PART 2 SPY QQQ + 7 Mega cap TECH stocks ForecastPART 1 SPY QQQ + 7 Mega cap TECH stocks Forecast Technical analysis
AMZ trade ideas
Amazon stock has been breaking through all the way upAmazon stock has been breaking through all the way up
This figure shows the weekly candle chart of Amazon stock for the past three years. The top to bottom golden section of July 2021 is superimposed in the figure. As shown in the figure, Amazon stock has been breaking through all the way up since the end of January this year and completing the top to bottom shoulder positions in mid March. It has now reached the top to bottom golden section above 1.000, very close to 0.809, but has not reached the high point of the short start position in mid August 2022! So, in the future, we will use this high point and the 1.000 level of the top to bottom golden section in the graph as the long short range, with high selling and low buying within the range, and chasing up and selling out of the range!
AMZN Daily3.21 % of SPX
Broke above weekly ichy cloud on 7/3.
RSI(12) weekly at 63.94 shows signs of topping.
above daily ichy cloud
rising 50 day ema rising faster than 200 day ema
accum.distr trend is declining
My take: currently it is running in a solid channel. As long as that channel doesn't break, it is a good dip buy long. RSI(9) on daily showing some decline, but there is a good floor underneath the RSI, which tells me this stock still has some good momentum. a Gann line at 127.29 would be an area to look.
AMZN LONG (Longterm Markup)I have been looking at AMZN for a while. I love how it's moving. Based on my markup I see AMZN reaching new highs in the next 2-5 years. As you can se the push down was to create more momentum to the upside. I will continue to update this markup.
Let me know what you all think! Like always I'm open to hearing other thoughts.
Apple leads, the rest will follow.Looking to pick up some zon at the 618 retrace, would make a sick looking head and shoulder if that is the reversal. Seems to me like a logical place to go long.
Rising WedgeEarnings today AMC.
Possible RSI Divergence.
Price is traveling in a Rising Wedge that is not valid until the bottom line is broken and it has not been broken as of yet.
I have noted that rising wedges which are bearish in the end, can be especially ominous at earnings.
It is possible for price to break up from a rising wedge and as the 2 upsloping lines converge at the apex, price can get squeezed to the upside. More often price is squeezed to the downside at the apex.
Price can stay above a Rising Wedge or inside a RW for a long time. Many oil stocks have been over rising wedges for over a year.
The issue with this phenomena is that when price comes down and hits the RWs beneath price, there is a large sell off due to the oversupply within the wedge.
No recommendation.
Don't be a hero.
Bullish Idea on BounceAMZN has a nice looking setup. I like the way the stock is up-trending and the moving averages are supporting it. I am looking for a bounce off the Daily 10 EMA for entry.
The only con if there is one is that I generally don't like trading during these hours when the algos are taking over and would much prefer to trade closer to 2. The market is flowing today so another concern is I don't want the stock to get exhausted and turn on me, so I'm being extra careful. But with everything set aside, this is a setup I like.
R1 - 137
R2 - 138
R3 - 140
Remember friends, this is just an idea that is not guaranteed to play out and is in no way financial advice.
Happy Trading!
AMZN ready for liftoff to $150This is based on my dowsing. I am expecting temporary lows in indexes into tomorrow and i have today and tomorrow as trade entries long AMZN.
The target is the $150 zone. It shouldn't break today's lod.
Date of the next swing high is 8/24 (or could be the 25th as that's the next high given for indexes). Dates and price alignment are not the most reliable yet. But, that's why I'm practicing them so we can buy the right expiry of options. Goals!
Regardless, $150 should get hit.
AMZNDuring the correction, bull markers have been observed in Amazon, ahead of the wide market. Movement in the channel.
SL 134
TP1 142 TP2 152
$AMZN fighting for 200 MA on the weekly NASDAQ:AMZN is fighting for the 200 MA on the weekly timeframe... if this is the top, and it loses this MA, then I'd be looking to around 119 for entry... based on 5 year volatility
Amazon Closes weekly below key support Amzn now below 50DMA
Next Supp 130
But watch also for 124 and 120 150DMA and 200DMA
#AMZN Potential Entry Levels For a $150 TestIn this update we review the recent price action in Amazon and identify the next high probability trading opportunities and price objectives to target
•Past performance not indicative of future results
My AMZN Chart using Elliott Wave TheoryI made this EW a while ago and I'm now going to share it on Trading View for you.
I see Wave 1 rejecting 146 as that's a key resistance. I then see it going to 114 for wave 2 as a key support line. I do have a zone for wave 2 however which is 114 --> 110 --> 101
Good luck!
