AMZN EXCELLENT R/R SHORTWe can see in the bullish chart that it already has the 5 legs and that it is losing strength, making this the first red day for a good short.
AMZ trade ideas
LONG AMZN @ 197.12 because at 728-0, how could I not?I went long on NASDAQ:AMZN because it is oversold and is one of the stocks I have backtested my system on all the way back to its first day as a publicly traded company. AMZN has literally never failed to follow through with a profitable trade after being labeled oversold by my system. I can't ignore AMZN ever because of that.
It isn't always a smooth ride, but it's a dependable and profitable one (although not as profitable as you might expect). But I like trading stocks with a fully known history with my system and I have full faith that AMZN will turn a profit again.
Besides, it is in the middle of a LONG, strong uptrend. This recent pullback has support and looks like a typical pullback like so many others it has had while on this run. Obviously it could be worse than that, but it isn't worse than the dot com bubble bursting or the financial crisis/Great Recession and trades in it would have made money then.
So I will keep buying as long as it is oversold until the entire position is closed, just like last time I posted about AMZN. I will be closing lots as soon as they become profitable, so this could all be over on Monday, potentially/hopefully.
An average win is about 2.7% and while the average trade length is 15 days, that's skewed by a few REALLY long trades. 80% of the trades closed in 5 or fewer trading days and 54% of the 728 trades closed in one day profitably.
My goal here is between 1-1.5% and hopefully 3 days or less.
Catching The Next Impulse On $AMZNCatching The Next Impulse On NASDAQ:AMZN
Simply catching the next impulse on Amazon, a Nice impulse from 200$ to 212$
The Play Will Take Up To Two Weeks IMO
Not A Financial Advice.
Is the correction coming to an end?Gm team
AMAZON looks beaten up but it is on a low point on an upward parallel channel and also the cm williams vix fix indicator is saying the bottom is in or close.
Amazon Pullback Ahead of Crucial Black FridayAmazon’s share price has taken a breather in recent weeks, but the stakes are high with Black Friday right around the corner. As one of the company’s busiest and most profitable periods, this is a pivotal time for both Amazon’s business and its share price.
The Importance of Black Friday to Amazon's Business
Black Friday isn’t just a shopping extravaganza for consumers—it’s a profit engine for Amazon. Historically, Q4 accounts for roughly 35% of Amazon's annual net sales, and Black Friday is the centrepiece of that surge. In 2023, the company recorded over $149 billion in Q4 sales, and this year, guidance suggests even bigger numbers, with net sales expected to hit $181.5–$188.5 billion, reflecting growth of 7–11%. A significant portion of this increase can be attributed to the holiday shopping period, which also helps drive millions of new Prime subscriptions and locks in recurring revenue streams.
Prime Day-like events such as October’s Big Deal Days have added a layer of complexity this year, pulling some early spending forward. Even so, Black Friday and Cyber Monday remain critical, especially for high-margin categories like Amazon Devices, fashion, and third-party marketplace sales. For perspective, Amazon’s third-party sellers accounted for 60% of total units sold in Q3 2024, a trend expected to accelerate during Black Friday.
The stakes extend beyond sales figures—investor sentiment is tightly tied to Amazon’s ability to execute during Q4. With operating income guidance of $16–$20 billion, compared to $13.2 billion last year, Amazon is projecting significant profitability improvements. If the company can meet or beat these numbers, it could act as a catalyst for the stock heading into 2025.
Technical Analysis: Momentum Fading but Support Intact
Amazon's share price has enjoyed a solid uptrend this year, consistently printing higher swing lows and tracking above its upward-sloping 200-day moving average. The shares hit fresh trend highs earlier in November but experienced a sharp pullback beginning with a notable gap lower on Friday, the 15th. This move mirrored a broader selloff among the "Magnificent Seven" tech heavyweights, which faced headwinds from rising U.S. Treasury yields.
The pullback has brought Amazon's share price back to a key technical zone, where multiple levels of support converge. This area includes the 50-day moving average, a previously breached horizontal resistance level now acting as potential support, and an upward-sloping trendline linking the August and October lows. With the RSI at 49 and drifting lower, the technical picture suggests the market is at a crossroads. Upcoming factors, including Black Friday sales figures and further shifts in macroeconomic sentiment, will determine whether this level can act as a springboard or if the pullback gathers pace.
