AMAZON Short after AB=CD+BB+ Fibo E levelAMAZON Short after AB=CD+BB+ Fibo E level, Target is the open gap+sma200
AMZ trade ideas
Technical Analysis for AMZN with GEX - Dec. 18, 2024With the broader market experiencing significant declines, Amazon (AMZN) has been no exception. Today’s drop marks a critical juncture for the stock, with implications for both short-term traders and long-term investors. Let’s dive into the technicals to uncover potential opportunities and risks.
Market Structure Analysis:
* Trend: AMZN broke below its ascending channel, confirming bearish momentum.
* Volume: A significant spike in sell volume indicates strong bearish sentiment.
* Sentiment: Current price action reflects uncertainty, with the market awaiting stability post-FOMC statements.
Supply and Demand Zones:
* Supply Zone: $227.50 – $230.00
* Demand Zone: $212.00 – $215.00
* AMZN has tested the $220.00 level, which coincides with a critical demand zone. Failure to hold here could lead to further downside.
Order Blocks and Support/Resistance:
* Key Resistance Levels:
* $225.00 (near-term resistance)
* $230.00 (major supply zone)
* Key Support Levels:
* $217.50 (recent low and demand level)
* $212.00 (strong support, aligns with prior consolidation zones)
* $200.00 (psychological level)
Key Indicators:
* EMA (9/21): The 9 EMA ($224.00) has crossed below the 21 EMA ($227.00), signaling bearish momentum.
* MACD: Bearish crossover with momentum accelerating to the downside.
* RSI: At 35, indicating the stock is approaching oversold territory.
Options Flow and Gamma Exposure (GEX):
* Call Walls: Significant resistance at $230.00 and $235.00.
* Put Walls: Strong support at $220.00 and $212.00.
* IVR (Implied Volatility Rank): 32.5, indicating moderately elevated volatility.
* GEX Insights:
* Negative gamma suggests potential for larger price swings.
* Put dominance indicates bearish sentiment.
Scalping vs Swing Outlook:
* Scalping:
* Focus on quick trades between $217.50 (support) and $225.00 (resistance).
* Use tight stops below $217.00 for risk management.
* Swing Trading:
* Potential entry at $212.00 with a stop-loss at $209.00 and targets at $225.00 and $230.00.
* If the $220.00 level holds, monitor for bullish reversals.
Actionable Suggestions:
1. Short-term bearish play:
* Entry: Below $220.00
* Target: $215.00
* Stop-loss: $222.00
2. Bounce trade from support:
* Entry: $212.00
* Target: $225.00
* Stop-loss: $209.00
3. Breakout above resistance:
* Entry: Above $230.00
* Target: $235.00
* Stop-loss: $227.00
Conclusion:
Amazon is at a critical juncture as it battles strong bearish sentiment. Key levels at $220.00 and $212.00 will determine the next directional move. Traders should remain cautious and use tight risk management in these volatile conditions.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and trade responsibly.
AMZN to 350While everyone is riding tesla fomo, im in Amazon at 200.
Why? Same reason I bought TSLA this April. Low P/B vs other mags and vs its own historical P/B. RSI on W shows big moves up and hidden divergence on both MACD and RSI. Free cash flow is crazy. Ecommerce is gonna be it boys. 2025 lets go. After Amazon hits the 2.618 fib at 350ish, time to rotate back to tesla. By then tesla should fall and consolidate.
$amzni will looking for to short amazon, but i will wait, its hard to but a stoploss here, maybe dayclose above the high is good and down
AMAZON ENTER 162 TP 165 AFTER EARNINGS NASDAQ:AMZN
ENTER 162 TP 165 AFTER EARNINGS
Amazon
Revenue Growth: Analysts expect Amazon’s revenues to rise 11.4% YoY in Q4 and hit a record high of $166.2 billion1. The company’s Q3 operating margin of 7.8% was the highest since early 20211.
Profitability: Amazon posted record net profits in Q3, and the metric almost hit a milestone of $10 billion1. Analysts expect Amazon to post per-share earnings of $0.81 in Q4, which is 285% higher than the corresponding quarter last year1.
Cost-cutting Initiatives: Amazon has undertaken several cost-cutting initiatives that have helped to improve its profits, despite slowing revenue growth1.
Bullish Target Price: The 210 price target from Wedbush places the firm among the most bullish for Amazon stock2. The average 12-month target price for AMZN stock from Wall Street analysts is 179, according to FactSet2.
