AMZ trade ideas
Amazon Has An Incomplete Five-Wave ImpulseAmazon is trading an in impulsive bullish cycle since the beginning of 2023 and it looks to be unfinished from technical point of view and from Elliott wave perspective, because it needs to be finished by five waves.
Recent decline has occurred due to recession fears, but it was in three legs A-B-C, which belongs to a higher degree wave 4 correction, especially if we consider a nice rebound away from the strong trendline connected from 2023 lows.
So, watch out on a bullish continuation at the end of 2024 that can send the price back to new all-time highs for wave 5.
AMZN: Buy ideaBuy idea on AMZN as you can see on the chart if only if we have the breakout with force the vwap and the resistance line by a big green candle.
AMZN Short , US Stock174 below weak
172.50/171/170 can test easily
170 below 164 will be next level where it can go
YOU NEED ONLY THIS SETUP TO MAKE MONEY..Check out my previous public ideas and see hot it works and how you can start making money.
Thanks for feedback! Let's get it!
Amazon chart weaknessesThe biggest stocks in the market, from the technology sector, tops on July 2024. Now they are showing some concerning data. The weak RSI and Fibonacci retracement levels perfectly match previous support and resistance levels. There are also other concerning factors.
Amazon shows lower levels in the RSI in the latest move-up. It is now behind the pivot line from 2022 and having resistance there in the bounce from the 0.382 Fib level.
POSSIBLE AMAZON SELL SET UPI got a weekly choch and Im waiting for a daily retest on the MACD to continue down. On the daily retest, when i get an bearish candle bigger than the previous and highest bullish candle, I wait for a retest on the 1hr or 15min and enter
TradingView Auto Chart Patterns - AMZN LULU GOOGL META NVDA I've been playing around with the auto chart patterns for a few weeks now and so far it's been pretty accurate. I think it's great to have an automated tool to help identify a lot of the common patterns I look for so I wanted to share. It also gives extra confirmation to my current bias. We'll see how these patterns end up playing out.
AMAZON LONG Trade Setup 15m TF - Sep 2, 2024AMAZON LONG Trade Setup
Amazon price crosses over the Risological dotted line at175.4 giving us a clear long trade entry.
Long entry: 175.4
Stoploss: 172.2
Targets for this short trade been marked on the chart for your reference and analysis.
Consider following me for more analysis and trade setups.
Amazon long Amazon found some support on the .618 level with a nice bounce towards the upside. Took the buy once it did closed the 4 hr candle on 172 level. Closing next week 9/3 week
$AMZN ONCE IN A LIFETIME Fibonacci Pyramid Long Term PlanNASDAQ:AMZN ONCE IN A LIFETIME
Fibonacci Pyramid Long Term Plan
Buys: 155.45 141.32 127 Target 210🎯
I loaded up on the FIBS this is a LOW RISK HIGH REWARD POTENTIAL!
I plan to LAYER OPTIONS and SHARES
Drop a LIKE if DOWN!
Amazon - Give me another -10%...NASDAQ:AMZN did not create a sustainable all time high yet and might head lower short term.
Click image above to see detailed analysis
Short term counter-trend moves are always very welcome because they allow you to enter trading opportunities within a major higher timeframe trend. After Amazon actually broke above the previous all time high but immediately closed back below, we knew that this was a false breakout. If we get a short term move lower, we might get another textbook trading opportunity.
Levels to watch: $140
Keep your long term vision,
Philip - BasicTrading
AMZN: Buy ideaBuy idea on AMZN as you can see on the chart because we have the breakout with force the vwap indicator by buyers.
AMZN Technical Chart ReviewWhen the AMZN daily chart is examined; It is observed that the price movements continue with the formation of the OBO Formation in the upward trend. As long as the AMZN price cannot pass the 191 level, it is evaluated that in price movements below the 178 level, it can break the 167 level and retreat to the 132 level.
AMZN longnot sure about short term but medium term looks great. lots of hidden and positive divergence. P/B is near 2009 lows double bottom. Loads of cash. This and Tesla look to be killer deals. Which one first though?
AMZN still not a buy hereAMZN I previously posted strong buy and $190 target, stock hit its head on that resistance hard, very weak, not a buy here will continue to monitor
Amazon.com May Be OverboughtAmazon.com has rebounded from a drop, but some traders may think the e-commerce giant will give back some of its recent gains.