AMZN Daily Candle Chart
Past performance is not a reliable indicator of future results
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Amazon: Riding the E-Commerce and Cloud WaveAmazon is currently showing promising signs as it forms the right side of its base, presenting an excellent setup for long-term investors. With strong revenue streams from e-commerce and Amazon Web Services (AWS), the company remains a dominant force in multiple sectors. This diverse business model positions Amazon for sustained growth, even amid market fluctuations.
Technical Overview:
Recent price action shows Amazon bouncing off a strong support level around $182.38 , with its 21-day EMA acting as a key indicator of momentum. As it approaches the $200 mark, investors should keep a close eye on these critical levels.
Profit Target: Initial target at $201.20 , with further potential upside to $210 if momentum continues.
Stop Loss: Set just below the $182.38 support level to manage risk.
Indicator Insights:
Using tools like the MTF Squeeze Analyzer - and MTF SqzMom , we notice a squeeze firing on multiple lower timeframes, signaling that volatility is likely to increase. The 4Hour and Weekly timeframe shows a build-up in momentum, suggesting that this could propel Amazon toward the $200+ range. Monitoring these momentum shifts provides an edge in timing entry and exit points for the trade.
Momentum and Market Overview:
With the Larry Williams Valuation Index Indicator, we observe steady momentum on both the daily and weekly charts, supporting a positive outlook. The readings show consistent strength in Amazon’s price action. Notably, the stock has not yet reached its overvalued level , signaling a fair entry point for buyers. This provides confidence that Amazon is trading within a favorable range, with the market continuing to support buying interest.
Additionally, the general market is in an uptrend, as confirmed by the IBD Market School , with 100% exposure currently active and the Power Trend ON . This signals a favorable environment for growth stocks like Amazon.
Final Thoughts:
This trade idea leverages both fundamental strength and technical precision, supported by our indicators available in the TradeVizion toolset. By combining a clear understanding of Amazon’s market dominance with insights from these smart tools, this setup offers a well-rounded opportunity for both short-term gains and long-term growth.
Feel free to explore our scripts, designed to enhance your market understanding without overwhelming you with unnecessary complexity. Whether you’re trading breakouts or managing risk, having the right tools in your corner can make all the difference.
AMZN Reversal Setup: Trading Plans for Upcoming Momentum Nov 20AMZN is showing signs of recovery after a sharp sell-off, reclaiming key levels with momentum building on the hourly timeframe. With potential for both scalping and swing trades, this setup focuses on exploiting AMZN’s trend reversal opportunities. Here’s a detailed trading plan based on price action, liquidity zones, and technical insights.
Market Structure Overview
* Descending Trendline Breakout: AMZN has successfully broken out of a steep descending trendline, indicating a reversal attempt.
* Consolidation Phase: The stock is consolidating between $200.00 and $205.00, gearing up for a directional move.
* Volume Insights: Rising volume near support levels suggests accumulation and potential upside momentum.
Liquidity Zones
* Demand Zone (Support): $198.50 - $200.00. Strong buying activity has been observed here, making it a crucial level for bulls to defend.
* Supply Zone (Resistance): $205.00 - $208.00. Sellers may emerge in this range, as it aligns with previous rejection zones.
Order Blocks
* Bullish Order Block: $198.50 - $200.00. This zone could serve as a launching pad for further upside moves.
* Bearish Order Block: $205.50 - $207.00. Watch for potential rejections or profit-taking here.
Key Levels
* Support Levels: $198.50, $200.00.
* Resistance Levels: $205.00, $208.00, $215.99.
Technical Indicators
* 9 EMA & 21 EMA (Hourly): AMZN has crossed above these levels, signaling short-term bullish momentum.
* MACD (Hourly): Bullish crossover with increasing histogram bars, confirming upward momentum.
* RSI (Hourly): Neutral at mid-50s, offering room for further upside before overbought conditions.