Amazon Web Services (AWS): The top-line growth of Amazon’s enterprise-focused AWS has been gradually falling, and YoY revenue growth slipped to an all-time low of 12% in Q31. However, Amazon has stressed that the segment’s growth is "stabilizing"1.
Consumer Sentiment and Business Spending: During their Q3 earnings call, Amazon said consumers are trading down amid still-high inflation and a challenging macro environment1. It will be crucial to watch for commentary on the business spending environment in 2024
Amazon (AMZN) Stock Price Surpassed $230 for the First TimeAmazon (AMZN) Stock Price Surpassed $230 for the First Time
On 12th November, while analysing Amazon (AMZN) stock chart, we:
→ drew two ascending channels (a long-term one marked in blue and a steeper one represented by black lines);
→ anticipated a test of the $200 level as part of a correction.
According to the AMZN chart, since then:
→ the price corrected with a test of the $200 level (indicated by an arrow), aided by the median line of the blue channel;
→ it continued to climb within the mentioned channels, reaching a new all-time high — this week, the price hit $233.
Positive market sentiment is driven, among other factors, by:
→ Amazon's strong earnings report for the previous quarter;
→ expectations of a Federal Reserve rate cut, which helped the Nasdaq 100 index reach a new record, as we reported yesterday.
Can the price continue rising?
Technical analysis of Amazon’s stock chart today suggests this might be challenging because:
→ the price is near the resistance lines of both channels;
→ the RSI indicator is in the overbought zone, and you can spot a bearish divergence forming (a sign of weakening buyer momentum).
Given these arguments, the price could undergo a correction. If so, it might drop to the lower boundary of the short-term black channel.
According to TipRanks:
→ 45 out of 46 surveyed Wall Street analysts recommend buying AMZN stock;
→ on average, they predict AMZN’s price will reach $244 within 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: Are We Heading to $247 or Taking a Quick Dip First? Hey Mindbloome Family, here’s my take on Amazon (AMZN) right now:
1️⃣ If we break above $233, I think we’ll see a strong move up to $246–$247.
2️⃣ If we don’t break just yet, we could see a pullback to one of these levels first:
$225
$221
$215
From there, I’m still looking for a bounce back up to $246.
3️⃣ If we break below $215, that’s when we’ll need to pause and reassess the plan.
Wellness Tip: Don’t underestimate a good night’s sleep. Trading with a clear, rested mind makes all the difference—you’ll see the charts more clearly and make better decisions.
What’s your take—do we break through to $247, or are we dipping first? Let me know! If you want to chat more or dive deeper into this setup, check out my profile or send me a DM.
KRIS/MINDBLOOME EXCHANGE
TRADE WHAT YOU SEE
AMAZON 210 NEXT NASDAQ:AMZN
AMAZING AMAZON 210 NEXT
Recent Analyst Consensus: According to recent analyst predictions, the consensus target price for Amazon in the next 12 months is around $221.55. This would imply an increase of approximately 14.62% from the current price1. Keep in mind that this target price can vary among different analysts.
Historical Performance: Amazon has been a remarkable success story, with its stock price consistently rising over the years. It started as an online bookstore and expanded into various other sectors, including cloud computing (Amazon Web Services), entertainment (Amazon Prime Video), and smart devices (Amazon Echo).
Factors Influencing Stock Price: Several factors impact Amazon’s stock price:
Earnings Reports: Investors closely monitor Amazon’s quarterly earnings reports. Strong revenue growth and profitability tend to boost the stock.
Market Sentiment: Overall market conditions, investor sentiment, and economic trends play a role.
Amazon - This Could Be The Breakout Rally!Amazon ( NASDAQ:AMZN ) is creating a major breakout:
Click chart above to see the detailed analysis👆🏻
With this monthly candle, Amazon is finally breaking above the previous all time highs and could therefore start the next major bullish cycle. After a 5 year consolidation, a confirmed breakout will lead to an unbelievable short squeeze, which could bring us all the way up to the top of the channel.
Levels to watch: $200, $500
Keep your long term vision,
Philip (BasicTrading)
AmznTagged trendline resistance here at 230... overbought like all the other big tech..
Wont go into every overbought indicator because they are all lighting up.
Stock price hit 8% above 20sma... anything over 6 % is due for a rubberband snap back
I think in the next 2 weeks we get a pullback to 212 gap close and 20sma. I expect a bounce at 20sma.. then a grind back to trendline resistance. I highlighted how amazon can jus grind higher until major market correction or Bezo sells
I dont think we target trendline support until after earnings Q1
Smaller time frame..
