AMZNAMZN formed a double top starting in July of 21 and confirming in November of 21 with a break in January of 2022. Since then we have confirmed on the weekly chart a down trend under key 30 and 40 period averages on the weekly. Typical of bear market rallies there was a 44% rally in price from the lows of June 2022 to August of 2022 when prices hit the moving average and prior support now resistance and rejected sharply to the downside wiping out pretty much all of these "gainz". Personally I would not want exposure to the market at all. I have been opting for the shortest possible maturity treasuries (i.e. cash) and keep rolling that till opportunities look better. I have had this positioning since November of 21. Only recently have I made any moves and the exposure I have been taking has been on the short side via put contacts taken during rallies, my opinion is prices will continue to decline.
Amazon
AMZNHELLO GUYS THIS MY IDEA 💡ABOUT AMZN is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
Amazon Fractal from 2000 applied to 2020-2025 Bitcoin.Structure of Amazon pre and post Dot Com boom looks similar to BTC
There was no Quantitative Easing back in 2000. No QE now
Amazon was the dot com leader. BTC is the crypto leader.
Price chart suggests latest bottom would be September 2023
Amazon (dot com era) overlaid on BTC 2020-2025 still suggests BTC price pump 2024/2025, with BTC halving in April/May 2024 at catalyst.
I assume by April/May 2024 the Russia/Ukraine war will resolve
inflation will be priced in (or baseline rates will be priced in),
recession will be price in
Russian gas price crisis will be priced in
energy crisis will be priced in
Bullish for 2024/2025
Amazon | Bull Volume & Hitting A Moving AverageAmazon had a nice bearish retest gap today, finishing with a bullish hammer into the 100 MA. Notice as well the massive bull volume (the most since July 29th). Potentially a good swing trade with an entry above, a stop below, and your target at the 200 Moving Average. Thoughts?
AMZN: Bearish setup!!!Amazon, Inc look very interesting to short in weekly timeframe.
So, I love to trade stocks in big timeframe as the big benefit it's the patience and trade in big timeframe we could to earn a lot money in medium to long term and being disciplined.
So, I'm analyzing that Amazon look bearish in weekly timeframe that we could to get benefit trade in bearish trend. Also if you trade in Daily, still bearish. I like to trade stock and crypto in over Day timeframe and also swing trading are the best strategy to do, for me.
So, I'm bearish in Amazon, as the same stock market and cryptocurrencies.
Good luck!!!
Remember,I have another account to trade stock and crypto market, but I have another account just to trade Forex. What we could to get good benefit for our investment.
AMZNHELLO GUYS THIS MY IDEA 💡ABOUT GOLD AMZN is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
AMZNHELLO GUYS THIS MY IDEA 💡ABOUT AMZN is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this long position..
and when the price come back to this area, strong buyers will be push up the market again..
UPTREND + Support from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
Elliott Wave View: Amazon (AMZN) Rallying in a Double ZigzagShort term Elliott Wave view on Amazon (AMZN) suggests the decline to $123.66 ended wave ((A)). Wave ((B)) rally is in progress with internal subdivision as a double three Elliott Wave structure. Up from wave ((A)) low at $123.66, wave A ended at $128.50 and pullback in wave B ended at $127.18. Final leg higher wave C ended at $131.38 which completed wave (W). The stock then pullback in wave (X) with internal subdivision as a zigzag.
Down from wave (W), wave A ended at $126.39 and rally in wave B ended at $128.98. Wave C lower ended at $124.74 which completed wave (X). Wave (Y) higher is in progress with internal subdivision as a zigzag structure. Up from wave (X), wave A ended at $130.28 and pullback in wave B ended at $127.10. Stock should now continue higher within wave C of (Y) to complete the double three rally from 9.1.2022 low. Potential target higher is 100% – 161.8% Fibonacci extension from 9.1.2022 low which comes at $132.47 – $137.26. Near term, as far as pivot at 123.66 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
AMZNHELLO GUYS THIS MY IDEA 💡ABOUT AMZN is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this long position..
and when the price come back to this area, strong buyers will be push up the market again..
UPTREND + Support from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
Amazon | Fundamental AnalysisAmazon has been the undisputed king of e-commerce for years. The industry has been changing in unpredictable ways lately, spurred on by unforeseen events. The company took a huge leap forward at the beginning of the pandemic, and as its growth flattens out, has its high growth ended? And how will it affect Amazon stock?
According to Statista, Amazon leads other e-commerce operators by a wide margin. As of June 2022, it accounted for 38% of all U.S. e-commerce sales, followed by Walmart with 6.3%. This was due in part to Amazon's Marketplace, a platform for third-party shoppers that the company launched in 2000. In 2021, Marketplace accounted for 60% of total gross merchandise volume, about 25% of total U.S. e-commerce sales.
However, after a surge in sales amid a pandemic, growth is slowing. This is due to a combination of factors such as tough comparisons to last year's high growth, going through the flow of stimulus money, and inflation. North American product sales grew 10% year-over-year in Q2.
The pace of growth slowed from pre-pandemic levels, although even in Q2 they continued to build on last year's growth. Total sales were up 27% year over year in Q2 of 2021, and that figure fell to 7% in 2022. Company executives are forecasting an average of 15% growth in Q3, which is still below pre-pandemic levels. For example, in the Q3 and Q4 of 2019, sales were up 24% and 21% year over year, respectively.
