Shorting AmazonShorting here small size just cause the charts confluence is too much. My other shorts will yield much more % if I am right but cant not trade this chart. Not advise.
AMZN trade ideas
AMZN AnalysisPrice consolidated since my last analysis, giving us a -3.42% move at one point. No changes to my expectations, I'm waiting for a solid confirmation on the lower timeframe to potentially bring price back to the discounted level at 118.60 next.
Part 2 of 7 Mega Cap Tech | QQQ Sp500 & My YINN playsAs long as we have mega cap techs holding sideways and rest of the market breath catching up it is good for the bulls and we may continue to see grind up from the market overall.
- Very first step i want to see from the bears is an hourly downtrend for me to even pay attention to a short swing.
- entered YINN for lagger bull play.
$AMZN Long above 129.10 Based on the current short-term trend, there is an expectation for the stock to experience a 33.81% increase over the next 3 months. Additionally, there is a 90% probability that the price will range between $170.11 and $180.24 by the end of this 3-month period.
Amazon eyeing Wave 4- AMZN has just finished off W3 and already in route for W4. I have put the Fibonacci levels for the W4 to where we should see price go before rebounding to W5.
Part 2 of 7 Mega Tech Stocks AnalysisAlthough QQQ closed flat today, lots of mega cap tech stocks formed daily downtrends, such as AMZN GOOGL AAPL, so we have to be open to QQQ having a slightly more pullback in the next coming days but breath in the market is really good today so its a good sign for the bulls as money rotates around.
AMZN bear call spreadI feel like markets need a TAD of a pull back OR at least a pause.
This spread is above the 100/200 SMA on the weekly chart.
This would be a 20% ROR. I like it! I'm in it
AMZN: downtrendOn AMZN as you see on the chart we have the breakout with force the vwap indicator by a big red candle with a large red volume so it's mean that we will have a big probability to have a downtrend.Thanks.
AMZN near term forecastSee linked post on the bigger picture for AMZN, here is my expectations near term (follow the thin solid black line, the thick solid black line is the bigger picture trajectory; the dashed black line is alt path):
AMZN is still in a corrective structure - trying to complete B-wave. Here is a summary of what I'm expecting
- Point target to complete B-wave is 137. Expecting pullback to 118-119 going into earnings and then one final leg higher to 135-140 after earnings, topping by end of August.
- C wave will bottom in the 50-70 range, with more precise target 58-61. This will happen by May 2024, but could be realized as soon as Jan. 2024... this means AMZN will be cut in half in a matter of months from September 2023 to early 2024.
Important levels:
123-125: needs to break this down to test 118
118: if this holds AMZN can pop to 137, if it falls next support is 109 and then 101
94 and 101: equilibrium points, drop below these will confirm the drop to low 60s to complete C-wave
AMZN bigger pictureAMZN is still in a corrective structure - trying to complete B-wave. Here is a summary of what I'm expecting, I'll post another idea for near term forecast/path to breakdown:
- Point target to complete B-wave is 137. Expecting pullback to 118-119 going into earnings and then one final leg higher to 135-140 after earnings, topping by end of August.
- C wave will bottom in the 50-70 range, with more precise target 58-61. This will happen by May 2024, but could be realized as soon as Jan. 2024... this means AMZN will be cut in half in a matter of months from September 2023 to early 2024.
Important levels:
123-125: needs to break this down to test 118
118: if this holds AMZN can pop to 137, if it falls next support is 109 and then 101
94 and 101: equilibrium points, drop below these will confirm the drop to low 60s to complete C-wave
Solid Black trajectory is expected path
---------------------
The Alt path (dashed black) is an initial drop to 101-109, followed by leg higher to 140-150 before starting drop to low 60s
AMZN Do Bearish Divergences Predict a Reversal? SHORTAMZN has ascended 15% in the past two months. As shown on the 4H chart, dynamic
resistance has been the red lines designating two standard deviations above mean
VWAPs are anchored in February and early May. The two indicators however suggest
bearish divergence. The zero-lag has lower highs and lower lows on the K / D line
excursions. The Chris Moody dual RSI shows the RSI on the blue daily time frame
dropping and crossing under the black weekly time frame RSI. Fundamentally, according
to the linked article AMZN typically drops 0.34% on Prime Day. Based on all of this,
I am expecting a reversal. Upon confirmation, I will short Amazon in a possible Fibonacci
style retracement.
amazon weekly possible retraceamazon is nearing resistance at the 200 weekly moving average possible add or buy at indicated level what do you think?