The first pattern on today’s chart is the $181.87 level. It was the low immediately before earnings came out and represented the approximate high last week. Has old support become new resistance?
Second, Wall Street wasn’t thrilled with the quarterly numbers. (Revenue and guidance were light.) AMZN had its biggest drop since April 2022 as a result. That could make some buyers wait for retests.
Next, stochastics are dipping from an overbought condition.
Fourth, this month’s low and last week’s high could be mapping out the early stages of a falling channel.
Finally, the 8-day exponential moving average (EMA) could be getting stuck below the 21-day EMA. That’s a potentially bearish short-term trend signal.
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AMZN - BEARISH(CRPT FINANCE)Below, I will provide a very detailed analysis of AMZN using corporate finance
Discounted Cash Flow Models - "A Discounted Cash Flow (DCF) model estimates the value of an investment by predicting its future cash flows and adjusting those amounts to their present value using a discount rate. Essentially, it calculates how much future money is worth in today’s terms and sums it up to determine the current value of the investment."
Total Variance - "Total variance in finance reflects the overall risk of an investment, combining both systematic and unsystematic risk. Systematic risk, which affects all investments due to market-wide factors, cannot be eliminated through diversification. Unsystematic risk, specific to individual investments or sectors, can be reduced by diversifying a portfolio."
I have applied various types of Cash Flow Models so to provide a very broad view as to where the price of AMZN will reside. I applied a DCF model using data that I believed should be altered, and one in which was barely altered. Below are my results:
DCF: 86.016(Firm Valuation), 67.40(Equity Valuation)
ECF: 86.016(Firm Valuation, 92.92(Equity Valuation)
Unaltered DCF: -366.23(Firm Valuation), 2.55(Equity Valuation)
Firm and Equity Valuation simply refer to how the figure is obtained. Firm refers to the valuation of the company as a whole, and equity refers to the value of equity alone.
An Excess Cash Flow model(ECF) differs in that it focuses solely on cash flows available to equity holders, whilst a DCF uses cash flows to represent the whole firm.
As you can see, the unaltered DCF represents very different valuations. A negative value and a very low equity valuation. The reason I believe this occurred was because the unaltered DCF used a lower Beta, different risk free rate, and the absolute Working Capital.
My data reflected a higher beta(higher movement aligned with the market), higher risk free rate(which should lower valuations), and I smoothed out the Working Capital. I noticed that in the year of 2022, (-8,602,000) AMZN's working capital was negative by a large margin. I assumed this may be an outlier and was potentially safe to manually alter the data so to reflect a data figure closer to the mean(7434000000).
Models will obviously hold bias to a degree, though if we are very conscious of such bias, I believe it is okay, as long as its within sound judgement. I believe such is the case because a higher beta and a higher risk free rate would only provide a larger discount rate allowing a fairly generous valuation.
Total Variance Model -
Covariance between stock and market returns: 0.00010
Variance of market returns: 0.00007
Beta: 1.53875
Variance of stock returns: 0.00043
Systematic Risk: 0.00016
Unsystematic Risk: 0.00027
Systematic Risk as a Percentage of Total Variance: 37.46%
Unsystematic Risk as a Percentage of Total Variance: 62.54%
Our systematic and unsystematic risk helps us understand the risk that we are exposed to.
Our risk is greater exposed to the companies business decisions(Unsystematic Risk %).
AMZN ShortNo one is even thinking about the idea, im sure the fundamentals look great but chart telling me it's time to trim my shares and possibly start shorting here.
AMZN - Weekly Bearish SignsNASDAQ:AMZN ’s recent price action suggests that the stock may be poised for a further decline. After reaching the top of the long-term channel, Amazon’s price has pulled back and is now facing renewed selling pressure. This technical setup aligns with broader market concerns, particularly in light of recent economic data.
The rise in unemployment claims and disappointing PMI data signal growing economic uncertainty, which could weigh on consumer spending and, by extension, Amazon’s revenue. As the market digests this data, the technical weakness in Amazon’s chart could be a precursor to a more significant downturn, especially if economic conditions continue to deteriorate.