Scalping Plan
* Entry: Enter long on pullbacks to $203.50 - $204.00 with confirmation from bullish candles.
* Exit: Target $205.50 for partial profits, extending to $207.00 if momentum sustains.
* Stop-Loss: Place a tight stop at $202.50 to manage risk.
* Game Plan: Use quick momentum-based entries during volume spikes, particularly near breakout levels.
Swing Trading Plan
* Entry: Accumulate positions near $200.00 - $201.00 for a potential upside move.
* Exit: First target at $208.00, with extended targets at $215.99 for a larger move.
* Stop-Loss: Place a stop-loss below $198.50 to protect against further downside.
* Game Plan: Wait for confirmation of a higher low on the hourly timeframe to add confidence to the swing setup.
Projection
AMZN’s breakout and consolidation above $200.00 indicate potential for a move toward $208.00 and $215.99 in the coming sessions. However, failure to hold $200.00 could see a retest of $198.50, offering another entry point for longs.
My Thoughts
AMZN is well-positioned for a continuation of its recovery trend. Scalpers can focus on quick trades between $203.50 and $205.50, while swing traders may find attractive opportunities near $200.00 with targets at $208.00 and beyond. Maintain discipline with stops and let the chart guide your trades.
Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and consult a financial professional before making trading decisions.
$AMZN: Market OutlookNASDAQ:AMZN : Market Outlook
NASDAQ:AMZN is in my GOLDEN ZONE, primed for a potential LONG setup. I’m watching for an UPTREND and RETEST (green arrow) to make my move. Targeting the DAILY GAP.
Like and follow and I will keep you updated!
AMZN TO TEST $195 and then LONG and make new highswww.tradingview.com
VOLUME dips when price increase from $200 level and increase when price dips meaning $200 level buyers and exhausting.
High selling pressure from ATH and today morning near $204.50 make sense that bears getting stronger for near term.
On 4H chart, VOLUME divergence on two highs, when price and volume increased on first high and volume dips on 2nd high (ATH) or even on breakout from first high level. Thus showing low interest in buying at high levels for at least short term.
$195 level getting support from 200 day MA
Can Two Paths of Wealth Lead to the Same Mountain of Impact?In an era where wealth accumulation often dominates financial headlines, Amazon's founding family presents a fascinating dichotomy that challenges our traditional understanding of success and impact. Jeff Bezos and MacKenzie Scott, once united in building one of the world's most valuable companies, now demonstrate how divergent approaches to wealth management can equally shape our future, albeit through distinctly different lenses.
The stark contrast becomes apparent in their recent financial movements: Bezos's methodical $5.1 billion stock sale through a carefully orchestrated 10b5-1 trading plan showcases traditional wealth management at its finest, maintaining significant control while diversifying assets. Meanwhile, Scott's bold $8 billion divestment for charitable causes, part of her larger $37 billion philanthropic initiative, revolutionizes the concept of billionaire responsibility. This juxtaposition raises intriguing questions about the multiple paths to creating lasting societal impact.
What emerges is a compelling narrative about the evolution of wealth stewardship in the 21st century. While Bezos continues to influence global markets and pioneer space exploration with his retained $213 billion in Amazon shares, Scott's approach of direct, unrestricted funding to over 2,300 nonprofit organizations challenges traditional philanthropic models. Their contrasting strategies suggest that perhaps the true measure of wealth lies not in its accumulation, but in its potential to effect change – whether through market innovation or direct societal intervention. This modern tale of two wealth philosophies invites us to reconsider our own definitions of success and impact in an age of unprecedented financial capability.
Aiming for Resilience: Trading Strategies for Amazon Next WeekRecent Performance: Amazon has faced significant market fluctuations recently,
experiencing a loss of over 4%. The stock reached a temporary high before
encountering resistance, resulting in sideways trading patterns. Market
pressure has intensified following competitive tensions with other
companies, particularly Hims and Hers, which contributed to Amazon's
decline. The overall sentiment surrounding Amazon is notably negative,
impacting investor confidence.