The global e-commerce market is expected to continue to grow steadily, from $5.5 trillion in 2022 to $7.4 trillion in 2025. If Amazon maintains its share of the overall e-commerce market, then in theory its sales in this segment will grow organically with the rate of overall e-commerce growth. At this point, double-digit e-commerce sales are still an achievement. However, it is no longer the engine of company growth that it once was. If this were Amazon's only business, the company's stock would not look very inspiring.
Although e-commerce is the company's core business (at least for now), it is only one part of the puzzle.
The other important part is Amazon Web Services (AWS), the cloud computing segment. It remains a huge engine of growth, providing steady growth (33% YoY in Q2) as well as profitability. It accounted for 16% of total sales ($19.7 billion) in Q2 and was the only segment with a positive operating profit ($5.7 billion). Two other reportable segments, North American and International, posted operating losses.
AWS continues to introduce new features and services and expand into new markets, attracting new customers and expanding deals with current ones. The company is well positioned to grow sales for years to come.
In addition, Amazon is doing everything else as well. Although the company announced that it is closing all of its 68 physical Book, 4 Star, and pop-up stores, it has made more progress in grocery sales by opening 12 new Amazon Fresh stores in Q2. That's the key to future dominance. The company is well-equipped to do what you might call an elaborate gamble, and trying new types of business without fear of failure is how it thrives and dominates when it is successful. Otherwise, it shuts them down and moves on.
Amazon continues to make acquisitions that increase its top line and expand its dominance in new industries. The company recently acquired One Medical for $3.9 billion, one of the most expensive acquisitions in its history. A few weeks later, the company also announced the closure of Amazon Care, implying that it was making some revolutionary changes to its health care segment. It looks like Amazon is preparing for some major changes in this area that could disrupt the entire healthcare industry, in addition to digital technology and telemedicine, which are already redefining healthcare.
Despite the slowdown in e-commerce growth, Amazon's story is far from over. E-commerce growth is still in the double digits, so even so, the company remains in growing stock territory. But the other businesses it is entering make it a decent bet for strong growth in the coming years, both e-commerce-related and entirely separate.
Not The Precious Everyone Wanted.AMZN is betting big on The Rings of Power being as successful as The Lord of the Rings.
My first impression, I fell asleep watching it both attempts.
Complete snore fest and doesn’t engage anywhere near the magnitude LOTR did.
What’s that got to do with this online retailer?
Well it’s Prime Video. The underdog in the streaming wars.
I started analyzing AMZN a few weeks ago with this 15m Ascending Triangle
A clean break down, I decided to continue AMZ 15m series to see where it goes.
And finally a warning AMZN would not be in the No Mans Land for very long and provided an SPX level.
The next move for AMZN is bound to CPI and the next FOMC like every other equity that makes up the S&P 500.
There is some bullish sentiment I’m still reviewing that could see a lower CPI print and provide a short term bottom so be cautious.
Spreads are your friend!
But I keep hearing whispers in my head. SELL. SELL. SELL!!!
Thanks for reading my perspective.
Always remember, don’t take investment advice from people on the internet!
SHOUT OUT TO CRYPTO SAVY! AMAZON CRASH PATTERN IN BTC!I think there is a possibility that CRYPTO SAVY might nail it with his AMAZON / BTC comparison that he called out on December 2nd 2021.
Looks like it's playing out perfectly so far. I'll just add the EW count that i think this crash will be to SAVY's analysis.
I think we are in a "WXYXZ" complex correction (as shown in the chart).
I also think we will drop under the 2018 BTC low and bottom somewhere between 1.3k to 2.8k.
Let's see what happens....
XAUUSD Weekly Chart : 09.01.22In this chart, after a few weeks, we will check the weekly chart, we had identified two important levels on the chart and we expected the price to reach those levels and show a reaction, one was the range of $1783 to $1806 and the other $1824! Well, we saw that after the growth of 1200 pips, the price finally reacted to the first level and is falling from there until now, we have to see if the range of $1681 to $1694 can stop the price from falling further or not! If this important Bullish Order Block cannot stop the price from falling, we can expect the price to reach the target of $1678!
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 09.01.2022
⚠️(DYOR)
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BTC Pattern for the next 2 years. This chart resembles a correlation between BTC and AMZN (early days).
Anywhere near $10,000 or below will see a heavy buy resistance and will likely accumulate for a year before initiating a new bull cycle.
Of course, BTC might take a different stance and decouple from this pattern due to regulations and restriction, but very interesting to see how it ends.
If you're excited to see where would this end if BTC to follow AMZN foot steps for another 10 years comment below.
Thank you and Do your own research.
Amazon at key area? Amazon
Short Term
We look to Buy at 125.43 (stop at 118.42)
Preferred trade is to buy on dips. Short term bias is bullish. 50 1day MA is at 125.00. Further upside is expected although we prefer to set longs at our bespoke support levels at 125.00, resulting in improved risk/reward.
Our profit targets will be 144.72 and 157.53
Resistance: 146.00 / 170.00 / 188.00
Support: 125.00 / 116.00 / 102.50
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