Amazon: Weekly Moving Average Resistance Amazon - Short Term - We look to Sell at 3219 (stop at 3346)
Preferred trade is to sell into rallies. Previous support, now becomes resistance at 3200.00. 20 1week EMA is at 3167. The 50% Fibonacci retracement is located at 3219 from 3762 to 2671. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 2768 and 2635
Resistance: 3200 / 3500 / 3700
Support: 2700 / 2500 / 2200
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Amazon
AMZN Potential Bearish Reversal | 17th March 2022We expect price to dip from our Sell Entry of 3084.43 in line with the 61.8% Fibonacci retracement to our Take Profit level of 2718.60 in line with Fibonacci confluence (127% Fibonacci extension, 78.6% Fibonacci retracement and 61.8% Fibonacci projection), along with the horizontal swing low support. Our bearish bias is supported by price trading under Ichimoku cloud indicator. Alternatively, price may break our entry structure and head for our stop loss of 3270.02 in line with the 100% Fibonacci projection level and horizontal swing high resistance.
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Amazon flowing down the river. AMZNGoals 2697, 2542. Invalidation at 3637 .
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
The Beauty of 50% Retracement FractalsThis is my third post about Amazon NASDAQ:AMZN in a week but I find the price action to be one of those rare, textbook, beautiful moments where 50% Retracements work in fractals. From the pullback on March 8th, to the pullback on March 14th, to the pullback at the open today March 15th... the patterns repeated on smaller timeframes.
Amazon 50 in 50Following Amazon stock NASDAQ:AMZN hitting the COVID low to ATH 50% Retracement on March 8th, 2022 prior to the split announcement I have been waiting for a pullback to enter on both the Retracement Level and in preparation for the pre-split (May 27th) rally I expect. Success will come from patience.
Amazon to regain some ground. AMZNImmediate targets 3244, 3366. Invalidation 2721.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Amazon move below 2700 implies more losesBuyers stepped out of this item at 3757 first on July last year then it retested the same price point on November 21, since it couldn't move above it then sellers took charge and now they are trying to push price below 2700. If 2700 gives way then it falls towards 2000 given that monthly RSI reading is at 49 implying that there's space to the downside.
Amazon 50% PRIOR to announcementThis is a maximum facepalm where I neglected to set an alert. PRIOR to the split announcement the 50% Retracement level for Amazon NASDAQ:AMZN was 2699.56. Price hit this Support level and held on March 8th, 2022 - two days before the announced split which will likely setup a rally. The split date is May 27th so to atone for my mistake I will be watching this like a hawk to find a risk defined entry to play the potential split rally.
AMZN has multiple paths it may takeI drew out basically all possible directions amazon could go. Neither bullish nor bearish at the moment (in my opinion), but according to the aroon-based strategy indicators, it may go down a bit before picking back up.
Note: all movement predictions are relative, may not be exact.
No advice here, just identifying possibilities.
BIG POST! Technical Analysis of 75 Stocks From The S&P 500 List!Hi followers and other TradingView users,
Baron Rothschild, a British banker and politician from a wealthy family, once said that the best time to buy is “when there is blood in the streets.” In simple words, when everyone else is selling, it's a great time to fill your portfolio.
At the moment, there have been quite scary times considering the current situation around Ukraine, plus S&P500 futures made a small break below 4300 , which might open the doors to lower prices. Actually, it is great because it can also open the doors to lower price levels for individual stocks as well.
Considering the potential "threat" to decline, I took over the entire SP500 list and analyzed all of them!! Those that caught my eye did a technical analysis to find the optimal entry points. Quite a lot of work, but I thought to share it with you guys as well, maybe you may find something useful here.
"Buy when there’s blood in the streets, even if the blood is your own."
The best stocks to invest in are the ones already existing in your portfolio. Maybe they are trading at lower prices, and your portfolio is in red. However, they are still the best options available to you. Why? If your's and your company's thesis are the same then you have already analyzed those stocks, and they are still in your portfolio only because you’re confident that they will perform well in the future. Then why not invest more in such stocks when they are down. As I have said previously take it as "SALE" in the mall. Look into your portfolio and find out those stocks which are currently trading at a cheaper price, hopefully, you find something from here as well.
Now, to talk about my given stocks below. These are just technical analyses, I can give the optimal entry prices for each one but you have to do your own fundamental analysis for them. One of my favorite "quote" about both analysis: Fundamental analysis tells you WHAT to buy, technical analysis tells you WHEN to buy. So, I share some ideas from where you can buy certain stocks but do your homework and do the fundamental analysis, do not follow them blindly!