Amazon's Resilience: Navigating Challenges and Emerging StrongerAmazon has come a long way since its inception as an online bookseller in 1994. Its stock has witnessed an astounding growth of over 130,000% since going public three years later. Today, Amazon's business spans across a wide range of products, digital services, grocery operations, space satellites, and cloud computing. With its dominance in e-commerce and the cloud industry, one might think that the ideal time to invest in Amazon has passed.
However, despite its remarkable growth, e-commerce sales only accounted for 15% of total retail sales last year, indicating that there is still untapped potential in the market. Furthermore, the increasing demand for artificial intelligence (AI) is projected to fuel revenue in the cloud sector as businesses increasingly rely on AI services. With a strong foothold in both these markets, Amazon's long-term prospects remain promising.
Hence, it is still an opportune time to consider investing in Amazon stock.
The introduction of OpenAI's ChatGPT last year left the tech industry astounded with its ability to generate human-like conversations, pushing the boundaries of AI capabilities. This breakthrough prompted numerous companies to redirect their focus towards AI development.
Cloud computing has emerged as a major beneficiary of the AI revolution, as businesses strive to leverage this technology to enhance their offerings. While Amazon may have initially seemed behind in this domain, its cloud competitor Microsoft secured exclusive licenses to utilize several of OpenAI's AI models. However, Amazon has since made significant progress in generative AI.
For years, the e-commerce giant has been using AI in its retail operations to track consumer shopping patterns, offer personalized recommendations, and optimize shipping logistics. Leveraging its expertise, Amazon has developed an AI model called Amazon Bedrock, which excels in advanced generative AI tasks like creating comprehensive social media campaigns based on product descriptions.
In April, the company announced that Amazon Bedrock would be accessible to Amazon Web Services (AWS) users, alongside a tool called Code Whisperer. This innovative service empowers developers to input their desired outcomes and receive customized code solutions tailored to their specific needs.
While Amazon may have initially lagged in AI services, its dominant market share in the cloud industry positions it advantageously. By impressing AWS users with its current AI models, the company is poised to maintain its leadership and capitalize on the rapidly expanding AI market.
Amazon faced significant challenges last year, with reduced consumer spending and substantial operating losses in its e-commerce segments. AWS also experienced a slowdown in growth due to businesses cutting back on cloud budgets. In evaluating Amazon's prospects, it becomes crucial to take a long-term perspective, considering its strong position in two pivotal markets that are likely to yield favorable results over time.
Encouragingly, the first quarter of 2023 indicates a recovery in Amazon's e-commerce business. The North American segment returned to profitability, reporting $898 million in operating income, while the international segment showed slight improvement. As inflationary pressures subside and Amazon benefits from budget adjustments, the company is expected to continue improving its e-commerce performance. With its dominant market position, Amazon is poised for consistent long-term growth.
Unfortunately, AWS experienced further deceleration in earnings growth during Q1 2023. However, Amazon is still in the early stages of its venture into AI cloud services. The extensive retail knowledge accumulated by the company can be a significant advantage in developing efficient AI models for AWS, while its leading market share continues to attract new users.
Despite a 54% year-to-date increase, Amazon's stock remains 44% below its peak in July 2021. This suggests that there is still potential for a bullish trend. With its strong positions in expanding markets and room for growth, it is not too late to capitalize on Amazon's long-term prospects and potential profitability.
Amazon headed back to $85- AMZN for the past 2 years has been finishing off its 5 wave cycle down. At the end of Dec '22 we saw a push out of the cycle down and into a corrective phase (B Wave) which we are in now and has been going on for the past couple months. It looks like the B wave is coming to an end soon as we approach this range of the blue resistance lines. I see it going into this range and then falling back to make new lows to finish off the C wave.
I don't think I would be a buyer right now with about maybe 15% upside if that and the downside we are looking at 35-45%... The risk/reward isn't there for me, but it might be there for some.
AMAZON Loosely supported. Buy but careful if this level breaks.Amazon / AMZN hit yesterday and is rebounding today exactly at the bottom of the late April Channel Up.
This remains a bullish trend for as long as the Channel Up holds, so buy and target Resistance A at 136.50.
If it breaks downwards, sell and target the 1day MA50 and Rising Support at 123.50.
It is crucial to mention that the 1day RSI has already crossed under its Rising Support, issuing an initial bearish warning.