- Key Insights: Investors should carefully evaluate potential entry points for
trading Amazon. The recent resistance levels indicate a possible
continuation of bearish momentum, warranting caution in long positions. With
Amazon's advertising strategy anticipated to improve revenue, understanding
when to enter or exit trades could be crucial as the stock approaches key
price levels.
- Expert Analysis: Market experts express concerns regarding Amazon's
positioning, particularly with the integration of its advertising strategy
and increasing competition in sectors such as telehealth. While the long-
term outlook remains bullish, a current bearish sentiment requires strategic
adjustments by investors. The anticipated holiday season could serve as a
catalyst for a potential turnaround.
- Price Targets: Based on the wisdom of all professional traders, the following
price targets and stop levels are recommended for Amazon:
Next week targets: Target 1: 208.79, Target 2: 216
Stop levels: Stop 1: 200, Stop 2: 198
Longer-term targets include a potential move to the resistance at 230 within the
next two months, contingent on market conditions.
- News Impact: Significant news impacting Amazon includes its entry into the
telehealth market, inducing a sharp decline in Hims and Hers shares.
Additionally, Amazon's plan to enhance advertising on its platforms could
provide substantial revenue boosts, positioning it favorably for long-term
growth despite recent trading pressures. The robotaxi market also presents
new strategic avenues for Amazon's growth, garnering interest from
investors.
AMZN: Strong Rebound or Further Downside? Nov. 18, 2024Amazon (AMZN) has experienced a significant pullback, but signs of a potential bounce are emerging. With strong volume near critical levels, it offers opportunities for both scalping and swing trades. Let’s break down the key zones and actionable setups.
Technical Overview:
Market Structure:
Trend: Downtrend from recent highs, with buyers attempting to establish a base near $202.50.
EMA Levels: Price is below the 9 EMA (purple) and 21 EMA (blue), suggesting bearish pressure but with potential for a recovery.
Key Levels:
Resistance Zones:
$205.50 – Key resistance aligned with previous support-turned-resistance.
$209.90 – Psychological resistance and prior high.
$216.00 – Major supply zone from the recent highs.
Support Zones:
$202.00 – Current support level holding strong.
$200.00 – Psychological support.
$198.00 – Critical demand zone.
Supply and Demand Zones:
Demand Zone: $200.00–$202.00 (buyers stepping in with high volume).
Supply Zone: $205.50–$209.90 (sellers dominating at these levels).
Indicators:
MACD: Histogram shows bearish momentum slowing, with a potential bullish crossover developing.
Volume: Increasing green volume bars indicate growing buyer interest near $202.00.
Pattern:
Descending channel with potential for a breakout above $205.50.
Game Plan:
Scalping Plan (1-Min and 5-Min Timeframe):
Entry for Long:
Buy if price breaks above $205.50 with strong volume.
Target 1: $207.50 (mid-supply zone).
Target 2: $209.90 (upper resistance zone).
Entry for Short:
Sell if price rejects $205.50 or breaks below $202.00.
Target 1: $200.50 (psychological level).
Target 2: $198.00 (demand zone test).
Stop Loss:
Long: Below $204.50.
Short: Above $206.00.
Swing Trade Plan:
Bullish Scenario:
Buy if price holds above $202.00 and breaks above $209.90.
Target 1: $216.00 (major supply zone).
Extended Target: $220.00 (channel breakout target).
Stop Loss: Below $200.00.
Bearish Scenario:
Sell if price fails to hold $202.00 and breaks below $200.00.
Target 1: $198.00 (demand zone).
Extended Target: $195.00 (lower channel boundary).
Stop Loss: Above $203.50.
My Thoughts:
For Scalping: Focus on breakouts or rejections at $205.50 for quick trades. Keep an eye on volume to confirm direction.
For Swing Trades: Price action around $202.00 is critical. Holding this level sets up a bullish move, while failure could lead to further downside.
Directional Bias:
Short-term: Neutral-to-bullish if $202.00 holds as support.
Mid-term: Slightly bearish unless price reclaims $205.50 convincingly.
Actionable Suggestions:
Monitor $202.00 for signs of a potential bounce.
Watch for breakout or rejection at $205.50 to plan scalping trades.
Avoid trading within the $202.00–$205.50 range to reduce noise.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Always use proper risk management when trading.