Lets talk about entries.
If they give you 230 again that would be an entry or wait for a drop below 224
The key is whether it can be supported around 224.93-228.97
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-------------------------------------
(AMZN 1M chart)
It is already showing an upward trend.
The point to watch is whether it can maintain the price by rising above the Fibonacci ratio 1 (238.57).
If it fails to rise, it is expected to fall to around 172.55-186.98.
-
(1W chart)
Since the BW indicator is maintained at the 100 point, even if the price rises, it will eventually show a downward trend.
Accordingly, the key is whether the price can be maintained above the Fibonacci ratio 1 (238.57).
If not, it is expected to touch the MS-Signal (M-Signal on the 1W chart) indicator.
If it falls further, it is necessary to check whether there is support near 176.77-188.07.
-
(1D chart)
The HA-High indicator is showing signs of being created at the 224.93 point.
Accordingly, if the HA-High indicator is created at the 224.93 point, the key is whether it can be supported near this point and rise above 228.97.
If it falls after the HA-High indicator is created, it is important whether it can touch the MS-Signal (M-Signal on the 1D chart) indicator and rise.
If not, it is likely to touch the M-Signal indicator on the 1W chart.
-
When the StochRSI indicator falls and maintains in the overbought zone, if it shows resistance near 224.93, it is likely to lead to further decline.
If it leads to a decline,
1st: M-Signal on the 1D chart
2nd: M-Signal on the 1W chart
You need to check whether it can be supported and rise near the 1st and 2nd above.
Therefore, when it is confirmed to be supported in the 224.93-228.97 range, it is the time to buy.
The first sell period is near the Fibonacci ratio 1 (238.57).
-
Thank you for reading to the end.
I hope you have a successful trade.
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Trading Journal AMZN looked good as it bounced off the 50 ma, bought, sold 1/2 on the gap higher prior to earnings ( strange price action)
Sold rest prior to earnings as no profit cushion
From Prime to Subprime: Why December Could See AMZN Fall
As always, we like to keep it clean and simple, with technicals and analysis that's easy to see and understand. Let's get into it:
AMZN could see a modest correction this December. It's at an all time high, and well into two Wave 5 sequences on the 4h. It's also overbought on an least two oscillators.
We see a 5%+ correction to the $215 price range in the coming 3-4 days .
SUPPORTING OBSERVATIONS:
Recent Rapid Stock Appreciation:
AMZN has seen a significant rise, gaining 14.1% since November 29, 2024. Such swift increases can lead to overvaluation, prompting investors to take profits, supporting the reversal to $215.
Seasonal Competitive Pressures:
Ho ho ho. The holiday season intensifies competition, often leading to increased discounting and promotional activities. This can compress profit margins, potentially impacting Amazon's financial performance and investor sentiment.
Investment in New Ventures:
Amazon's substantial investment in initiatives like Project Kuiper, its satellite internet project, involves significant capital expenditure. While promising long-term, these ventures may pressure short-term profitability, causing some investors to reassess their positions.
Be alert.
Trade green.
AMZN is a straight tank heading for war.For those that know math, this is a unbeatable stock at this point in time. One of THE* best times in history to hold amazon. I sold my tesla profits for it.
AMZN Bull FlagI'm seeing a lot of bullish structure heading into CPI. Looks to me like bullish consolidation across the board, but important to note that if CPI turns us bearish that makes it even worse. For now, charts are pointing up in a big way. AMZN has been a market leader recently and has another bullish pattern here which could lead to another move up to make a new ATH soon. We have potential horizontal support here along with the lower end of the flag so the entry looks enticing to me.
The Nested PullbackPullbacks are a bread-and-butter pattern for anyone trading trends. A market moves with momentum, takes a breather, and then resumes its original direction. Today, we’re diving into a refined variation of this classic setup: the nested pullback.
What Is the Nested Pullback?
The nested pullback takes the traditional pullback and adds a twist. After the market initially pulls back and resumes its trend, a smaller, secondary pullback sometimes occurs during the continuation leg. It’s a minor pause within a larger trend, but it holds major significance for those seeking precision in both entries and trade management.
As depicted in the image below of Amazon's daily candle chart, we see an established uptrend, followed by a pullback. The trend resumes with strength, and crucially, we get a small pause—this creates the nested pullback pattern. It’s this compact formation within the broader move that makes it so effective, offering a structured opportunity for both entries and trade management.
