Bulls Beware of the Super Scary Monster appearing on the chart! Looking at the daily chart on Amazon I spotted a very Super Scary Monster starting to appear that should put all longs on alert. The shorts are packing the bus and the monster will take hold and drag price down with it. Bulls Beware and good luck to the shorts! Let's GO!!!
Amazon
Time for a bounce on AmazonAmazon
Short Term
We look to Buy at 105.87 (stop at 100.99)
Preferred trade is to buy on dips. The reaction higher is positive and highlights a clear reversal. Previous support located at 100.00. Risk/reward is ample to call a buy trade.
Our profit targets will be 116.09 and 125.19
Resistance: 129.00 / 135.00 / 170.00
Support: 100.00 / 85.00 / 67.27
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. [/b The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
AMAZON on a boost. Won't reach the split price though.I have tested this 6 different ways and included my new "Mass EFX moving averages" indicator.
All I'm seeing is that $amazon is on a rise rightnow since June 17th @ 11:30 pm Central ime.
It will continue to rise to $109.00 and maybe a spike to $112 00
Current price 8s $106.xx
Stoploss = 104.03
Entry 106.16
According to my rsi formula:
Exit = $110.37 (after move momentum expires)
Safe exit is $109.99
Business banks trade in whole numbers, let's move to the closest whole dollar (110.00)
This is a 3.5% move
am I drinking too much hopium?! lol AMZN nice little set up hereNASDAQ:AMZN
Amazon is sitting right near support/resistance level that goes way back.
since the split that level is now right around 101
as you can see we have just recently bounced off this level and came back down and tested it again
taking longs in this market is risky period but i believe you can set your stop tight enough if think we could see a bullish short term reversal
if we break the 101 level we have a lot of downside so in reality you could potentially play it both way if you just keep this ticker on your watchlist!
good luck and happy trading !
side note...this ticker is showing both bearish and a bullish divergence. i noted the bullish divergence because it has yet to be played out.
AMAZON Risky Long! Buy!
Hello,Traders!
AMAZON fell down sharply
And is trading at -45% from the all-time-high
Which means that the stock has made a good correction
And is trading at the price reflecting its fair value
So as the price is retesting a weekly horizontal support
I am locally bullish and IF there are no more bad news
I will be expecting at least a local rebound from the level
Buy!
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See other ideas below too!
Amazon: Triple Bottom!!Amazon
Short Term - We look to Buy a break of 106.50 (stop at 99.65)
We are trading at oversold extremes. 100.00 continues to hold back the bears. This is positive for sentiment and the uptrend has potential to return. Posted a Triple Bottom formation. Further upside is expected.
Our profit targets will be 124.82 and 130.00
Resistance: 125.00 / 138.00 / 170.00
Support: 100.00 / 90.00 / 66.50
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Amazon Pricing in a Great Recession...This is simply an observation: The yearly return on Amazon (AMZN) is approaching the yearly return it had during the Great Recession. Are markets becoming too fearful? Are we truly as worse off now as we were during the financial collapse in 2008?
History has shown that more likely than not, ten years from now most people won't even remember why there was panic selling in June 2022. How many people remember why the stock market crashed in May 2010, August 2011, or August 2015? The VIX was much higher in each of these months than it is now.
#AMZN - Possibly see Double Digits#AMZN - Amazon failed to hold the 115 level Friday and sold off to 109. Amazon can continue to fall until with see some upside in the Markets. Below 109 we can see a continue move to the downside towards 100.00. This will be a bigger psychological level for Amazon.
#psycological_level #watchlist #amazon
6/12/22 AMZNAmazon.com, Inc. ( NASDAQ:AMZN )
Sector: Retail Trade (Internet Retail)
Market Capitalization: $1.116T
Current Price: $109.65
Breakdown Price: $108.60
Buy Zone (Top/Bottom Range): $115.75-$129.10
Price Target: $101.30-$99.30
Estimated Duration to Target: 38-40d
Contract of Interest: $AMZN 7/15/22 110p
Trade price as of publish date: $5.90/contract
Doing the Splits (Amazon)Amazon
Short Term - We look to Sell at 136.62 (stop at 146.49)
Preferred trade is to sell into rallies. Previous support, now becomes resistance at 137.00. There is scope for mild buying at the open but gains should be limited. The 50% Fibonacci retracement is located at 136.05 from 170.83 to 101.26.
Our profit targets will be 102.56 and 91.98
Resistance: 137.00 / 150.00 / 170.00
Support: 115.00 / 102.00 / 85.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
What The Chart Says Upon Amazon's SplitAmazon stock AMZN had started trading with the split-adjusted price around $125 yesterday. The stock split usually increases the liquidity of the shares making it accessible to more investors who are not comfortable buying pricey stocks.
Also, BofA Global Research has found that splits "historically are bullish" for companies that enact them, with their shares marking an average return of 25% one year later versus 9% for the market overall.
From a technical perspective, Shares of Amazon AMZN advanced 1.99% to $124.79 Monday, however, prices struggled to make it through the $130.00 resistance levels - that represents the double bottom's minimum target - on the daily chart. So, a slight probable pullback is expected to test $122.20 - $119.85 - $119.00 support levels that may serve as an entry points, in order to hit back $130.34 - $135.78 targeted resistance levels.
$AMZN to the moon with their rever split.$AMZN soars as it gets closer to its upcoming reverse split day. Although, its been a rough few weeks in the market, AMZN managed to shine in the last few days as retail investors patiently waited for its reverse split and the possibility of buying some Amazon stocks to add to their portfolio.
in my personal opinion or scenario. AMZN will be the be the hot stocks to play tomorrow and the coming days and months. with the price going back to below $200, the possibility of volume will triple compared to the last time.
i remember when $TSLA and $AAPL did their rever split the stock rallies in few days before it pulls back.
Keep in mind that the economic report is coming this week, so the possibility of the AMZN pulling back will be defending of this week's economic calendar and prices action.
For scalp or day trade moves.
For calls; buy above 126.95 and sell at 135.20 or above
For puts, buy below 121.46 and sell at 118.23 or below
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Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions on which stocks I should analyze, please leave a comment below.
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A COMPARISON OF FLEXA'S AMP TOKEN to AMAZON.COM BOOM to BUSTWith all the major partnerships that the FLEXA Network has in place including the most recent with Chipotle enabling crypto payments powered by Flexa's AMP TOKEN, the current downtrend might be turning the corner as the crypto bust subsides.
Amazon $120 - $125 a share!?Amazon has an upcoming stock split of 20:1 bringing the that unaffordable to retailer investor and traders price of $2247 to about $120 - $125. Which is much much more attractive. If you didn't know it should take place on Monday June 6.
AMZN has been in a downtrend since November 2021 with a short-term uptrend since May 24. AMZN recently broke short term and noticed a trading range between 2400 - 2500. My moving averages indicates they're still in a short term uptrend with price trading in the short term and mid term moving averages.
According to AMZN financials and reputation. I say this stock split is great news and most definitely some initiative to buy/hold and/or get a few day trades in.