AMAZON WILL GROW|LONG|
✅AMAZON is approaching a demand level of 200$
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bullish bandwagon just on time to get the best
Risk reward ratio for us
LONG🚀
✅Like and subscribe to never miss a new idea!✅
AMZN AB=CB Amazon (AMZN) AB=CD Pattern Analysis
Current Price: $202.61 (-4.19%)
The 10D chart of AMZN highlights a potential AB=CD harmonic pattern forming, which could signal an important price move in the near future. Here’s the breakdown of the structure:
1. Leg AB:
• The initial bullish move (leg AB) set the stage for the current uptrend, with price moving sharply from the lows to a key resistance zone around $215.90.
2. Leg BC:
• A healthy pullback followed, creating leg BC. This retracement found support near critical moving averages, suggesting strength in the trend.
3. Leg CD (Projection):
• Based on the symmetry of the AB=CD harmonic pattern, the projected completion point for the CD leg aligns with the $270.92 resistance level. This confluence strengthens the case for a significant move toward this target.
4. Key Levels to Watch:
• Resistance at $215.90: AMZN needs to break this level decisively to confirm the continuation of leg CD.
• Support at $81.96: A failure to sustain the current uptrend could invalidate the pattern and lead to a retest of this major support level.
5. Bullish Implications:
• If the AB=CD pattern plays out, we could see AMZN rally toward $270.92, offering a strong reward-to-risk opportunity for traders.
6. Risk Management:
• The pattern is invalidated if AMZN breaks below the BC low, signaling a potential shift in market sentiment.
Takeaway: The AB=CD pattern on AMZN’s chart provides a clear roadmap for both bulls and bears. A confirmed breakout above $215.90 opens the door for a rally toward $270.92, but traders should remain cautious of invalidation signals.
What’s your perspective on this potential harmonic move? Are you preparing for the breakout?
AMAZON Local Long! Buy!
Hello,Traders!
AMAZON is about to retest
A horizontal support level
Around 200$ and after the
Retest we will be expecting
A local bullish rebound
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
AMAZON: Small pullback expected. Buy the dip.Amazon is trading inside a Channel Up on the 4H timeframe, supported by both the 4H MA50 and the 4H MA200 and almost overbought on its 1D technical outlook (RSI = 68.804, MACD = 6.500, ADX = 38.620). The 4H RSI is printing a sideways pattern which was a sell signal when the previous bullish waves peaked. The first pulled back to the 0.382 Fib, the second to the 0.5 Fib. Consequently we expect a quick pullback here but technically the dip should be bought on the 0.382 Fib. Our target after that will be near the top of the Channel (TP = 230.00).
See how our prior idea has worked out:
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AMZN Approaching Key Resistance: Potential Breakout. Nov. 14, 24Amazon (AMZN) has been climbing steadily and is now testing a significant resistance level. Let’s dive into the supply and demand zones, price action, MACD, volume, and EMA indicators to spot actionable levels for scalping and swing trades.
Market Structure Overview:
AMZN is in an uptrend, approaching a strong resistance level around $215. The recent bullish momentum suggests a potential breakout, but with resistance nearby, a pullback could also occur. AMZN’s positioning near its highs makes this a critical area to watch.
Key Zones:
Demand Zone (Support): $210.74 - $212.00
This area has consistently attracted buyers, providing immediate support. If AMZN retraces to this level and shows signs of holding, it could be a great entry point for a long position.
Supply Zone (Resistance): $214.30 - $215.09
This range represents resistance, where previous attempts to break higher have faced selling pressure. A breakout above $215 with volume would signal bullish continuation, while rejection at this level could result in a pullback.
Order Block Insight:
An order block is visible around $212-$213, where institutional interest seems active. Reactions at this level could guide short-term trades, especially for scalpers watching for breakouts or bounces.
Support & Resistance with Entry, Exit, and Stop Suggestions:
Immediate Support: $212
Long Entry: Around $212 if there’s a bounce, targeting exits at $214 and $215.
Stop-Loss: Below $210 to manage risk if AMZN breaks lower.