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Amazon (AMZN:NASDAQ) Strong growth potentialAmazon (AMZN:NASDAQ) continues to capture the attention of analysts due to its market dominance and consistent growth. In this post, we explore the buy rating assigned to Amazon by analysts, highlighting the key factors driving their positive assessments.
Analysts' Buy Rating on Amazon
Strong Market Position and Revenue Growth:
Analysts have assigned a buy rating to Amazon based on its strong market position and robust revenue growth. The company's expansive e-commerce platform, cloud computing services, and digital content offerings have solidified its position as a market leader. Analysts believe that Amazon's ability to capture a significant portion of the online retail market and generate substantial revenue growth provides a solid foundation for future success.
Innovation and Diversification:
Amazon's commitment to innovation and diversification is another factor contributing to the buy rating. The company continuously expands its product and service offerings, entering new sectors such as healthcare, logistics, and smart home technology. Analysts view Amazon's focus on diversification as a strategic advantage that enhances its growth potential and mitigates risks associated with reliance on a single market segment.
Strong Financial Performance:
Amazon's consistent track record of strong financial performance plays a significant role in the buy rating assigned by analysts. The company's ability to generate substantial revenue, coupled with effective cost management, has resulted in consistent profitability. Analysts project continued growth in revenue and earnings, driven by increasing online sales, cloud services demand, and the expansion into new markets.
Analyst Recommendations and Investor Considerations
Growth Potential:
Analysts believe that Amazon has significant growth potential, driven by its market leadership, innovative approach, and ability to adapt to changing consumer behaviours. Investors considering Amazon should carefully evaluate its growth prospects, including the potential impact of expanding into new markets and sectors.
Long-Term Investment Outlook:
The buy rating suggests that analysts view Amazon as a favourable long-term investment opportunity. Investors with a long-term investment horizon may find Amazon's strong market position, diversified business segments, and proven ability to deliver growth appealing.
Risk Factors:
Investors should be aware of potential risks associated with Amazon, such as increased competition, regulatory challenges, and supply chain disruptions. It is essential to conduct thorough research and consider these factors alongside the buy rating when making investment decisions.
Conclusion:
Analysts have assigned a buy rating to Amazon, citing the company's strong market position, consistent revenue growth, innovation, and diversification. Investors considering Amazon should carefully evaluate the company's growth potential, long-term investment outlook, and associated risks. The buy rating suggests that analysts view Amazon as a compelling investment opportunity with the potential for continued success in the future.
This content is provided for general information purposes only and is not to be taken as investment advice nor as a recommendation for any security, investment strategy or investment account.
h4 appleapple stock weekly chart we are expecting pull back these week and few week from now basically the market will be in a range for a while.
apple stockapple stock weekly chart we are expecting pull back these week an other an few week from now next few week
AMZN AnalysisPrice consolidated since my last analysis. No changes to my expectation, I'm expecting price to continue lower from here if we get a confirmation on the lower timeframe.
A few reasons to short $AMZNHitting a long term diagonal and a horizontal gap fill.
RSI hitting oversold in daily/weekly.
Bearish divergence on RSI.
This is a great place to start building your short. I will DCA 3 entries at these level's.
Double Bottom Reversal (Still bullish)this is an example from the books, the classic w pattern to get into the original tendency back again I think a nice target should be 160$. Have a nice trade!
$AMZN at strong resistance ahaead of Q3Amazon is currently trading above the pivot to start off Q3 but also stuck between a rock and a hard place as they are just below the 200 week average.
SasanSeifi 💁♂️🔵AMZN 👉12H 118 / 121 / 123▪️ Hello everyone ✌ By examining the chart in the time frame of 12 hours, as you can see, the price has grown by about 12% after breaking the dynamic resistance and due to the completion of pullback from the range of 101, and after a slight fluctuation, it again faced a positive fluctuation. Currently, it is trading in the range of 114 midline of the ascending channel.📊
📈The scenario we can consider is that if the support range of $110 and $108 is maintained, the price will continue to grow up to the range of $118 and the gap area of 121/123.
❗️
🔸We have to see how the price will react to the resistance ranges. If it stabilizes above the range of 123, the possibility of more growth can be considered.‼️⚠️
⚠️Keep in mind that it is important to maintain the 110/108 support range for the continuation of the positive trend.
▫️The current price : 114.07💲
▫️TF : 12-H
❎ (DYOR)...⚠⚜
What do you think about this analysis? I will be glad to know your idea 🙂✌
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