This pattern is a prime example of how market structure and evolving price action can guide decision-making. It’s not just about spotting a pullback, it’s about understanding the conditions that create this nested structure and using it to your advantage.
Nested Pullback AMZN Daily Candle Chart
Past performance is not a reliable indicator of future results
Why This Pattern Can Be So Effective
1. The Cyclical Nature of Volatility
Markets are inherently cyclical, with quiet periods followed by bursts of activity. The nested pullback leverages this dynamic, forming during the quieter phase before volatility picks up again. This makes it an excellent pattern for timing entries just as the market gears up for its next significant move.
2. Not All Pullbacks Are Equal
A key factor in the nested pullback’s effectiveness is that it often follows shallow pullbacks—those with significantly less strength than the preceding trend leg. This relative weakness signals that the underlying trend is strong, and the market is likely to continue moving in the same direction.
The nested pullback pattern isn’t new, but it gained wider recognition thanks to the work of trading authors like Adam Grimes and Linda Raschke. Their insights have helped countless traders incorporate this subtle pattern into their strategies.
How to Trade It
The beauty of the nested pullback is in its simplicity. If you missed the initial pullback entry, this pattern often offers a second chance to join the trend. The structure of the nested pullback allows you to define your risk clearly: stops can be placed just below the small range or flag that forms during the nested pullback. This tight stop placement provides a favourable risk-to-reward ratio, making it an appealing setup for traders.
Managing the trade is equally straightforward. Keltner Channels can be a valuable tool here. By setting the Keltner Channel to 2.5 ATRs around a 20-day exponential moving average (standard settings), you can identify areas where the market might be overextended. If you’re long and the price breaks above the upper Keltner Channel, it could be a strong signal to take profits into strength. This approach ensures that you’re capitalising on the move while avoiding the temptation to hold on too long in the face of potential reversals.
The nested pullback works particularly well in strong, trending markets. It often appears after breakouts or during continuation phases, giving traders a structured way to enter or manage positions confidently.
Example:
In the chart below, Gold is locked in a strong uptrend, with prices initially pulling back to the basis of the Keltner Channel. Following this pullback, the trend resumed, but not without a brief pause spanning two sessions—forming the nested pullback pattern. This pause presented an optimised entry point for traders looking to align with the prevailing trend.
As momentum continued, prices surged into the upper Keltner Channel, providing a clear signal that the market was potentially overextended. This area served as an excellent opportunity to exit the position into strength, locking in gains before any potential reversal.
Gold Daily Candle Chart
Past performance is not a reliable indicator of future results
Summary
The nested pullback is a subtle yet effective pattern that builds on the simplicity of traditional pullbacks. By understanding its structure and why it works, you can use it to refine your entries and strengthen your trade management. Whether you’re new to trading or a seasoned pro, this pattern offers a practical edge in trending markets.
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
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Amazon’s Key Levels: A GEX-Driven Path to Trading SuccessTechnical Analysis for AMZN (Dec. 10, 2024)
Price Action:
* Opening Movement: AMZN opened with bullish momentum, continuing its trend from the previous session. It tested the $230 resistance level, coinciding with the Highest Positive GEX and psychological significance.
* Mid-Day: The price started consolidating between $225 (support) and $230 (resistance), showing indecision among buyers and sellers.
* Closing Trend: Towards the end of the session, AMZN slightly pulled back, hovering near the $226 zone but still maintaining its uptrend structure above key moving averages and trendlines.
Key Indicators Observed:
1. GEX Indicator:
* $230 Level: Marked as the highest positive gamma resistance, AMZN struggled to break above this level due to the options market hedging activity. Gamma levels acted as a natural resistance barrier.
* $225 Support: This level, corresponding to the 2nd Call Wall, provided strong support during intraday pullbacks, confirming its significance.
* Put Support at $217.5: Below $220, this zone indicates a potential area of buying interest if the price dips further.
2. Trend Lines:
* AMZN respected an upward-sloping trendline throughout the session, demonstrating a bullish sentiment.
* The price held above this trendline, reinforcing it as intraday support.
3. MACD:
* The MACD is currently bearish, with a downward crossover. The histogram is trending negative, signaling reduced bullish momentum and a potential pullback in the short term.
4. Volume:
* A spike in volume was observed during the test of the $230 resistance, indicating significant activity in this region. However, volume decreased during the consolidation phase, hinting at market indecision.
GEX Indicator Insights:
The Gamma Exposure (GEX) indicator highlighted key levels that directly influenced AMZN’s price action:
* Resistance at $230: This level acted as a ceiling, supported by high positive gamma levels, which increased market makers' hedging activity, limiting further upward movement.
