AMZN SHORT PROJECTION#AMZN is growing up inside a bullish channel where we are now about to see a possible reversal based on the daily resistance formed. A minor pullback/retracement might be seen in the next few days.
AMZ trade ideas
AMZN reclaims 7 year trend support 😳😲resistance zone from 2019 acting as support in a way after a small short trap below..
earnings continue to grow, not surprised lol I am a big amazon supporter I even get my groceries delivered by them sometimes.
Amazon is here to stay, that trend support from 7 years ago tells the story. targeting 163-185 from here 🎯
Amazon - Greed, Just Like Speed, KillsFirst, I understand that Amazon had an excellent earnings report, whether analyst estimates were gamed to the downside and it was easy to beat notwithstanding.
What you have to be really careful of right now is the excess greed that abounds in the markets. Greed is the thing that kills accounts the fastest, and when you blow your account, there won't be any use for TradingView anymore, and nobody will be able to have fun until you can save up to reload.
I am not saying any kind of bearish commentary on Amazon, although you should have reservations on this company because a lot of its business model is just to serve as an export faucet for stuff made in the Chinese Communist Party's land.
And you have to be careful with anyone whose business is tightly knit to communist China, because the International Rules Based Order is chattering disaster about "de-risking" from China.
Because the narrative about "Taiwan Invasion" really means that the CCP is close to falling and everyone is thinking about how to take control of that country.
But to take control of China, you need someone Chinese, which means you need a handpicked appointment from the Republic of China who will serve the globalists.
All this, and the 24th year of persecution against Falun Dafa by the CCP's Jiang Zemin faction just completed on July 20. In 1999, Jiang began a full genocide and organ harvesting campaign against 100 million spiritual believers, and it's persisted to this day despite Xi Jinping never participating.
In fact, Xi's Anti-corruption Campaign has been hitting the corrupt officials involved in the persecution ever since he took power in 2012.
Consider that the next time you see the media going off about what a Mao Zedong Xi Jinping is.
Amazon's monthly provides some clarity. The most notable thing is that the 2021-2022 distribution bars during the rest of the market's bull run indicates a proper and clear topping pattern.
And despite that, price never took out the most critical of lows, the COVID pivot at $81.30.
Instead, it spared it by 13 cents. Because numerology.
What it means is that long term, $80 becomes a target.
What's notable about price action before today's earnings report pump is that Amazon maintained the July low, albeit barely.
And this creates three weekly lows of equal "support."
Which also becomes a target.
Bear in mind, with Nonfarm Payrolls also being tomorrow morning, you may get yourself a trade setup that looks something like what happened to AMD on Wednesday:
AMD - Greed Doth Bad Habits Breed
When its ER came in hot in premarket and at open, and turned into a huge sell off and red day:
So the point with this call is to say that the August '22 $146 pivot may really hold. And if it doesn't hold, it might just get raided.
Which makes buying the top tomorrow morning something that isn't a particularly intelligent thing to do.
Worse, it means that buying the dip may be trading in the wrong direction, while selling the dump's retrace might actually be an optimal short entry.
Just keep in mind that we may have as much as another 2-3% of downside left in the SPX before we retrade towards/take out the tops:
SPX - The Sound of a Shattering Iceberg
If the markets really get blown to pieces heading into the end of Q3 in accordance with the JP Morgan collar, stuff like Amazon is going to head to a 5-handle by next year.
SPX/ES - An Analysis Of The 'JPM Collar'
You'll know the truth, in my opinion, when Amazon breaks the $125 flat bottoms, price won't come back, just like what happened with Netflix:
Netflix - I Hope You Like Catching Knives
What I really want to tell you all is that life still seems stable, it seems like all there is to worry about is making money and entertainment. But our world may very well change overnight, with no warning at all.
And what we've all done while the cards were still face down will be what determines who wins the pot and who loses their stack.
Amazon Potential H & S Amazon - NASDAQ:AMZN
- Reaching into over bought levels
- A pull back from current levels would not surprise
- A pull back could form a head & shoulders pattern
- A break out above OBV would be ideal, should this
occur this week that will change the outlook.
Rejection from over bought levels and the OBV resistance line (which has consistently rejected price since 2020) seems probable.
On the flip side we have a bullish MACD cross on the monthly timeframe which could mean we just need a little more time to mount.
All of the above leans me towards the H&S idea, short term pull back and continuation.
