AMZN $192 target Per IHS breakout + ensuing consolidation. Straightforward pattern breakout. Selling put spreads.
AMZN trade ideas
Amazon's Earnings Skyrocket: Long Opportunity Ahead
Title:
Amazon's Earnings Skyrocket: Long Opportunity Ahead
Overview:
Hello Traders,
Amazon's recent earnings report has sent its stock soaring, presenting a lucrative long opportunity for investors.
NASDAQ:AMZN
Key Points:
- Amazon's Forward P/E ratio stands at an impressive 43.5, indicating strong growth potential and market confidence.
- The earnings estimate for the current fiscal year is $4.06 per share, reflecting robust performance and profitability.
- Next fiscal year's earnings estimate is projected to increase to $5.30 per share, suggesting continued growth and expansion for Amazon.
Technical Analysis:
The earnings surge has propelled Amazon's stock price upwards, with bullish momentum indicating a favorable outlook for further gains. Technical indicators support the bullish sentiment, highlighting a potential long opportunity for traders.
Conclusion:
With Amazon's earnings skyrocketing and positive forward projections, traders may consider a long position to capitalize on the upward momentum. It's essential to conduct thorough research and implement risk management strategies to optimize returns and mitigate potential losses.
Don't Forget to Engage:
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Trading based on this analysis carries inherent risks. Conduct your own research and consult with a financial advisor before making any investment decisions.
Happy trading!
AMZN Joins the Dow at an Unusual PhaseThis hugely influential company should have been on the Dow 10 years ago. Listing as a component of the Dow Jones Industrial Average usually occurs when a company is about to enter a Market Saturation to Market Decline Phase. However, such is not the case with $NASDAQ:AMZN. It's quite the opposite.
Its fairly new CEO, who was the CEO of AWS, the division of AMZN known for its powerful and totally dominant PaaS cloud technology, has extensive experience in exactly what AMZN needs right now: front running new technologies and driving more new technologies to market introduction faster.
The challenge to be #1 in the use of Integrated Artificial Intelligence and other new technologies in the realm of Cloud Technology is on. Who will win depends on the CEO. Never underestimate the importance of the right CEO for the current market conditions.
The chart of AMZN stock implies a consolidation or platform may develop during the month and a half between earnings seasons. These patterns tend to form due to value-oriented quiet accumulation by the largest institutions while the rest of the market pulls back from buying or sells.
AMZN Share Price Hits 25-Month HighAMZN Share Price Hits 25-Month High After Inclusion in DJIA Index
As of February 26, Walgreens Boots Alliance (WBA) is no longer used in the calculation of the Dow Jones Industrial Average, replaced by Amazon (AMZN).
The planned index rebalancing was carried out because:
→ Walgreens shares currently have the lowest price among all companies included in the Dow index;
→ S&P Dow Jones Indices adds Amazon as it seeks to increase the Dow's retail exposure to reflect the emerging nature of the US economy. This was also influenced by the fact that shares of the retail chain Walmart (WMT) underwent a 3:1 split.
The AMZN stock chart today shows that:
→ the AMZN stock price is moving in an upward trend, its contours are indicated by a blue channel;
→ after a strong report (we wrote about this on February 5), a bullish gap formed on the chart — it is now more clearly visible between the levels of 161.5 and 166.5;
→ in the last days of winter, the price approached the upper border of the channel;
→ the price is in the upper half of the channel, and the median line (reinforced by the gap area), according to technical analysis, has the potential to provide support to it;
The inclusion of AMZN stock in the WMT Index means that the AMZN stock market may experience a short-term surge in demand (as it often does in similar cases) as various index funds will be forced to buy AMZN stock (and sell WBA) to make their portfolios match the Dow Jones Industrial Average.
However:
→ the price of AMZN today may already take into account the rebalancing that was announced earlier;
→ as you know, in 2021, Jeff Bezos actively sold his AMZN shares at a price of $180 per share. At the same time, according to annual corporate reporting, Bezos intends to sell about 50 million shares this year. This is seen as an argument holding back demand. And the bearish divergence on the RSI indicator hints at the depletion of buying pressure in the short term.
Although in the long term, taking into account the fundamentals, the market remains strong. According to the average opinion of TipRanks, analysts forecast shares AMZN = $208.23 in 12 months.
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.
$AMZN Gap Fill Idea I love the gap fill strategy. Its simple and proves to be effective! Here the idea is simple, we are looking to go short under $165 and targeting the shaded area on the chart to be filled.
"Amazon Analysis and Potential Scenarios"Amazon's chart indicates that the region marked in red may function as a selling-oriented order block. If there is a 2-day closing above the red horizontal line, the next target could be 187.86, following the channel. In our buying zones, the horizontal line at the price of 161.73 may present a buying opportunity. 2-day closings below the green horizontal line may sequentially act as buying zones from light to dark. In the 2-day chart, levels 161.73 and Kaufman Moving Average at 162.34 are considered as significant support zones.
WARNING: THIS ANALYSIS IS NOT INVESTMENT ADVICE. CONSIDER YOUR RISK TOLERANCE AND FINANCIAL SITUATION BEFORE MAKING DECISIONS. FUTURE PERFORMANCE IS NOT GUARANTEED; THIS IS MERELY AN OPINION. INVEST PRUDENTLY AND CONDUCT THOROUGH RESEARCH.
Jeff Bezos Sells Another $2.4B in Amazon StockAccording to a new regulatory filing, Amazon founder Jeff Bezos sold more than 14 million shares over the past few days worth around $2.4 billion, completing his stock sale plan.
Bezos adopted a trading plan Nov. 8 to sell up to 50 million Amazon ( NASDAQ:AMZN ) shares — valued at more than $8 billion — during a period ending in January 2025.
He first sold 12 million shares earlier this month, worth more than $2 billion, and then sold separate 12 million share tranches through February. It’s Bezos’ first sale of the company’s stock since 2021.
Amazon’s stock closed at more than $167 per share on Tuesday. Shares are up more than 76% over the past 12 months.
Bezos controlled about 12.3% of the company’s outstanding stock as of a February 2023 proxy filing, including shares he fully owns and shares owned by his ex-wife, MacKenzie Scott, over which he still has voting rights. He now controls about 11.8% of the company’s stock.
Amazon’s ( NASDAQ:AMZN ) annual filing showed that the trading plan was adopted six days after Bezos said on Instagram, on Nov. 2, that he was leaving Seattle and making Miami his official residence.
Washington state’s capital gains tax, passed in 2021, imposes a 7% tax on any gains of more than $250,000 from the sale of stocks and bonds, with some exceptions. By making Miami his home, Bezos stands to save around $600 million in tax expenses after selling 50 million shares under the plan. Florida does not have a capital gains tax. Like Washington state, Florida also does not have an income tax.
Bezos launched a $2 billion Bezos Day One Fund in 2018 that focuses on homeless families and preschool education. The Bezos Earth Fund, launched in 2020, is putting $10 billion toward climate initiatives.
A shorter term correction coming.I'm looking for a shorter term pullback, at least a 30% drop, in wave 1 of a final 5. Then the final wave moves should follow, over several years, to conclude at between the $300 & $560 price levels.
Amazon | No New All-Time High & Down We Go!It is the end of a cycle; A more than a year long bullish wave.
Amazon (AMZN) did not reach a new All-Time High as many of the other top world companies did.
July 2021 at 188.65 will remain the peak.
AMZN produced a super-strong bearish signal in the form of a bearish engulfing pattern last week and this at the top of a major trend.
These signals are pointing towards a correction, a very strong correction and the first one since December 2022.
This correction can be mild just as it can be strong but it is more likely that it will be strong.
This correction can develop fast or maybe slow...
Mild or strong, fast or slow —Down we go!
Namaste.
AMZN - Breakout Long Idea from here at $168Breakout ($175+) multiday swing long idea from this position around $168 - stop very close at $167. The flush on the 13th was the first signal and I'm now looking for the push to the upside over the course of the next few days.
AMZN in a triangle pattern LONGAMZN on the 15 minute time frame is in a relative symmetrical triangle pattern. A volume
profile and intermediate term anchored VWAP are overlaid. They validate one another since
the POC line and the mean anchored VWAP line up. Price is below both of them. My forecast
is that price will rise and temporarily so sideways in the high volume and volatility zone
of VWAP / POC and then ascend higher as that tug o war is finalized. My long target for now
is 170.35 as the top boundary line of the high volume area of the VP. This is a good trade
for shares on margin to get some juice into the trade. I will instead take call options for
March 16th striking $ 172 for some leverage and beyond linear RIO. AMZN is good to go.
Admittedly, this is an early bird trade. I see the risk as minimal.
The continuation of the bull market on AmazonDear Friends,
I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors.
As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market.
