$AMZN Down Trend Begins NASDAQ:AMZN The first time #amazon 20 month moving average is crossing below the 50 month moving average. This is could be the beginning of a new down trend. Also in a bear flag.
AMZ trade ideas
AMZN Magic ZonesFor longer duration holding periods, taking profits in the $120 range seems appropriate. Buying as close to the yellow zone $85-$90 would be the most ideal.
MyMI Options Play - AMZN CallsAMZN has recently broken it's current downtrend channel as identified but has also broken above and found closure/support above the 50% retracement from the $180 ATHs that it saw back in Nov. 2021.
I haven't purchased my long-term opts on this yet to see if a reversal in the current market push due to NVDA and other AI-Based movements that are holding up the markets. I expect some retracement at some point and potentially back to $114. From there I will look at the support we find back at that 50% retracement level ($114) and look for a long-term hold to back to the $140-$145s (if not higher).
Amazon positive momentumTraded and closed above AVWAP resistance at $121. Has pulled back to test support of AVWAP, check reaction off this level. Next target (white line) 200 week moving average and after that next AVWAP resistance around $135.
Positive momentum on the MACD and RSI
Amazon value will be halvedMuch like the Nasdaq, Amazon stock is in for a rough few years. While the stock has only known the way up in recent years, shareholders must currently have strong nerves. It is possible that the 61.8 retracement at $72 can be defended, but the stock will probably fall at least until then. The ideal target, however, is at 55.80$.
AMAZON on a 1D Bullish Cross, first since Feb 2020!Amazon Inc (AMZN) just completed a Bullish Cross on the 1D time-frame, the first in more than 3 years (February 04 2020)! That alone is the strongest long-term buy signal we could get. On the shorter term, now that the price is comfortably above the Bear Cycle Lower Highs, we will start targeting on every pull-back the upper Fibonacci levels, which match fairly well the Lower Highs Resistances of the Bear Cycle. Our medium-term target is 146.50 (slightly below the 0.618 Fibonacci).
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Amazon Testing Key Pivot Zone. . .Watch today's close with respect to 120.69-121.69 - region defined by the 61.8% retracement of the August decline / 100% ext if the 2023 rally.
Initial support now back at the median-line / 114. Bullish invalidation raised to 104.10.
A topside breach from here keeps the focus on the September 22' uncovered gap near ~126.28 and the upper parallel near ~130.
$AMZN with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NASDAQ:AMZN after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%.
AMAZON ,,, Weekly Uptrend
In my idea, Amazon is inside an uptrend and after this weekly breakout and confirming above the S/R level, I'm waiting for touching next level at about 146.
There is a chance for a pullback for buying at cheaper price but I preferred to enter completely. Setting SL is important all time.
AMZN - Breakout Rising Trend Channel🔹AMZN has broken the rising trend up in the medium long term.
🔹The moving average indicator has also given a positive signal.
🔹AMZN has support at 113 and resistance at 136.
🔹Overall assessed as technically positive for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
AMZN - Take off 60% ? AMZN - Take off 60% ?
A popular stock + above the average line 150MA + Down Resistance line breakout (4 times & BOOM).
Only an idea and not a recommendation for trading !
AMAZON.COM,Inc AMAZON broke and closed above 119,73 on the daily timeframe, which has become the new support. One can expect further move up all the way to 145.59 as the first target and 170.36 as the second target .
Arrival of the Golden Cross - Amazon Breakout ComingThis is a once in a lifetime opportunity to buy Amazon stock. The arrival of the golden cross is extremely bullish.
Breakout Cup "Amazon" buy about 122$"Amazon" has broken above a previous resistance area with a strong price gain supported by greater than normal volume . Be careful as it could pull back. Perhaps look for a buy price if it reaches 122$ to confirm direction"
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$AMZ Inverse head & shouldersNASDAQ:AMZN Weekly chart Inverse head & shoulders pattern. target horizontal line up above.
Inverse H&S on 30 min, AMZN.Looking to add with a break of the inverse head and shoulders visible on the 30 minute chart. AMZN in a clear up trend now and looking to break out of trend channel. $117.20 ish
Amazon Set To Reach 40% Growth For 2023?From October 2001 to July 2021, Amazon shares rocketed from $0.27 to a record-breaking high of $188, a stunning 70,000% rise.
Remarkably, during the height of the Covid-19 pandemic, Amazon's stock surged 23%, contrasting sharply with the S&P 500's 19% dip.
However, in late 2022, Amazon faced a downturn, with prices falling below the $100 mark. After hitting a low just above $80, prices started to bounce back, battling resistance at the $100 mark until eventually regaining ground in January 2023.
Currently, we are seeing a bullish trend with higher highs and higher lows. The share price has surpassed its February 2nd high at $114 and is now using this level as support.
Considering the stock has already ascended 34% this year, reaching a 40% growth mark over the coming weeks or months is plausible.
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AMZN AnalysisPrice did not play out as analyzed last week, it consolidated at the same area. From here, I'm expecting 2 scenarios. First, if price breaks above the highs at 118.60 and 121.32 cleanly, I'm expecting price to continue higher following the bullish order flow. Second, if price breaks below 109.25, I'm expecting price to follow my original expectations of respecting the current bearish POI and taking out the sell-side liquidity built over the past few weeks.
Amazon Update: Pressure is UpAccording to my analysis we are coming to the end of micro-wave 3 of our wave 3 of (C) of ((B)). I think we work our way up into the target box for the end of this retrace. After we top in our wave 5, we will head down towards my next box. If I am correct that signals around a 30-50% decline!...minimum. I hope I am wrong, but it appears there is a steep correction in the works for Amazon after this move higher.
If this count is correct, then that means our next major move down will be an A-wave. This indicates it will be swift and deep. It also means, Amazon is eventually headed even lower than that bottom box before it's done...
At this time though, pressure is up until $104 is broken. Good Luck my friends! And remember, I don't control price, I only state what I think it will most likely do next . Until price proves my count right, it is just a prediction , not a fact.
The turquoise count is my ALT and it is of a more immediate bearish trend. It suggests that the weakness shown after the earnings were released was just the beginning of this decline. It is less likely than my black count, but regardless it is still a possibility and must continue to be considered until price breaks $122.69 to invalidate that count.
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Bonam Fortunam,
--Tyler