* Support at $225: GEX provided a reliable support zone, giving traders confidence to enter long positions during pullbacks.
* Value of GEX in Trading:
* GEX helps traders identify where significant resistance or support levels lie based on options market activity.
* It enhances confidence by revealing hidden forces that shape price movements, offering clarity in volatile conditions.
* Without GEX: Traders may miss understanding why prices consolidate or reverse at specific levels, reducing their ability to predict market movements.
Trading Plan for Tomorrow:
Scalping Strategy:
1. Entry Points:
* Long Above $230: Look for a breakout above $230 with strong volume. Target $235.
* Short Below $225: Enter short if the price breaks below $225, targeting $220 or $217.5.
2. Stop-Loss: Use tight stops of $1 above or below entry points.
Swing Trading:
1. Bullish Scenario:
* If AMZN holds above $225, expect a retest of $230. A breakout could target $235 and $240 in the coming sessions.
2. Bearish Scenario:
* A break below $225 could lead to a decline towards $220 and potentially $217.5.
Disclaimer:
This analysis is for informational purposes only and should not be construed as financial advice. Always perform your due diligence before making any trading decisions.
Amazon patterns - How they played out long timeI have done simple no brainer analysis for AMZN as back test of some fundamental tech analysis. The following tech analysis concepts always worked out.
1. Cup and Handle
2. Breakout / breakdown
3. Triangular pattern
4. Double top and bottoms
Some observations
1. Deeper the Cup higher the come back target
2. Do not enter unless clear threshold / neckline break on C and H
3. It takes many tops to finally get deeper cups - Exit at 3rd or 4th top
4. 3 bottoms is sure indicator of bullish trend
5. Sharp triangles are golden nuggets for entering in Bullish trades
6. Bearish and bullish divergences may be false positives, look for threshold
7. Steeper the parallel channel deeper the dip or rise after breakout or breakdown
8. Observe consolidation clearly and trail with shorter time frames
Please add your valuable observations.
AMZN pullback to $201 (buying AMZD)MODs 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.
So...
Here's why I'm picking this symbol to do the thing.
Price above or at top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at near overbought level
VBSM is turning spiked positive
Price at or near Fibonacci level
Target is $201 or channel bottom
Buying NASDAQ:AMZD
AMZN SWING SHORT! currently hitting 2 major resistance trends + fib ext level expect a pullback from here
Aiming for Growth: Bullish Outlook for Amazon Next Week
- Amazon has recently seen a notable rise of 9%, fueled by a
strong bullish sentiment in the tech sector and its inclusion in the
"Magnificent 7" stocks. The company is benefiting from increasing consumer
spending ahead of the holiday season, contributing to positive overall
market momentum. Amazon's stock price currently stands at 227.03, marking a
significant performance relative to peers and setting the stage for
potential future gains.
- Key Insights: Investors should consider Amazon's innovative strides,
particularly with the launch of its new Tranium 2 chip, designed to compete
against Nvidia. This technological expansion positions Amazon favorably
within the competitive landscape. Market observers advocate for leveraging
potential dips, particularly around key support levels, to establish long
positions.
- Expert Analysis: Financial analysts maintain a strong bullish outlook for
Amazon, emphasizing its resilience and performance in a volatile market
environment. With robust innovation strategies and leadership in the
e-commerce space, experts suggest that investors closely monitor stock
dynamics around established support zones to make informed trading
decisions.
- Price Targets:
- Next week targets: T1 at 235, T2 at 240
- Stop levels: S1 at 218, S2 at 216
- News Impact: Recent trends indicate that Amazon is outperforming key
competitors, reflecting its adaptability to market changes. The focus on new
product launches reinforces investor confidence, while analysts spotlight
the potential for pullbacks to support levels as the market fluctuates.
These factors render Amazon a pivotal stock to watch for sustained growth
opportunities.
NASDAQ - AMZN : Amazon.com Inc.NASDAQ - AMZN : Amazon.com Inc on 9 Dec. 2024.
Bullish bias on H1 and all higher time frames.
Buy at CMP (227) and But Limit Orders at 215 and 211.
Stop Loss at 195.
Take Profits at 235 and 246.
$AMZN Tradespoon - Long Entry $220.55Tradespoon model generated long signal for AMZN NASDAQ:AMZN with 65% probability to stay above $220.55 today. Predicted range: $220.55–$224.78. Trend: +0.17%. NASDAQ:AMZN