I am sharing my analysis with you, but please note that I am not providing any buy or sell signals. I aim to share my unbiased analysis with you so that you can use it as a guide to make informed decisions.
In the attachment, you will find my previous analysis of the same market, so you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily).
I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished.
Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
AMAZON -15% dip possible. Take advantage of it.It has been 3 months (Nov 17 2023, see chart below) since our last buy trade on Amazon (AMZN), which hit both Targets:
February opened with a big gap upwards and the stock has been consolidating ever since. This consolidation, along with the completion of a 1D MACD Bearish Cross last week, is indicative of a top formation. In fact it is similar with the starting sequence of the last Higher High (September 14 2023) of the 1-year Channel Up.
The first pull-back/ technical correction of this pattern was a -22.61% decline and the second -18.83%. If the corrections are on a -4% progression, we can assume a -14.60% decline this time. That falls marginally below the 0.382 Fibonacci retracement level (assuming the 2.0 Fib extension from the October 26 2023 bottom will be the peak).
As a result, we are expecting $155.00 as a fair pull-back currently and buy entry for the long-term. A break below the 1D MA50 (blue trend-line), will be the technical confirmation of the sell signal.
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AMAZONWhen I made this song, I was at One Sound Studio in Memphis, South Memphis. I recorded “Shotta Flow” there, “Shotta Flow 2” there. That was where I recorded my first song at, actually. The first song I ever recorded. One Sound’s home, pretty much. Minus, he sent the beat to my phone. He did the “Shotta Flow” beat. I worked with him in the past. I was like, “Bruh, this beat a song,”. I was tryin to dissect it. I was like, “What i'mma do wit it?” And I had to just listen ‘til I really found out what I wanted to do with the beat. I usually freestyle on my songs. But I wrote most of this song. I wrote the hook. The hook especially 'cause I knew that was the grabber of the song. That was the part I really, know what I’m sayin’, put my most focus on. When I said, “Before you try rob, hit your knees and pray to Buddha,” -NLE
Is the rest for AMZN short-lived LONGAMZN on the 60 minute chart since earnings shows the jump and the sideways consolidation
after that. Here the RSI is superimposed on the chart within its own 0-100 scale. It is currently
in what should be considered deep undervalued territory and at RSI support /demand. The
William's Alligator set of moving averages shows MA compression and so convergence.
AMZN's price is now in a tight range with volatility likewise compressed especially compared
with that at earnings. In short price is coiled, the potential energy is ready to get converted
to kinetic for those who have an understanding of classical physics.
All that said, I see AMZN as ready to roll. I will take long trades in shares and options as
AMZN is ready to hit the ground running.
AMZN Entry, Volume, Target, StopEntry: with price above 147.29
Volume: with volume greater than 63.87M
Target: 168.47 area (this is an area, you might consider existing early if price drops below a significant moving average such as the 20 or 50 EMA. You might also considering holding some portion of the trade longer as price closes above significant moving averages)
Stop: Depending on your risk tolerance; Based on an entry of 147.30, 142.00 gets you 4/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
$AMZN Momentum IndicatorNASDAQ:AMZN Momentum Indicator, strong uptrend conditions. A momentum indicator is a technical analysis tool used to measure the rate at which the price of a security is changing. It compares the current price of an asset to its price at a previous point in time, typically over a specified period. This comparison helps traders and investors gauge the strength and direction of price movements. Momentum indicators are often used to identify potential trend reversals, confirm the strength of an existing trend, or generate buy and sell signals. Examples of popular momentum indicators include the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Stochastic Oscillator.
** AMZN Price Action Review ** Going Over AMZN price action for last month. rumors are that Jeff and his wife are selling lots of shares. AMZN has a lot of headwinds and the pattern we see supports this scenario. What to expect and where are the actionable areas.
#AMZN Forming a head & shoulders on the dailyLooks to me like amazon is trying to form this mini Head and shoulders top. Should the neckline at $167.50 break, the target pretty much takes you to the gap close level at $160.00 which is where we gapped from recent results. Recent reports that Jeff Bezos has sold up to $6bn of stock in amazon could sour sentiment slightly on the stock. We also had some bad retail sales for January in the US which could be seen as another negative for the stock.Also note how the MACD is about to roll over here. Aggressive traders could look to pre-empt this and short the right shoulder between 170-171 using a stop loss as a move above 172.50. More conservative traders to look for the break of the neckline at $167.50 in order to enter. Target to the gap at $160.00