If the H&S played out there would be a great opportunity to trade specific levels outlined with good actionable stop loss / low risk profile. At present there is a high risk of rejection. This is not guaranteed. Just more probable at present. I'll be observing for now....but I would love to get exposure but on my own terms with less risk.
PUKA
Bleak prospects for Amazon shareholdersAmazon's strong quarterly figures were convincing, and the stock consequently shot up.
But will the rise be sustainable?
A look at one of the most important technical indicators gives little hope:
The strong inverse bearish divergence in the CumulativeDelta suggests that Amazon stock will soon correct significantly.
I am not giving a price target here, as the divergence is still building.
However, it can be said that the short side is clearly to be preferred in Amazon as soon as a corresponding reversal formation appears.
Amazon.com Gaps Up on Earnings Report.For the second time in 2023 Amazon.com inc. (AMZN) had a gap up on a quarterly earnings report. The current instance could be much more bearish than the January gap up. Note the RSI now has a bearish divergence while there was none in January. MACD lines has a bearish divergence.
Additionally, on 08/04/23 AMZN ended the session at the low of the day.
Those buying AMZN at the open of 08/04/23 could soon be experiencing PAIN!
AmazonEnjoyed the NASDAQ:AMZN ride from $107 to the current level. Now looking forward to the next move, an ideal move is a close above $144. We always root for the upside.
How To Add Indicators & Financials To Your ChartIn this Tradingview tutorial video, we take a look at how to add indicators & financials to your chart.
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Akil
I want to buy either AMZN or a leveraged gold ETF like JNUGSo my question is which one is better right now? To anwer that question, I set up a
daily chart of the ratio of the prices with a volume profile and anchored VWAP for
context and analysis. I have found that the ratio had a pullback into the support
of an anchored VWAP band below the higher and to the POC line where a bullish
contnuation resumed. On the RSI both the low and high RS lines are in a healthy
midrange. HA Candlesticks are fairly wide-ranged and rising from a base at the POC
line. My conclusion is easy, buy AMZN now. If or when rather AMZN cools off, incrementally
sell out of it perhaps to add to the leveraged gold ETF. I am a long term gold bug but need
to trade in the moment, and AMZN right now has far more glitter.
AMZN looking for $111Did a meditation and got the number 17 clearly. Checked dowsing and get bearish energy and ALSO the number 17 for points and the price of 11. Well, it was at 128 when I asked, so 17 subtracted gives the 111 figure. Pretty simple. Just how I want it.
That's it!
AMZN - Rising Trend Channel [MID -TERM]🔹Breakout resistance at 136 and next resistance at 145
🔹Supports 136 in negative reaction.
🔹Technically POSTIIVE for medium long-term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
$170 Target PriceGood earnings. A lot of good news. Chart is very healthy. I agree with many professional analysts that a new price target $170+
Once it goes above $145, it is piece of cake. Pure earnings.
Timeframe is 2-3 weeks to hit over $150 and lead to $170 but depends on the general market performance.
We might see a little pull back but I doubt not.
Not a financial advice.
Volatile SetupAMZN is completing a B-wave and can still extend to 144-148. However, it has a strong pull down to the 126-135 range and will likely get hit to that zone and show some choppiness next week trying to breakdown the 125 level.
Above 125 is bullish territory if it can find support there, but under 125 is very bearish and will signal beginning of C wave.
I posted an idea a few weeks back with post earnings expectation of AMZN hitting 135-140 (linked post). The main point I wanted to get across in that post is that the end game here is a nasty C wave that will eventually take it down to 60. Ouch.
Updated targets given its earnings reaction:
- down from here (sell zone) to 127-131, then chop before breaking down 125
- Initial target 115 by mid September (could happen earlier if 125 breaks in coming week or 2)
- 2024 target is 60 where it will bottom.. needs to breakdown 109, 101, 94 and 80 as potential support levels on the way down
AMZN: Bearish Bat: Anticpating Potential PPO ConfirmationAmazon has gapped up to complete an 88.6% retrace thus completing the BAMM. Now we can see that the PPO is trading outside the upper bounds, and once the PPO comes back down below the upper bounds, it will confirm a Bearish PPO signal at the PCZ of this Bearish Bat, therefore confirming the Bearish Entry. I think it will target $81 from there on, but it could go lower if it ends up being a continuation of a much more bearish ABCD Pattern from years ago.