Immediate Resistance: $215
Short Entry: Near $215 if resistance holds, with targets at $213 and $212.
Stop-Loss: Above $216 to limit potential losses if a breakout occurs.
Swing Trade Setup:
Swing Long: Above $215.09, targeting $218 and $220 if momentum sustains.
Stop-Loss: Below $214 to control risk if the breakout fails.
Swing Short: Below $210, aiming for $205 as the next support level.
Stop-Loss: Above $212 to manage risk if AMZN reverses.
Price Action Insights:
AMZN’s recent move toward $215 reflects strong buying interest, but the price action shows a slight hesitation near this level. A confirmed breakout above this range could signal a bullish continuation, while a rejection could see the stock retrace to the $212 support zone.
MACD and Volume Analysis:
MACD: The MACD shows a bullish crossover with a positive histogram, indicating upward momentum. This aligns with the potential for a breakout if AMZN clears $215 with strong volume.
Volume: Volume has increased during the recent uptrend, supporting the price action. Higher-than-average volume near $215 would add confidence to a breakout scenario. Low volume, however, may result in a lack of follow-through, increasing the chance of a pullback.
9 EMA & 21 EMA Analysis:
9 EMA: AMZN is trading above the 9 EMA, indicating short-term bullish momentum. If the price stays above this level, it suggests continued strength, making it a good signal for scalpers.
21 EMA: The 21 EMA is below the 9 EMA, confirming the uptrend and providing additional support. As long as AMZN remains above both EMAs, bullish momentum should persist.
Scalping & Swing Outlook:
Scalping: Look for quick long entries around $212 for bounces toward $214 or $215. For short scalps, $215 provides a resistance zone to play with a pullback toward $213. Tight stops are recommended given the current volatility.
Swing: A breakout above $215 with volume would favor swing longs, aiming for higher price targets. On the other hand, a break below $210 would open the door for short opportunities targeting $205.
Directional Thoughts & Suggestions:
AMZN’s current setup suggests a slight bullish bias if it can break through $215. My suggestion is to watch for a potential breakout above $215.09, targeting $218 if momentum holds. However, if AMZN fails to break this level and volume dries up, a short-term pullback toward $212 or $210 becomes more likely.
Conclusion:
AMZN is at a critical resistance level, with setups for both bullish and bearish moves. Scalpers and swing traders should monitor the price action and volume closely around $215. Keeping tight stops and observing reactions at these levels will be crucial to managing risk effectively.
Disclaimer: This analysis is for educational purposes only and not financial advice. Please conduct your own research and consult with a financial advisor. Trading involves risks, and past performance does not guarantee future results.
AMAZON Minor pull-back and then off to $240.Amazon Inc. (AMZN) has been following our bullish signal within the Channel Up we indicated on August 23 (see chart below) very accurately and is halfway through to our $240.00 long-term Target:
This is also confirmed on the lower time-frames, namely the 1D on this chart, where the stock can be seen trading within a Channel Up and having started its most recent rebound on the 1D MA50 (blue trend-line).
The first Bullish Leg of the Channel Up, pulled-back to the 1D MA50 (and Fib 1.0) after approaching the 1.382 Fibonacci extension level and then rebounded aggressively to hit (and even break) the 2.0 Fibonacci extension. Even the 1D CCI sequences between the two fractals are quite similar.
As a result, we don't dismiss the possibility of a 1D MA50 pull-back but that will be another buy opportunity on Amazon's way to $240.00.
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AMZN: Rising Wedge Formation with Key Support and Resistance📌 Overview
Amazon Inc. (AMZN) appears to be forming a rising wedge pattern on the 1-hour chart, typically signaling potential bearish reversal if support levels do not hold. Current price action is testing significant resistance levels, and the 9 EMA and 21 EMA are in play to provide momentum signals. Let’s analyze the key levels, indicators, and potential trade setups.
📊 Current Trend on the 1-Hour Chart
The 1-hour chart shows a series of higher lows, with price moving upward in a narrowing range, forming a rising wedge pattern. This setup often indicates a potential bearish reversal, especially if price fails to break above resistance.
