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AMAZON.COM INC. DL-,01AMAZON.COM INC. DL-,01AMAZON.COM INC. DL-,01

AMAZON.COM INC. DL-,01

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AMZ trade ideas

AMZN at an all-time high: To be continued?AMZN reaches a new all-time high of $225.8, positioning itself at the upper boundary of an ascending channel that began on January 6, 2023, when it hit a low of $83.07. This channel, nearing its two-year milestone, has developed in five waves, as outlined by the Elliott Wave Theory: Wave 1 Period: January 4, 2023 - September 14, 2023 Movement: $81.43 to $145.86 (+79%) Wave 2 Period: September 14, 2023 - October 26, 2023 Movement: $145.86 to $118.35 (-19%) Wave 3 Period: October 26, 2023 - July 8, 2024 Movement: $118.35 to $201.20 (+70%) Wave 4 Period: July 8, 2024 - August 5, 2024 Movement: $201.20 to $151.61 (-25%) Wave 5 (in progress) Estimated period: August 5, 2024, to today Projected movement: $151.61 to a range of $226.00 - $231.85 (+49% to +53% projected) Key Questions for Caution on AMZN Will it surpass the channel's upper boundary, setting new all-time highs? Will it retrace to a dynamic support level within the channel (ranging between $201 and $195)? Will it break below the ascending channel, signaling the start of a higher-degree correction? Our opinion is for educational purposes only and should not be considered a recommendation to buy or sell. Before making any investment, consult with your financial advisor.
NASDAQ:AMZN
by SHGTrading
Amazon - Breaking Trade 12/4/2024There was a great breakout trade opportunity on Amazon's stock, enhanced by a refined entry strategy. The red zone highlights a key resistance level where the price struggled to break through. Eventually, a breakout occurred with a strong bullish candlestick, confirming buyers' strength. However, instead of entering immediately at the breakout, the ideal entry point would be on the pullback to the red zone. After the breakout, the price retraced back to the resistance zone, which then acted as support. Notice how the price tested this zone but failed to close below it, indicating that buyers remained in control. The optimal entry would occur when the price breaks above the high of the retracement candle, confirming the continuation of the bullish move. This approach allows for a more precise entry, reduces risk by setting a stop-loss below the support zone, and offers a better reward-to-risk ratio as the trend resumes upward. It’s a textbook example of a breakout-retest setup with confirmation. Thank you for reading! If you found this content helpful, don’t forget to like, comment, and share the idea. Follow me on TradingView!
NASDAQ:AMZNLong
by Alexandre_Saldanha_
Amazon Ignites: 150% Blaze Ahead?The stock has been in consolidation since August 2020, forming an Inverted Head & Shoulder pattern. Recently, it broke out above the neckline and is attempting to sustain above the 200 level. Currently trading at 210, the stock has the potential to surge to 500 levels in the next few years. However, the breakout lacks strong confirmation, as a significant bullish candle with volume expansion is absent. A crucial factor to watch is a monthly close above 200. This will help determine the stock's future trajectory and guide our trading and investment decisions.
NASDAQ:AMZNLong
by NaranjCapital
AMAZON STOCK TO RALLY DURING THANKSGIVING SEASON! Given Amazon's robust performance in the third quarter of fiscal year 2024, with a notable increase in revenue and same-store sales, we anticipate a strong holiday shopping season. The company's raised sales forecast for the fiscal year, projecting a 4.8% to 5.1% increase, further supports this positive outlook. Amazon's emphasis on value and convenience, including enhanced e-commerce capabilities, is expected to attract significant value-seeking shoppers during the Thanksgiving period. With a history of strong holiday sales and positive consumer sentiment, Amazon's stock is well-positioned to rally during the Thanksgiving season!!
NASDAQ:AMZNLong
by Mbixen
AMZN – Climbing the Channel: Breakout or Reversal in Sight? AMZN has been trading within an ascending channel, showing consistent bullish momentum while approaching a critical resistance zone. This analysis outlines key levels, price action insights, and actionable trade setups for scalping and swing trades. Market Structure & Price Action: * Recent Trend: AMZN is trading in a clear ascending channel, with the current price testing the upper boundary near $208. * Liquidity Zones: * Buyers have shown strength near $205, forming a key demand zone. * Sellers are active between $208.50 and $210, creating a supply zone. * Volume Profile: Steady volume during the climb confirms buyer interest, but volume tapering near resistance may signal caution. Key Levels: 1. Resistance Zones: * $208.50–$210: Immediate resistance at the channel's upper boundary. * $215: Next psychological resistance and prior swing high. 2. Support Zones: * $205: Immediate support within the channel. * $198–$200: Key demand zone and lower boundary of the channel. Indicators: * MACD (1-hour): Bullish crossover supports upward momentum, but the histogram shows potential weakening, signaling a possible consolidation. * Volume: Watch for a volume spike to confirm a breakout above $210. Trade Ideas: 1. Scalping Setup: * Entry (Long): Above $208.50 with confirmation (bullish candles and increased volume). * Target: $210–$212. * Stop-Loss: Below $207. * Short Setup: If rejected at $208.50, short below $207 targeting $205, with a stop above $209. 2. Swing Trading Setup: * Bullish Case: * Entry: On a breakout above $210. * Target 1: $215. * Target 2: $220. * Stop-Loss: Below $208. * Bearish Case: * Entry: Short below $205. * Target 1: $200. * Target 2: $198. * Stop-Loss: Above $206. Game Plan for the Week: 1. Monitor price action around $208.50–$210 for signs of a breakout or rejection. 2. Use lower timeframes (5-min, 15-min) to refine scalping entries. 3. A breakout above $210 could signal strong bullish momentum toward $215, while failure to hold $205 may lead to a retest of $200. Thoughts & Outlook: Amazon’s current trajectory within the ascending channel indicates strong bullish sentiment, but the stock faces significant resistance at $210. Traders should watch volume and momentum for confirmation before entering trades. A breakout could lead to a strong upward move, while a pullback would present opportunities near lower support levels. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your own research and trade responsibly. Trading involves risk.
NASDAQ:AMZN
by BullBearInsights
AMZN on the Move: Breakout or Reversal? | Nov. 27, 2024Introduction
Amazon (AMZN) has been showing notable price action, consolidating above key levels while forming a potentially bullish structure. For traders, this is a critical time to determine whether AMZN will sustain its momentum or face resistance. Let’s break down the technicals and create a clear game plan for scalping and swing trading. For a deeper dive, check out our latest podcast episode here: Market Outlook Briefing. Technical Analysis & Trading Plan 1. Market Structure & Price Action AMZN is trading near $208, breaking out of a consolidation zone and forming higher lows since the $195 level. The recent uptrend aligns with a bullish channel, suggesting a continuation if buyers maintain control. However, the price is approaching a key resistance zone where traders should remain cautious. * Immediate Support Levels: * $205.35: A key level that has acted as a pivot during this rally. * $202.02: Strong support and a liquidity zone; failure to hold could signal a pullback. * $196.70: The base of the recent trend; a critical level for bulls. * Resistance Levels: * $208.50-$210: Immediate resistance with heavy supply, marking the upper boundary of the trend channel. * $215.99: Next significant resistance; a breakout above this could signal a move to test $220. 2. Liquidity Zones & Order Blocks * Liquidity Zone at $205.35-$202.02: Watch for institutional buying in this range. Buyers stepping in here could fuel the next leg up. * Order Block at $196-$198: This area saw significant accumulation. If revisited, expect strong support for long setups. Trading Setups Scalping Strategy 1. Bullish Breakout Play: * Entry: Above $208.50 with confirmation from volume. * Target: $210-$212. * Stop-loss: Below $207.50. 2. Rejection Play: * Entry: Short below $207 if resistance holds. * Target: $205.35-$202. * Stop-loss: Above $208.50. Swing Trading Strategy 1. Bullish Swing: * Entry: Near $205-$202 for a low-risk setup. * Target 1: $210, Target 2: $215.99. * Stop-loss: Below $200. 2. Bearish Swing (Risk-Managed): * Entry: If price breaks below $202, consider a short position. * Target: $196-$198. * Stop-loss: Above $204. Trader Sentiment & Volume Insights Trader Sentiment: * Bullish Sentiment: Retail traders and institutions seem confident after AMZN’s recent upward breakout. Buyers dominate above $205. * Cautious Bears: Traders are waiting for potential rejection near $210, which aligns with a significant liquidity trap for buyers chasing late entries. Volume Analysis: * Increasing volume near $205-$208 supports bullish continuation. However, tapering volume near $208.50 could indicate weakening momentum unless buyers step in. Prediction of Market Direction 1. Bullish Case:
If AMZN breaks above $210, expect a strong rally toward $215.99 and possibly $220. Higher lows and the bullish channel support this outlook. 2. Bearish Case:
A failure to hold $205.35-$202 may lead to a pullback toward the $196-$198 liquidity zone. Monitor volume for confirmation. Game Plan Summary For Scalpers: * Look for quick plays near $208-$210 with volume confirmation. * Stay disciplined with tight stop-losses to manage risk. For Swing Traders: * Focus on entries near support zones ($202-$205) or post-breakout ($210). * Patience is key—wait for pullbacks to ensure favorable risk-reward setups. Conclusion Amazon is at a crucial juncture, offering opportunities for both bullish and bearish setups. Scalpers can capitalize on intraday volatility, while swing traders should focus on the broader trend and key levels. Stay disciplined, use volume as a guide, and adjust based on market conditions.
NASDAQ:AMZN
by BullBearInsights
AMAZON Trend Stream Strat BUYScenario Analysis: Update: 11/26/2024 Market incline by 3.0% -TP1 / 3.2% -Tp2 then retraces to low area @ 210.46 Market inclines 3.2% then inclines 1.1% / 1.4% - 217.5 area due to increased volatility and sentiment of crowd market could continue to tp 3 due to situation of the push. Market incline 3.2% then decline 1.1% / 1.4% - 211.5 area News & Events: Update: 11/26/2024 Amazon outperforming market competition resources match SEIIV4L studio's economic data Trump new tech tariffs Structure: Strong solid green candles wicks small, trend unexpected to fall for reversals TA/TC & ECN wise MacD Crossing 50/50 area idicates higher volatility on both buying sides Strong bullish volatility price action jump getting wilder Objective & Targets: Update: 11/26/2024 Market incline by 3.0% -TP1 / 3.2% -Tp2 then retraces to low area @ 210.46
NASDAQ:AMZNLong
by Sylynt056