AMZN Still shitting the bedAMZN is currently in a viscous rate of change retracement and is showing NO signs of slowing down. I wouldn't be surprised to see it testing a .764 support soon.
AMZN trade ideas
$AMZN - Broke out of the resistance#AMZN broke out of the descending broadening wedge and $104.00 resistance. Currently, hitting against the 200DMA. If ER is good, it could run to $118.44. Bad ER could see the stock pull back to $100.00 -$98.00 area.
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Not an investment advice.
Amazon Long TermHere is the long-term chart for Amazon. Again, as stated before, so long as something like WW3 doesn't derail Amazon and make them go out of business (which I highly doubt would happen), these numbers are real targets.
Bonam Fortunam,
--Tyler
ABC/DAMAN is struggling to reach EL level and stick there.
EL is 98. AMZN needs to convincingly get past this and there are still not guarantees with this wacky economy.
Price is sitting on a support level that is not super strong.
The more touches the stronger it becomes. This support level is made up of some resistance levels that could now sere as support.
Possible stop below C.
No recommendation.
T1 was met
Vision without action is a daydream.
Action without vision can be a nightmare.
AMZN - From A to Z Analysis ✈️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), we were looking for buy setups short-term as AMZN was sitting around a strong support.
AMZN rejected the 80.0 support and traded higher. However, we are still overall bearish trading inside the falling channel in blue.
🏹 For the bulls to take over long-term, we need a break above the upper blue trendline and blue zone 110.0
📉 Meanwhile, the bears can still push lower for a higher low . In this case, as we approach the 80.0 again we will be looking for new short-term buy setups.
Which scenario do you think will happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AMZN - inverted Head & ShouldersAMZN went through a complex Wckyoff Distribution that began from Sep2020, lasting more than a year before succumbing to the bear market of 2022.
Finally in Dec 2022 it dipped into a long term support area (80-84) and began to find support. The recovery since then has been choppy and an inverted head and shoulders (bottoming) formation began to take shape in this process.
Last Friday, AMZN finally broke above the neckline (zone 104-105.50) to close 106.96. Could this be another "false" breakup as it had happened earlier on 2nd Feb this year? We will not know for sure however the odds have improved with the formation of an inverted H&S formation (a bullish reversal pattern with good odds of success, though nothing is 100%).
With earnings expected on the 27th Apr, there is some risk taking a position now. However any dip going forward might find support around 95-06 region and could be opportunity to accumulate.
Let's see what happens after earnings!
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! "Let winners run and cut losses short". Take care and Good Luck!
AmznPrice finally broke above 104.50.
We tagged the weekly 50sma in friday (Purple wave). Last 2 reversals came at this area here.
I think until earnings late next week, we'll trade between 104-107.
An obvious double bottom has formed , if amzn has a bullish reaction on earnings I expect a move up to 122
Amzn and Google are the only big names that look bullish
Amazon has 30-50% upside Amazon has 30-50% upside based on the fact that all the other top tech stocks have made moves NASDAQ:NFLX $APPL NASDAQ:META just to name a few I like NASDAQ:GOOG and NASDAQ:AMZN at these levels
AMAZON SHORT TERM ANALYSISAmazon quarterly earnings are set to be announced Next week on Thursday, April 27 2023. On technical analysis, the price is retesting previous support, now turned resistance. The market is possibly setting up for one more bearish leg.
AMAZON ahead of recessionIn the upcoming recession, an analysis of US100 or SPX might seem more profitable but those who focus on single values in a volatile market, AMAZON opens a short opportunity ahead of the recession.
AmazonWe are about to experience a long bull run in a few days time.
This rally is expected to last for more than 3 years.
Buy AMZN . Use fair stop loss
TP 1 @ 135
Amazon.com bullishAmazon.com, Inc. is an American multinational technology company focusing on e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence
Amazon short entry We see a head and shoulders pattern forming with volume looking promising in terms of head and shoulders formation.
Watchlist 2023-04-18 $SPY $SCHW $AMRX $UBER $AMZNAMEX:SPY - No major news or economic events today. Continuing to grind higher to the 418.50 pivot where we should see a reaction.
For further confirmation of a trend day, watch for:
USI:ADD pinned near +\-2000
USI:VOLD ratio over +/- 3
USI:TICK cumulating past 0 wicking to +/-900
NYSE:SCHW - posted a rev beat yesterday. Had some minor price target adjusts down. But most are still in the high 0s for a price target. RVOL Pd was 2. Knocking on the door od 53 but prices look ready to break through the down trend after the earnings fakeout below 48 PD. IF we can get above and stay about 53 for 2 min at the open, looking for a quick opening drive. Else, will need to stay above this level for more than 10 min intraday for a swing.
NYSE:UBER - no news but breaking out of a tight range and a hammer bar PD.
NYSE:AMRX - up nearly 9% after saying it expects Q1 revenue of HKEX:550 million to HKEX:560 million, representing about a 12% increase from a year ago. Looking for continuation after a squential pullball to key support around 1.60.
Amazon is a buy now (NEW)Amazon still in a buy area.
Buy to play the bounce towards the downsloping resistance.
After reaching the target , more downside expected.
Good luck