Create & Organize Your 1st WatchlistA tutorial video walking you through how to create & organize a watchlist. In my experience I've found that organization is the key to consistency & that consistency is the key to success so having an organized watchlist is something that has been very helpful in both my trading and investing.
Hope you enjoyed the video & if you have any questions, comments or request for future videos please leave them in the comment section below.
Also if you have a second please hit that BOOST button to show me some love on your way you!
Plan Your Trade, Trade Your Plan!
Akil
Amazon PerspectiveJust looking at the Amazon Chart, I haven't looked at it for almost a year at this point and ironically we are in the same spot. The drop that I expected once we stalled in resistance did play out; however, Amazon has been able to keep up strong performances and has found itself back in position of resistance.
I do think this is strong resistance as it was just so euphoric when we hit the highs above this level, it was pandemic belief that we would all be living at home and getting drone delivered goods, even groceries from Amazon.
Competitors continue to exist for every Amazon service and they are strong and diverse, Amazon is still the best at what they do so there is no reason to be overly bearish; however, with inflation ticking up and some fear entering the market I would expect a pullback.
If Amazon can smash the October expectations we could see an inverse head and shoulders to round out this bearish period and maybe even head to new highs in mid to late 2024 (assuming a strong macro economic environment)
This is just my drawings and opinions.
August Trades (AMZN, account up 0.74%)6th day trade in August is NASDAQ:AMZN on 8/11/2023.
Account is up 0.74%.
Total return in August is 15.91%.
AMZN LONGYes, the knife is falling and I am trying to catch it so don't try this at home. Started a position at $83.90. I'll double the position if/when it hits that lower trend line in the area I circled around $70 or so. If that line holds I'll be looking for at least a 2 legged pullback to $110-120 and at most a run up to $145. Under $65 and I'm taking the loss.
Amazon may be a major investor in ARM IPO, will riseAmazon intention to invest in chip design firm ARM highlights the potential for both companies to profit from generative AI. The global generative AI market is expected to exceed $1.3 trillion by 2032.
Amazon is in talks with ARM to become an anchor investor in its IPO, people familiar with the matter said. In the 12 months to the end of June this year, Amazon spent $82.7 billion on research and development and $58.6 billion on capital expenditures
Amazon's Soaring Performance Sparks Investor Interest...Amazon's Soaring Performance Sparks Investor Interest: A Deeper Look at the FAANG Giant's Potential
Amazon, the e-commerce behemoth, has been riding an impressive upward trajectory in the stock market following a highly favorable quarterly update that ignited optimism among investors. With a remarkable revenue of $134.4 billion, showcasing an impressive 11% year-over-year growth, and a substantial leap in diluted earnings per share to $0.65, a noteworthy improvement from the previous year's loss of $0.20, Amazon has not only exceeded expectations but has also sent ripples of excitement through Wall Street. This momentous performance resulted in a notable 10% surge in the stock's value the day following the announcement.
The current landscape finds Amazon basking in robust momentum across its diverse business segments. Yet, amid the excitement, a crucial question emerges: Are Amazon shares a prudent investment choice at this juncture? To make a well-informed decision, investors must meticulously examine several pivotal factors revolving around this prominent FAANG stock.
Within Amazon's performance, two compelling narratives beckon investors' attention. The first narrative centers on the company's exceptional double-digit revenue growth in the preceding quarter – a feat that is particularly remarkable given Amazon's colossal size. This growth serves as a testament to the expansive potential that still lies within the markets Amazon operates in. Furthermore, this robust revenue surge hints at a stabilizing operational environment, bolstered by the overall resilience of the economy characterized by temperate inflation rates and low unemployment. Notably, other tech giants like Apple, Alphabet, Microsoft, and Meta Platforms have similarly surpassed the consensus analyst revenue projections, contributing to the favorable outlook for Amazon.
The second aspect that adds to the allure for investors is Amazon's remarkable surge in profitability. A stark contrast to the $2 billion net loss reported in the same period a year ago, the most recent quarter boasts a substantial profit of $6.8 billion. Emulating its tech counterparts, Amazon adeptly implemented effective cost-cutting strategies, significantly reducing its employee headcount by 27,000 since the close of the previous year. Consequently, the company's operating margin has ascended to 5.7% in Q2, a substantial leap from the 2.7% recorded in the corresponding quarter of the preceding year.