I think this rally was stirred on by the positive earnings release, but failed to realize how unprepared the guidance was during the actual call, as they hardly provided any guidance for Q3 all they could provide was their hopes but not much beyond that.
$AMZN - MA rendevous!NASDAQ:AMZN - To me ERs are gamble that I seldom take.
Having said that this chart caught my attention and I see that all MA's have come together like a family reunion of some sort. Can they help to catapult NASDAQ:AMZN to next levels?
If ER reaction is positive coming Thursday, then there is a fair chance for price to gap up the marked level. If not then...
Note - ER price movements can get wild, the chart shared and information are just my opinion.
After the Report, AMZN Shares Soar Almost 9%Strong gains in Amazon's stock supported E-mini S&P 500 futures, which were hit by Fitch's US downgrade and Apple's disappointing report.
→ Amazon revenue for the quarter: USD 134.4 billion, +11% year-on-year;
→ profit: USD 6.8 billion for the quarter (-USD 2 billion last quarter);
→ the company continued to reduce the cost of maintaining supply chains;
→ growth of Amazon Web Services has stabilized as customers move from cost optimization to deployment of new workloads;
→ forecasts of sales growth encouraged investors.
The AMZN stock chart shows that a successful report pushed the price to a year high, trading in the morning may start around USD 129 per share. Thus:
→ a wide gap is formed on the chart, which can serve as support;
→ the price may rise from the lower border of the channel to the upper, where it may meet resistance;
→ RSI may bounce off the 50 line;
→ the market may be supported by the area around USD 133.5 per share, where the median line of the channel and the maximum from July 31 pass.
Despite the sharp rise, AMZN's share price is still far from meeting the average target values, which, according to Tipranks, are in the region of USD 157.
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.
Bounce coming before earnings?AMZN has been weak starting off August but it has placed us in a position to catch a bounce off of the 21MA around $131.00. After bounce, it could rally higher to $133 before earnings on Thurs (8/3) AH.
Amazon 140 or 100Amazon near crucial level to top the price channel if breaks 140 levels can be attained from here look for break out and postive price, if not sustains above swing high stop loss above channel target till mid of channel of low of the channel.
Previously strong rejection in this area with wick to left displays supply zone presence.
$AMZN Reported Positive EarningsNASDAQ:AMZN Reported Positive Earnings, forming a cup & handle on the weekly chart, if Amazon closes above 136 and consolidates in a bullish manner it will form the handle. We are bullish and we continue to see amazon stock moving higher.
Amazon earningsAMZN earnings are Thursday 8/3/23 at 4pm. Amazon (AMZN) reported earnings of 0.31 per share on revenue of 127.36 billion for Q1 ending March 2023. The consensus earnings estimate was 0.21 per share on revenue of 124.47 billion. The company beat expectations by 19.23% while revenue grew 9.37% on a year-over-year basis. The company said it expects Q2 revenue of $127 billion to 133 billion.
AMZN Q2 June 2023 Consensus:
EPS = .34
Revenue = 131.42 B
TTCATR VWMA20 levels:
R3 = 142
R2 = 138
R1 = 135
VWMA20 = 131
S1 = 127
S2 = 123
S3 = 120
VWMA levels:
VWMA50 = 126
VWMA100 = 114
VWMA200 = 104
AMZN options data:
8/4 expiry
Put Volume Total 65,397
Call Volume Total 109,568
Put/Call Volume Ratio 0.60
Put Open Interest Total 161,838
Call Open Interest Total 278,161
Put/Call Open Interest Ratio 0.58
8/18 expiry
Put Volume Total 17,428
Call Volume Total 36,640
Put/Call Volume Ratio 0.48
Put Open Interest Total 288,849
Call Open Interest Total 436,648
Put/Call Open Interest Ratio 0.66
9/15 expiry
Put Volume Total 17,819
Call Volume Total 23,535
Put/Call Volume Ratio 0.76
Put Open Interest Total 401,694
Call Open Interest Total 552,090
Put/Call Open Interest Ratio 0.73
AMZN earning#AMZN earning coming next thursday after hour.
If #amzn can hold above 130.5$ , next target : 134$/137.5$/144$
IF #amzn drop below 1305$ , next target : 127$/122.5$/117$
AMAZONMarket Seems to be in buying mood today for amazon stock, targets are not fixed, would exit at 1:1
