneuvering serves as a litmus test for investor sentiment and market dynamics in the post-pandemic era. While Bezos' stock sell-off may be perceived as a prudent move to diversify his investment portfolio and mitigate risk, it also underscores the evolving nature of his relationship with Amazon ( NASDAQ:AMZN )—a company he nurtured from its humble beginnings into a global juggernaut. As Bezos charts a new course in his entrepreneurial journey, navigating uncharted waters and exploring new opportunities, the Amazon ( NASDAQ:AMZN ) faithful await with bated breath, eager to witness the next chapter in the company's storied evolution. In conclusion, Jeff Bezos' $2 billion Amazon ( NASDAQ:AMZN ) stock sell-off symbolizes a pivotal moment in the company's history, emblematic of its founder's strategic foresight and unwavering commitment to long-term success. As Bezos redefines his role within Amazon ( NASDAQ:AMZN ) and embarks on new ventures, the legacy of innovation and disruption he leaves behind serves as a testament to his enduring legacy as a visionary leader in the digital age.
NASDAQ:AMZNLong
by DEXWireNews
Spanish High Court Suspends Fine on Amazon and Apple Spanish High Court has decided to suspend fines totaling 194 million euros imposed on tech giants Amazon ( NASDAQ:AMZN ) and Apple ( NASDAQ:AAPL ). The fines, initially levied by the Spanish antitrust watchdog CNMC (Comisión Nacional de los Mercados y la Competencia) in July, are now pending appeal, marking a temporary halt to what has been a contentious legal battle. The fines, amounting to 143.6 million euros for Apple ( NASDAQ:AAPL ) and 50.5 million euros for Amazon ( NASDAQ:AMZN ), were imposed following allegations of collusion between the two companies to restrict competition in the sale of Apple products on Amazon's platform within Spain. CNMC accused the companies of engaging in anti-competitive behavior by preventing third-party retailers from selling Apple products on Amazon's Spanish marketplace. The Appeal Process: Court Decision Suspends Fines Pending Appeal Both Amazon ( NASDAQ:AMZN ) and Apple swiftly announced their intentions to appeal the fines when they were first imposed. Now, with the Spanish High Court's decision to suspend the fines, the appeal process can proceed without immediate financial repercussions for the tech giants. An Amazon spokesperson clarified that the suspension of the fine is standard procedure during the appeal process and does not indicate the court's stance on the case. Contention and Defense: Differing Perspectives on the Allegations Amazon ( NASDAQ:AMZN ) and Apple have consistently defended their actions, arguing that their collaboration aimed to benefit consumers and enhance the availability of genuine Apple products on Amazon's platform. Amazon asserted that the agreement with Apple led to an increase in discounts on Apple devices, while Apple emphasized its commitment to protecting customers from counterfeit products. However, CNMC countered these claims, alleging that the agreement between Amazon and Apple contained clauses that stifled competition and limited the presence of third-party retailers selling Apple products on Amazon's platform. The regulator also accused Amazon of restricting the advertising opportunities for Apple's competitors on its website, further exacerbating the anti-competitive effects of the collaboration. Impact Beyond Spain While the focus of this case remains on Spain, its implications extend beyond national borders. A similar investigation was initiated in Italy against Amazon ( NASDAQ:AMZN ) and Apple, although it was ultimately dropped. The outcome of the appeal in Spain could set a precedent for future antitrust cases involving tech giants and their business practices across Europe and beyond. Conclusion: As the appeal process unfolds, the fate of the antitrust fines against Amazon ( NASDAQ:AMZN ) and Apple remains uncertain. The decision by the Spanish High Court to suspend the fines provides temporary relief for the tech giants, but the ultimate resolution of the case will have far-reaching consequences for competition in the digital marketplace. Until then, both companies await the final verdict, navigating a complex legal landscape shaped by accusations of anti-competitive conduct.