Glimpsing into the future, the positive trajectory continues as Amazon's management forecasts an impressive performance for the ongoing quarter. Anticipated revenue growth ranging from 9% to 13% accompanies an even more striking projection of a 180% surge in operating income at the midpoint. These promising forecasts offer compelling grounds for investors to consider Amazon as a potent contender for their investment endeavors.
Of paramount significance to investors is Amazon's flagship e-commerce operations, which remain a cornerstone of the company's identity and performance. Noteworthy is the notable 5% growth in sales experienced by the company's online stores, marking a substantial improvement compared to the stagnant growth witnessed in Q2 2022. This segment notably contributed to a significant 39% of Amazon's total revenue during the last quarter, underscoring its pivotal role in the company's overarching success.
In the context of the surging interest in artificial intelligence (AI), it comes as no surprise that AI took center stage during the Q2 2023 earnings call. CEO Andy Jassy emphatically emphasized Amazon's unwavering commitment to integrating generative AI applications across all facets of the business to elevate customer experiences.
Amazon Web Services (AWS), a dominant force in the cloud industry, is poised to emerge as a pivotal nexus for AI integration within its offerings. Jassy's emphasis on data as the cornerstone of AI further accentuates Amazon's vantage point, given its vast customer base in the cloud sector, positioning the company as a trailblazer in the AI revolution.
While AWS exhibited a minor deceleration in sales growth at 12% year over year during the last quarter, the impressive 24.2% operating margin underscores the unwavering strength and profitability of AWS within Amazon's multifaceted business portfolio.
As Amazon's potent momentum prevails, numerous factors kindle optimism about the company's future prospects. Reinvigorated revenue growth coupled with a consistent ascent in profits underscores a robust performance spanning all operational segments.
This stellar performance hasn't gone unnoticed by investors, resulting in an astonishing 69% surge in the stock's value in 2023 (as of August 4). Remarkably, even in the midst of this surge, the stock remains attractively priced, trading at a trailing price-to-sales multiple of 2.7 – notably lower than its trailing 10-year average of 3.1. In actuality, excluding the past year, Amazon hasn't exhibited such appealing valuation since 2017.
Positioned as a commanding force that profoundly influences both consumers and businesses on a daily basis, Amazon commands a pivotal role in the market while offering abundant growth potential for the future. In light of these compelling factors, Amazon emerges as an enticing candidate worthy of consideration for inclusion in one's investment portfolio.
Amazon! Welcome to reality ) We going to WXY correction. It will be long time correction... Hold your Cash to buy for better price.
AMZN AnalysisPrice did not play out as analyzed last week. Price gapped above the confirmation level of 136.65 and is now consolidating. From here, I'd expect a bearish retracement to fill at least the 50% level at 134.58 and potentially lower into the bullish OB at 118.60.
Collect Cash Waiting To Buy Amazon...Hey guys! Today, we're looking at a Trade Idea in Amazon, the giga-cap tech company and retail behemoth.
Like most of our trade ideas, this post focuses on selling put options - this time, on NASDAQ:AMZN shares.
In case you're unfamiliar with options -> when you sell a put option, one of two things happens.
Either;
A.) The stock price finishes above the strike price of the put when the put expires, in which case you make money.
B.) The stock price finishes below the strike price of the put when the put expires, in which case you’re forced to buy the stock at the strike price.
With the trades we publish, if the stock goes up, sideways, or down a bit, you'll make money. If the stock goes down a lot, then you'll be forced to buy shares.
In other words - either make money, or buy the dip!
The trick is finding the right stock at the right time.
Right now, Amazon seems like a great candidate for this strategy.
Selling the September 22nd, $131 strike put options yields more than 13.4% on an annualized basis, and the company is well positioned for a trade like this.
The company recently reported results, and they were good, showing a continued rebound in FCF and top line growth:
The company is still diluting shareholders at quite a rate, which isn't the best thing in the world, but it's alright considering the overall demand profile for the stock.
Otherwise, the stock continues to be in a strong bull trend, which supports a bullish option play:
On top of this, the company recently reported earnings and the stock jumped on the data, which could induce further PEAD, or Post-Earnings-Announcement-Drift:
Given that this trade idea has a 77% chance of finishing profitably over the next 43 days, we think its a solid balance of risk and reward. Worst case? You're holding Amazon, one of the best companies in the world.
Cheers!
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$AMZN 1 HR Bull FlagBullish wedge forming on NASDAQ:AMZN on the 1 hour chart, entering this trade according to market structure and price action on the tech sector, if buyers are strong at liquidity I will enter this and try and hold until $145 with risk management.