Short-term bullish momentum is present, but there are signs of slowing as the price approaches resistance zones.
📉 Key Levels
Resistance Levels:
$212.25: The most recent high and an important resistance level. A breakout above this level, particularly with volume, could suggest bullish continuation despite the rising wedge structure.
$210.68 - $209.00: The ask price at $209.00 and nearby resistance at $210.68 are key zones where price has been struggling. A rejection here could lead to a pullback to lower support levels.
Support Levels:
$205.62: This is a critical support level and the lower boundary of the rising wedge pattern. A breakdown below this level, especially with volume, could trigger a bearish move.
Trendline Support: The upward trendline from the wedge formation is another potential support area. If price respects this line, it could provide short-term bullish support, but a break below would reinforce bearish sentiment.
🔄 Indicators
9 EMA and 21 EMA:
The 9 EMA (faster-moving) and 21 EMA (slower-moving) are converging, suggesting a potential shift in momentum. If the 9 EMA crosses below the 21 EMA, it would add to the bearish case, while a cross above could support a bullish breakout.
MACD:
The MACD shows signs of weakening momentum, with the histogram flattening and a potential bearish crossover forming. This aligns with the possible reversal signal from the rising wedge pattern.
Volume:
Volume has been decreasing as AMZN approaches the resistance zone, a typical signal in wedge formations. A volume spike upon breakout or breakdown will be crucial in confirming the direction of the next move.
🛠 Trade Setup
Bearish Scenario:
If AMZN breaks below $205.62, it could indicate a breakdown from the rising wedge pattern, suggesting potential downside. In this scenario, a target could be around $202, with further downside possible if selling pressure persists.
Bullish Scenario:
A breakout above $212.25 with increased volume would invalidate the wedge’s bearish potential, signaling bullish continuation. In this case, targets would be $215 and higher.
⚠️ Risk Management
Stop-Loss: For a bearish entry, consider a stop-loss above $210.68. For a bullish trade, place a stop-loss below the lower trendline or $205.62 to limit losses if the wedge breakdown occurs.
Position Sizing: Adjust position size according to risk tolerance, as a breakout or breakdown can bring significant volatility.
📚 Key Takeaways
AMZN is in a rising wedge pattern on the 1-hour chart, typically a bearish setup.
Key levels to watch include $212.25 for resistance and $205.62 for support, with the 9 EMA and 21 EMA giving additional trend clues.
Volume and MACD will be essential for confirming any breakout or breakdown.
💬 Conclusion
Amazon Inc. (AMZN) is at a critical juncture with a rising wedge pattern on the 1-hour chart, indicating possible bearish pressure if support fails. Traders should monitor volume and EMA crossovers to confirm the next move, whether it’s a breakout or breakdown.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Conduct your own research or consult with a financial advisor before making trading decisions.
Amazon Stock (AMZN) Holds Above $200Amazon Stock (AMZN) Holds Above $200
On Thursday, October 31, Amazon released its Q3 earnings report:
→ Earnings per share: actual = $1.43, forecast = $1.14;
→ Gross sales: actual = $158.8 billion, forecast = $157.2 billion.
The report exceeded analyst expectations, with additional optimism driven by Trump’s victory and a Fed rate cut, pushing Amazon’s stock price past the psychological $200 mark and reaching a new high above $210.
Today, Amazon’s stock chart shows the price beginning to round off (indicated by an arrow). Does this signal the end of the bullish trend?
Unlikely, given the strong fundamental support. In technical terms, it may be more accurate to consider the price’s vulnerability to a correction, especially as it sits near the upper boundary of an ascending channel.
Should a correction occur, a retest of the $200 level is possible. Support may come from the median line of the long-term blue channel or the lower boundary of the short-term black channel.
According to TipRanks, which surveyed 45 Wall Street analysts:
→ 44 analysts recommend buying AMZN stock;
→ On average, they forecast a 12-month price target of $238.
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.
amazonTLDRForming good software development habits can significantly enhance speed and maintain quality. Key practices include making small commits, continuous refactoring, prioritizing working software, creating new modules for disparate functions, and focusing on test-driven development (TDD) to anticipate edge cases. Avoid