NASDAQ:AMZNLong
by DEXWireNews
Dowsing "yelling" about AMZN short to $126My dowsing is in my face yesterday, and a lot today about AMZN going down. This comes repeatedly as I ask "what's most important for us to know or pay attention to?" It's AMZN 3 different times and yesterday as well. I have a high of $158-59. Not actually sure it'll hit, but the r/r is good. Watch for the time today of 1:40-:50 as a possible entry. I am asking for the most "efficient" target price, since my September targets for the $150s were just a tad early (eyeroll). I'd like to focus on really clean setups with steady directional moves (doesn't everyone?), but I'm sending this out as a request to the Universe, please, and thank you. We can make our money with a relaxed and trusting attitude. That's my wish. I asked how long this might take and it gave me "weeks" and 18. I'm suspecting 18 is % as it comes right in at about $127. The number I was given was $126 as a target. So, if it's like TSLA, it'll hit. It took TSLA awhile to nail the target as well, but it did today, finally! Hopefully, this intention of "efficiency" will alleviate some of these pesky timing issues. That said, it's still going to take some number of weeks. I'm not super confident I get the correct answer for this, but when I ask how many, I get 4. They announce GDP on the 25th I see, and I have a date of the 21st (a Sunday) from back in Nov. as a potential announcement date of a recession or talk of it at least. That's close enough it could be legit and bad for consumer discretionary kind of stocks and anything else that goes with that. This may be more info than you care about, but I'm just trying to give context with other information I have that may be relevant. I also suspect February to be a time of a market reversal, which aligns with Martin Armstrong's work that suggests some "panic cycle" and a direction change in the first week. I guess we'll see!
NASDAQ:AMZNShort
by JenRz
2
Amazon's Strategic Investment in AI: A Path to GrowthAmazon's Strategic Investment in AI: A Path to Growth As the race for AI dominance intensifies, major tech giants are making substantial investments in AI startups. Amazon, with its vast financial resources, recently committed $4 billion to Anthropic, the creators of AI assistant Claude, in a deal that positions Amazon Web Services (AWS) as Anthropic's primary cloud services provider. The partnership could significantly boost AWS sales, but is Amazon an attractive buy? Anthropic's Expertise in Generative AI Anthropic specializes in generative AI, a technology applicable in customer service, AI assistant development, and coding assistance. The company equips clients with a toolkit to craft AI models tailored to their specific needs. With Amazon's investment, Anthropic's data and models will reside on AWS, creating a seamless collaboration between the two companies. Boosting AWS This investment could provide a much-needed boost for AWS, which has faced challenges recently, with slower growth rates and declining profitability. As the cloud computing market is projected to grow to $2.4 trillion by 2030, leadership in this sector is crucial. Strengthening Amazon's AI Position While Amazon's investment in Anthropic may not be a game-changer, it strengthens Amazon's position in AI, where it lags behind competitors. This $4 billion investment grants Amazon a minority ownership stake in Anthropic and enhances AWS's competitiveness in cloud computing. AWS's Significance AWS accounted for 70% of Amazon's operating income in the second quarter, highlighting its importance to the company's profitability. Amazon's transition from a consumer goods-oriented company to a tech-oriented one is evident in its improved gross margins over the past decade. A Buying Opportunity Amazon's stock presents an attractive entry point for long-term investors, given its strategic positioning to benefit from AI advancements. If Amazon can restore its high profit margins and invigorate AWS, it has the potential for substantial gains, as the market isn't currently pricing it for perfection. Please note that this article provides information for general purposes and is not financial advice. Investing in stocks carries risks that individuals should carefully consider before making investment decisions.
NASDAQ:AMZNLong
by FOREXN1
12
Amazon - The New SetupHello Traders, welcome to today's analysis of Amazon. -------- 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. -------- 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.
NASDAQ:AMZN
by basictradingtv
1
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 $81 is wave 1 of V. However, I expected wave IV to be at least 4-5 years in duration, not 2. With the current price action and the way MACD is shaping up to be though, I am now 50/50 that wave IV is done. To many things are starting to stack up in favor of IV ending in Jan 2023. Either way, I feel this move higher is ending soon. If you don't already, I suggest setting stop limits to protect profits. I am starting an experiment, and I am allowing y'all to be front and center to it. As you notice I have yellow and orange fibs on the chart that are almost exactly the same. Normally I always base my fibs on pre, during, and post market price action. However, I want to see which is more accurate to use between the pre, during, and post market, or open market action only. The orange fibs are based off of price during open market hours only and the yellow fibs are based on my standard guides/rules. Let's see which is better!!
NASDAQ:AMZN
by TSuth
6
MAZN Bearish Butterfly Pattern Will Start at 134$. 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).
NASDAQ:AMZN
by SEYED98
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.
NASDAQ:AMZN
by FXOpen
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.
NASDAQ:AMZNLong
by DEXWireNews
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.
NASDAQ:AMZNLong
by ShaneHua
3
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.
NASDAQ:AMZNLong
by Stargazer_fx
3