AMZN Amazon could lose market share because of ChatGPT If you haven`t sold AMZN here for a profit:
Then you should know that the implementation of a chatbot like ChatGPT, powered by OpenAI's advanced natural language processing capabilities, could indeed provide an opportunity for consumers to find the cheapest price online for the same product. In an era where price comparison and cost-saving measures are highly valued by customers, this feature could be a valuable asset for Bing.
Amazon's reputation for having expensive and overvalued prices has been a topic of discussion among consumers. While Amazon provides a wide range of products and convenient shopping experiences, some users have expressed concerns about the pricing competitiveness on the platform. This presents an opening for Bing to attract cost-conscious consumers who are actively seeking better deals.
Furthermore, the concern over the origin of products, particularly those manufactured in China, has gained attention in recent years. Some consumers prefer to avoid purchasing Chinese-made products due to quality, safety, or political reasons. If Bing can provide a search experience that allows users to filter or identify the origin of products more effectively, it could cater to a segment of consumers who prioritize alternative sourcing.
If I had to buy some options, that would be the following puts:
2024-1-19 expiration date
$105 strike price
$4.10 premium
Looking forward to read your opinion about it!
Amazon
Amazon Up 47% This Year Already!Amazon is once again proving its innovative prowess by negotiating with key players like Verizon, T-Mobile, Dish Network, and AT&T to offer budget-friendly or free mobile services to its U.S Prime subscribers. This groundbreaking step could transform the telecom sector and strengthen Amazon's position by merging e-commerce and telecom.
Bundling wireless plans and a Paramount+ subscription into Prime, Amazon is poised to significantly boost its market status.
The company's stock has already skyrocketed 47% this year, with a 14% hike in May alone. A few potential roadblocks include the weekly 200 simple moving average at $132 and resistance at $144. Yet Amazon's consistent growth pattern suggests minimal impact.
Despite a 55% pullback between 2021 and 2022, Amazon is likely to bounce back and may even outperform its past peak.
With a successful telecom endeavor, shareholders could see stocks surge past $188 and potentially break the $200 resistance. This venture not only bodes well for investors but could also reinvent the e-commerce landscape by providing unparalleled integrated services.
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When the Dollar Breaks This Supply Zone, It Will Bring Pain!With the stock market already trading near the 2031 fair value target of $434.98, it's a wonder how far out investors are willing to bet on S&P 500 earnings. Apple and Meta found some resistance near their average analyst targets, and now we have to figure out what comes next. For me I see t least a 50% retracement for the S&P 500, which sits around $412 per share. A strong dollar and other potential catalysts from the economic landscape could also lead to SPY falling lower. I have a fair value range between $370 and $400.
Take a listen to the Equity Channel Podcast on Apple, Amazon and Spotify for more information on trading and investing.
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 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.
Why does Amazon look so bad? 😖 And what expect until end of 23? In period 2021-2022, the entire Sp500 index was pulled by FAAMG (Facebook, Amazon, Apple, Microsoft, Google).
Of all these five, Amazon looks weakest. Let's see why?
Amazon is engaged in Internet commerce 🌐
During the pandemic, the company felt great, as many people were forced to stay at home and order goods online.
However, covid ended and benefits stopped.
During period of low rates, people got into loans even more strongly.
Now that the key rate is >5%, it becomes very difficult to obtain and service loans.
As a result, people's incomes have dropped dramatically around the world 📉
Yesterday in an interview, Bill Gates said that development of artificial intelligence will greatly change the industry of searching for information and shopping on the Internet.
That is, the head of Microsoft says that because of AI, the business of Google and Amazon will not be sweet 📉
In general, such a situation does indeed take place.
Therefore, in a year or two, the familiar abbreviation FAAMG may become: FAM.
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If you are interested in analysis of any other asset - write in the comments and I will do it.
Amazon withdrew from the Chinese marketAmazon announced that its withdrawal from the Chinese market was attributed to fierce competition from domestic rivals such as Alibaba and JD.com, regulatory challenges and changing consumer habits. In addition, Amazon faced difficulties gaining market share in China, where local players with a deep understanding of the market and strong logistics capabilities dominate e-commerce, despite its withdrawal from the domestic marketplace. As a result, Amazon announced in June last year that it would end the operation of the Kindle e-bookstore in China on June 30 this year. After that, users cannot purchase new e-books. At that time, the incident attracted market attention, and China's Ministry of Commerce also responded to this, saying that this is a normal phenomenon in a market economy. The outage in the Chinese market will not affect its operations in other regions, and other users can still obtain the required applications through the Amazon App Store.
Relevant news may affect short-term stock price performance, but the long-term trend has little impact. The reason is that Amazon has withdrawn from the Chinese market, which has a relatively small impact on business operations and income. From another perspective, after Amazon starts from the Chinese market, it will concentrate its resources on other Asian regions and emerging market countries, which will have more room for future enterprise development, cost control and marketing. According to the stock price performance of Amazon on the Nasdaq market in the United States on May 23, the impact was less than 0.1%. Assuming that the U.S. debt ceiling negotiations do not have much effect on the market, it is estimated that Amazon's stock price may find support in the red range in this chart or develop upward in the blue price range.
Amazon -> Finally BullishHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Amazon stock is currently breaking above a major previous weekly structure area exactly at the $105 level which is now turned support.
You can also see that over the past months, Amazon has been creating a solid double bottom, weekly market structure and moving averages are also very bullish, so I am now just waiting for a retracement and then I do expect more continuation towards the upside.
On the daily timeframe you can see that with today's candle, Amazon stock is perfectly breaking above a major previous daily resistance area at the $112 level which is now turned support so I am now just waiting for a retest and then I am looking to get long on Amazon.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Potential base pattern on AmazonWe have identified a potential base pattern on the Amazon share price that will complete on a close above 114, the reaction high that we saw in January.
A close above 114 would complete the base an offer a potential upside target of 147.
One to watch!
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MyMI Option Plays - Amazon (AMZN)Just like AMD, NVDA is retracing back to the 50% level of it's most recent drop as well around $114.82. After announcing that they will be unleashing their own AI, I'm sure the reactions going to start picking up at some point behind that. Although AMZN is made of many other things.
But from an investment standpoint, I would be interested in going long as long as we break that retracement and hold finally.
We shall see!
AMZNHello ladies and gentleman
chart of amazon stock
Like we as see
Break key level with two candles
We have close candle above key level
And If we see first candle on the support
We can call it bullish engulfing
So now we can analyse what we can expect from
The price action
High probability to keep rise to next resistance
In next mounth
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Thank you
$AMZN - bull and bear thesisNASDAQ:AMZN
Daily timeframe
* Breakout, bounce off the support trendline and 3 daily bounces off the top of the triangle I have laid out, I still think this goes to $119.98. I think my previous bear case will be wrong, adjusting based on new information
Bull: I still don't see resistance until $119.98 (the nearest breakdown candle)
Bear: If it breaks below the bear flag, I'd expect a move back to $88.40
Amazon set to BREAKOUT or FALLOUTAs we analyze the 4 hour chart of Amazon I am honestly indifferent on the stock and would not be trading or buying it right now as it seems "stuck to me" based off these channels... When we look at the "macro" blue channel it shows upside with price pointing to higher 130s... but it would be a very swingy ride there.. right now we are in the white channel which is also very swingy and large for a channel to trade but profit to be made if TIMING is right... I have fib levels listing this as a Wave 2 and looking for more downside, but will continue to watch if we are to breakout of the resistance.. until then I would stay bearish.