In this post, you can find breakout opportunities to buy the strength after certain price levels have broken. Here are buying zones after corrections and some bigger names I have pointed out some price levels from where you can buy every dip to build up your long-term portfolio.
Use partial entries, long-term position builders can enter into certain stocks after it has reached inside the shown box and buy more if they should fall lower from the initial entry to average the entry price. Mid-term investors should start to build their positions somewhere in the middle of boxes.
Love it or hate it but here they are...
1) Apple (AAPL) - Buy the dip.
2) Adobe (ADBE)
3) Advanced Micro Devices (AMD)
4) Amazone (AMZN)
5) Arista Network (ANET)
6) Aptiv PLC (APTV)
7) American Express (AXP) - Buy the dip.
8) Bio-Rad Laboratories (BIO)
9) BlackRock (BLK)
10) Ball Corporation (BLL)
11) Berkshire Hathaway (BRK.B) - Buy the dip.
12) Cardinal Health (CAH)
13) Ceridian HCM Holding (CDAY)
14) Charter Communications (CHTR)
15) Comcast Corp. (CMCSA)
16) Cummins (CMI)
17) Salesforce.com (CRM)
18) Cisco Systems (CSCO)
19) Caesars Entertainment (CZR)
20) Devon Energy (DVN)
21) Electric Arts (EA)
22) eBay (EBAY)
23) Enphase Energy (ENPH)
24) Expeditors International of Washington (EXPD)
25) Meta Platforms (FB)
26) FedEx (FDX)
27) First Republic Bank (FRC)
28) General Motors (GM)
29) Alphabet (GOOG)
30) Genuine Parts (GPC)
31) Goldman Sachs (GS)
32) Hormel Foods (HRL)
33) Intel (INTC)
34) Ingersoll Rand (IR)
35) Intuitive Surgical (ISRG)
36) Johnson Controls International (JCI)
37) Johnson & Johnson (JNJ) - Buy the dip.
38) CarMax (KMX)
39) Kroger Company (KR)
40) Lennar Corp. (LEN)
41) LKQ Corp. (LKQ)
42) Southwest Airlines (LUV)
43) Las Vegas Sands (LVS)
44) Microchip Technology Incorporated (MCHP)
45) Altria Group (MO)
46) Moderna (MRNA)
47) Morgan Stanley (MS)
48) Microsoft (MSFT) - Load it up ;)
49) Match Group (MTCH)
50) Netflix (NFLX)
51) NRG Energy (NRG)
52) NVIDIA (NVDA)
53) NXP Semiconductors (NXPI)
54) Pfizer (PFE)
55) PerkinElmer
56) Pentair (PNR)
57) Public Storage (PSA)
58) PayPal (PYPL)
59) Qorvo (QRVO)
60) Rockwell Automation (ROK)
61) Rollins (ROL)
62) Snap-On Incorporated (SNA)
63) Seagate Technology (STX)
64) Skyworks Solutions (SWKS)
65) TE Connectivity (TEL)
66) Thermo Fisher Scientific (TMO)
67) Trimble (TRMB)
68) Tesla (TSLA) - You can buy it now but save some ammo for lower prices!
69) Train Technologies (TT)
70) Take-Two Interactive Software (TTWO)
71) United Rentals (URI)
72) Waters Corp. (WAT)
73) Exxon Mobil Corp. (XOM)
74) Xylem (XYL)
75) Autodesk (ADSK)
And that's all. Some may say and think that some of the given prices will never reach these zones. I would like to tell them - whatever! At least we are prepared, and if something bigger could happen with to the stock market, those who are prepared will win, because in March 2020 the bottom was made in just a few days.
Prepare, wait, aim, and shoot!
Do your homework!!
Regards,
Vaido
Potential Downside for $AMZNAs the market continues it's "risk-off" sentiment with uncertainty fears from the war in eastern Europe we are seeing less demand for tech stocks.
I do believe that later in the year there will be a lot of cost savings and potentially another stream of revenue from the logistics business $AMZN are building but for now on a technical basis the previous support zone is now a resistance zone meaning a push down to previous supports is likely.
Unless we have a major change in the fundamentals of market sentiment, I don't see AMZN being a good short term bet.
Amazon Analysis 17.02.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
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Thank you for watching and I will see you tomorrow!
Amazon to loose more ground. AZNImmediate targets 55, 53 and 50. Invalidation at 65. Invalidation at 70.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe