AMZN Short IdeaI went over this in last night's video as one of my 5 trade ideas for the week, but I guess I never posted the text version. Here it is, I expected a potential gap fill and fakeout above the trendline which is exactly what we got. Looking for a move back down to the 167 area for now.Shortby AdvancedPlaysUpdated 1
Trading Amazon’s Negative GapNegative gaps leave lasting scars on price charts, often forming formidable resistance levels upon retest. As Amazon approaches the critical area formed by its August 2nd gap, let's explore two strategies for navigating this retest. Understanding Amazon’s Negative Gap On August 2nd, Amazon’s share price experienced a significant negative gap, opening over 12% lower than the previous close. This drop was driven by the company’s disappointing earnings report, which highlighted slowing online sales growth and increased competition from low-cost retailers like Temu and Shein. Despite strong results in Amazon Web Services (AWS), the market’s reaction was swift, as investors grew concerned over consumer trends and competitive pressures. The negative gap left a distinct resistance zone on the chart, marked by the gap’s top, which now coincides with several key technical levels, including the VWAP anchored to July highs and a descending trendline connecting recent swing highs. Amazon (AMZN) Daily Candle Chart Past performance is not a reliable indicator of future results How to Trade Amazon's Negative Gap Traders can approach Amazon’s negative gap with two distinct strategies, depending on their risk tolerance and trading style: 1. Aggressive Approach: • Entry: Wait for the price to close the gap by reaching the resistance zone near the top of the gap. • Confirmation: Look for bearish price patterns to form on lower timeframes, such as a small double top or a bearish engulfing pattern on the hourly chart. • Stop Loss: Place the stop loss above the descending trendline and use a multiple of the Average True Range (ATR) to account for short-term volatility. • Target: The target for this trade would be a retest of the August lows, capitalizing on the potential rejection from the resistance zone. 2. Less Aggressive Approach: • Entry: Wait for a break and close below the ascending trendline that has formed during the recovery rally. • Confirmation: This would signal the formation of a new lower swing high, indicating a potential reversal. • Stop Loss: The stop loss can be placed above the newly formed swing high. • Target: Similar to the aggressive approach, the target would be a retest of the August lows. Conclusion Navigating Amazon's negative gap requires a careful assessment of the price action that forms around the confluent resistance zone created by the gap. Whether opting for an aggressive entry near the gap top or a more cautious approach following a trendline break, understanding the technical landscape and implementing risk management is crucial in executing a well-informed trade. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83.51% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. by Capitalcom3
AMZNAMZN based on Elliot Wave and Harmonic I think will go down for wave C and get crab TPs... Shortby Hmdalajmi1
AMZN 8/19Current Observations: Ichimoku Cloud: The price is above the Ichimoku cloud, which generally indicates a bullish trend. The cloud appears to be rising, supporting further upside potential. Support and Resistance Levels: Resistance 1 (R1): 174.73 appears to be a previous resistance level that has been surpassed, which may now act as support. New Resistance Levels: Based on the chart, new resistance could form around 178.15 (current level) and possibly 180. Stochastic RSI: The Stochastic RSI is approaching the overbought territory, which could indicate a potential pullback or consolidation before the next move. Potential Scenarios: Bullish Scenario: Entry Point: If AMZN consolidates and holds above the 174.73 support level, a potential entry could be around 175-176. Target Exit: You could aim for a target around 180-182, considering the current momentum and resistance levels. Bearish Scenario: Entry Point: If the price drops below the 174.73 support level, consider waiting for a potential bounce before shorting. Enter around 174. Target Exit: A potential exit target would be around 172 or even 170, depending on the strength of the downward move. Conclusion: Primary Trend: The trend is bullish as long as AMZN stays above the Ichimoku cloud. Short-Term: Watch for a potential pullback due to the Stochastic RSI being in the overbought region. However, as long as support levels hold, the trend remains positive. It’s crucial to watch the opening session and how the stock reacts around these levels before making any trading decisions. Adjust stop losses accordingly to manage risk.Longby BullBearInsights2210
AMZN ( Amazon.com, Inc. ) BUY TF H1 TP = 180.18On the H1 chart the trend started on Aug. 06 (linear regression channel). There is a high probability of profit taking. Possible take profit level is 180.18 Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested in it. Thank you! Good luck! Regards, WeBelievelnTradingLongby WeBelieveInTradingUpdated 4
Amazon updateUnderstanding pull backs and real trend is not for everyone,some when they see market dropping they wanna sell more,when I see stock market melting I generate liquidity into position,what I love most is when they pull back soo that I can get into position cz if they move they move n it takes time for corrections,I can't write paragraphs but I can bring out best trading plan n trading ideas.Longby mulaudzimpho5
AMZN / AMAZON 🔍 AMZN Analysis: Strategic Dates for Long-Term Accumulation 📈 The AMZN chart reveals key dates that could shape your investment strategy: December 29, 2025 & August 16, 2027 - Green Lines: These dates indicate potential local lows, making them ideal for accumulating AMZN shares. Investors should consider these as prime opportunities to position themselves for the next major upward trend in the stock. By planning around these dates, you can optimize your long-term investment strategy and take advantage of potential market corrections. #AMZN #StockMarket #InvestmentStrategy #NASDAQ #SNP500 #MarketTiming #Amazonby trushkovskiy1
AMAZON STRUCTURE Here is the structure we will have to follow for trading Amazon stock, there are possibilities of trading shorts here into the 1D OB before we have enough momentum to go take out the weak high, so exercise patience and sit on your hands and wait for the setup to present itself before you place the trade, do well to like share and follow, stay tuned for more updates.Shortby Dr_Trade11
AMZN 8/14Key Observations: Price Action: The price appears to be in an uptrend, as indicated by the higher highs and higher lows on the chart. A clear resistance level is visible around $172, where the price has tested multiple times. Volume Profile: There is a significant volume node around $167.50 to $166.15, indicating a strong area of support. The price has broken above a high volume area, suggesting potential further upside if the momentum continues. Trend Lines: The two ascending trend lines suggest a channel pattern, with the price approaching the upper boundary of the channel. The price is currently testing the upper trend line, which may act as a resistance. MACD: The MACD is showing a slight bullish crossover, indicating potential upward momentum. However, the histogram is relatively flat, which could mean the momentum is not very strong. Technical Levels: Resistance: $172 - $173: Strong resistance level, as seen from previous price action and the trend line. $178 - $180: If the price breaks above the $172 level, the next significant resistance is around $178-$180. Support: $167.50 - $166.15: This area has strong support due to the high volume traded at these levels. $162: A lower support level, which is also a high-volume node. Potential Trading Strategy: Bullish Scenario: Look for a breakout above $172 with strong volume for a potential long entry, targeting the $178-$180 range. Alternatively, wait for a pullback to the $167-$166 area for a potential long entry, with stops below $166. Bearish Scenario: If the price fails to break above $172 and shows signs of reversal, a short entry could be considered, targeting the $167-$166 support area. A break below $166 could lead to a deeper correction towards $162. Conclusion: Amazon (AMZN) is currently in a bullish trend but is approaching a critical resistance level. Watching for a breakout or a pullback will be key in determining the next move.Longby BullBearInsights337
$AMZN amazon at Neckline Resistance.... Rejection or Breakout!NASDAQ:AMZN Amazon price action is currently at neckline resistance of an inverse head and shoulder pattern around 143 Price has continuously found rejection at this point previously! Current price: $142.5 Continuous rejection will find supports: 122, 103, 82 If NASDAQ:AMZN breaks out from neckline resistance, expect: 164, 183, 204..Longby Ifiok-2sydesUpdated 2214
Amazon Stock Will Continue To FallIn this setup, we take advantage of a pronounced bearish divergence in the Amazon share. We are not targeting the low of August 5, 2024 as the price target for a short position, but rather the wick of August 6.Shortby Ochlokrat7711
AMZN Ascending Wedge Break Trade IdeasThis is a chart from one of my previous ideas centered around this ascending wedge from the October 2023 lows. Like many things, that uptrend is now a thing of the past, until bulls reclaim these uptrends it is looking grim for just about everything I see as far as tech and the mag 7 go. AMZN bulls tried to hold the 167 area after the trend break, which was the top of a previous gap from February. They did not succeed and it broke well below 167, but has now came back for a retest and had a small rejection so far but pretty much closed on the line. This is make or break, it's the April lows. AMZN is weaker than a lot of the other mag 7, this started when Bezos began to offload shares near 200. It has not been able to hold up since and I don't think it will start now. I consider this retest of 167 to be a fantastic short opportunity so I'll be watching closely. First short target would be 143-144. If it keeps going above 167, I'll be watching the trendline above for a short on a retest or near the 190-200 area.Shortby AdvancedPlays1
Bullish outlook on AmazonShould price fall further to support which was previous resistance before breakout of head and shoulders pattern. buy at $146 and target $313.Longby Zanokuhle_Capital4
Potential trend change for the worlds biggest retailer...Amazon has broken it's up channel from the 22 lows, it also peaked above the 21 high for less than 2 weeks, potential bull trap. Jeff Bezos has been selling, he was selling in 2021 also. Consumer discretionary is now down for the year, while the leading sector is utilities up 18%. With all the hype about the magnificent 7, is this contrary indicator now in play?by RobAllenS1
Amazon.comAmazon.com Announces Second Quarter Results SEATTLE--(BUSINESS WIRE)--August 01, 2024-- Amazon.com, Inc. AMZN today announced financial results for its second quarter ended June 30, 2024.by Esmail_from_Kuwait1
Amazon | Monthly Chart Breakdown (Major Bear Market Confirmed!)Good day my fellow traders, I hope you are having a wonderful week. Here I have for you a long-term chart for the AMZN stock, it has a pretty interesting story to share... Billionaires are taking profits! To start, we know all the stocks are highly correlated; What one does, the rest follows. This is a long-term chart and we can pretty much say that a major correction is underway; a bear-market. ➖ We can see a peak pattern in the form of a rounded top. We can see a complete breakout of this pattern, just as it happened in late 201. ➖ A major bearish signal comes in the form of a bearish divergence between AMZN and its MACD. This is the monthly timeframe so these signals are not weak. 👉 We are set to experience RED for months... How will this affect the rest of the market? Other major stocks are also red and pointing toward months of bearish pressure. We wait and see how it all goes. But it seems we are about to witness a major "billionaires taking profits" market flush. Namaste.Shortby AlanSantana14
Trading Effect on a PortfolioTrading Effect on a Portfolio When a person decides to join the financial world and buy stocks, commodities, currency, or perhaps even cryptocurrency*, they have to think about the approach they take to their management. There is the option of holding assets until they decide to sell them in months or years, and there is the option to trade them actively. Trading effect reflects how a trader’s actions influence the value of their portfolio. This FXOpen article explains what the trading effect is and how it serves as a way to quantify a trader’s performance. What Does Trading Effect Mean? Trading decisions exert a substantial influence on the performance of a portfolio. What is an effect in stock, forex, commodity trading? The trading effect reflects the outcomes of the choices made by traders as they buy and sell financial assets. Whether one engages in short-term or long-term trading, the consequences of these decisions are palpable. Short-term traders may experience rapid gains or losses, while long-term traders witness the cumulative effect of their actions over time. Managing trading strategies prudently is imperative to optimising portfolio performance. Don’t confuse the trading effect with the trade effect, which encompasses the various impacts of trade on economies and industries. It involves the allocation of resources, changes in economic welfare, and the movement of capital and labour. This is not the effect we will focus on in this article. Types of Effects Effects can be categorised based on the type of asset or instrument being traded. There could be a stock, forex, commodities, or futures trading effect. The effects are not just positive and negative. To analyse the impact of trading, traders apply various analytical tools and theories. The Epps effect in trading is one of them. It claims that the correlation between the returns of two different stocks decreases as the length of the interval for which the price changes are measured decreases. This effect is caused by asynchronous trading. Short-Term vs Long-Term Trading Effects Trading actions often yield immediate results, reflecting the rapid fluctuations and reactions within the market. The short-term trading effects can be driven by news events, earnings reports, market sentiment, and technical indicators that influence prices over short time frames. For instance, a day trader executing a quick buy or sell based on breaking news experiences immediate gains and losses. In contrast, long-term trading strategies involve a more deliberate and sustained approach, shaping one’s financial future through careful portfolio management. Long-term trading effects manifest over an extended horizon, reflecting the cumulative impact of strategic decisions. Risk and Reward in Trading The risk-reward trade-off is a fundamental concept in trading that involves balancing the potential for profit against the likelihood of loss. Traders often assess the risks and rewards of a trade before executing it. High-Risk Trading Strategies High-risk trading strategies may lead to amplified trading effects. For example, using leverage allows traders to control a larger position with a smaller amount of capital. While this may amplify gains, it also magnifies potential losses and can result in margin calls, forcing traders to either inject more capital or close positions at unfavourable prices. Trading highly volatile and speculative instruments can lead to significant price swings. While this volatility presents opportunities, it also introduces higher levels of risk. In unpredictable markets, sudden and unexpected price movements can also result in rapid losses, especially for traders employing aggressive strategies. Strategies for Managing Risk Diversifying across different asset classes and sectors helps spread risk. A well-diversified portfolio may be less susceptible to the negative impact of a single underperforming asset. Implementing stop-loss orders may limit potential losses. Traders determine these levels based on their risk tolerance and analysis of market conditions. They also control the size of each position relative to the total portfolio value, as it helps manage overall risk exposure. Markets evolve, and different strategies may be more suitable in varying conditions. Traders adapt their approaches based on the prevailing market environment and establish realistic profit targets, ensuring that the potential returns justify the assumed risks. The Impact of Behavioural Biases Behavioural biases can significantly impact trading decisions, leading to unintended trading effects. - Overtrading can lead to a cluttered portfolio and increased risk exposure. Driven by excessive confidence or impulsivity, it may erode gains through transaction costs. - Loss aversion is a psychological and behavioural bias observed in humans, which refers to the tendency of people to strongly prefer avoiding losses over acquiring equivalent gains. - Confirmation bias , favouring information that aligns with existing beliefs, can also lead to suboptimal decision-making. Confirmation bias potentially blinds traders to alternative perspectives and impacts their ability to adapt to changing market conditions. Final Thoughts Understanding and managing the trading effect is paramount for traders. Regular assessment and comparison of the results you get while trading over different time periods are foundational elements in developing the skills needed to navigate the market dynamics. If you want to continue building your portfolio, you may open an FXOpen account. Explore the TickTrader trading platform to choose between the various asset classes and diversify your portfolio properly. *At FXOpen UK and FXOpen AU, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules and Professional clients under ASIC Rules, respectively. They are not available for trading by Retail clients. 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.Educationby FXOpen2222
Analysis of Amazon (AMZN) Share Price After Disappointing ReportAnalysis of Amazon (AMZN) Share Price After Disappointing Report On Thursday, Amazon released its second-quarter report: → Earnings per share: actual = $1.26, forecast = $1.03; → Gross sales: actual = $147.98 billion, forecast = $148.66 billion. Amazon’s CFO, Brian Olsavsky, attributed the decline in sales to distractions caused by Trump’s news coverage and the Olympics, suggesting people spent more time reading news and less time shopping on Amazon. As a result, the sales forecast for the third quarter fell short of expectations, with management estimating between $154 billion and $158.5 billion, while analysts’ average estimate was $158.24 billion. Investors were disappointed by this news, causing Amazon’s share price to drop approximately 9% on Friday, creating a wide bearish gap. On Monday, the price also opened with a bearish gap and continued to fall, creating a precarious situation. However, by Monday’s close, the bulls had recovered the early trading losses, and on Tuesday, AMZN showed some stability, staying close to Monday’s closing price. Does this mean the downward trend (with AMZN’s price now more than 20% below its July all-time high) has run its course? Today's technical analysis of Amazon’s stock chart provides valuable insights: → In late 2023 and early 2024, the price gradually increased within a narrow range along the median of an ascending blue channel, indicating a consensus between buyers and sellers on the stock’s fair value. → Good news in early February pushed the price up, accelerating growth towards the upper boundary of the channel, which acted as resistance. → Last week’s report had the opposite effect. On the bad news, AMZN’s price fell to the lower boundary of the channel, where it found support. This price action shows the impact of news on deviations from the median, which may still be relevant. It’s worth noting the importance of breaking psychological levels (indicated by arrows showing false bullish breakouts at $200 and $190). It’s possible that: → AMZN’s price will continue to consolidate around the lower boundary of the channel, with former support at $166.66 acting as resistance; → We may see a false bearish breakout at the $150 level. Price forecasts for AMZN have slightly worsened since the report, as we warned on July 26. According to current forecasts by 41 Wall Street analysts surveyed by TipRanks, 40 analysts recommend buying AMZN. On average, they predict AMZN’s price will reach $223.60 (about 38% above current levels) over the next 12 months. 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.by FXOpen1113
amzn has long term support at 130-140Considering the 5 year chart with 45 min trading interval; AMZN has a great supportT 135-140. It is a great support that will not be broken!by kscroot113
AMZN - Selling PUTSMaking a few moves this morning, I like AMZN, do not mind owning so I am selling one put to try to grab a better price here as the market panics. Sell to Open AUG9 155 Putt @ 3.09by goldbug15
AMAZON Stock Chart Fibonacci Analysis 080424Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 164/61.80% Chart time frame : C A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : C A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the Support D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day. by fibonacci6180114
Amazon investment Is this a right time to get into position or what?I believe it was a massive pull back after we hit new high,which is normal as n institutional trader,my job is to generate liquidity into position.Longby mulaudzimpho555