Amazon monthly may need reworkingthe long term picture for amazon.com, and really the whole dotcom sector has looked bleak until recently. i would wait to cross above this pivot and trama to turn up before i thought we could continue recovering in technology. id aim for upper horizontals as we cross above levels and lower horizontals as we cross below.
Amazon
Amazon Bear RetracementSign of Bearish trend continuation
-Candlesticks are moving below MA200
-Magnitude of Downtrend Line B is much stronger than of downtrend Line A, confirming strong bearish trend
-Candlestick fail to stay above MA200 after retracement R1
Strength of Retracement line R2 is stronger than of R1, signifying more uptrend momentum. However, candlesticks might have issues challenging hurdles of 0.618 fib retracement of Line B and MA 200.
Heavy selling might occur around the range of 151 to 164, where there is much higher trading volume. Holders that bought at this range or higher might choose to sell in order to breakeven or recoup losses.(Boxed)
If the expected long-term downtrend continues, Strong support might only be found at 88 to 95 range, where the highest volume have been traded for past 900 days since March 2020. (Boxed)
AMZN - Final Corrective Wave Down AheadThis is a WEEKLY linear chart for reference.
I believe Amazon is in the process of finishing a corrective wave that will lead to the final leg down in the sequence to the lower channel line.. roughly a 40% move.
As you can see there has been a lot of price activity oscillating around the median line. I believe this resolves to the down side.
The current candle is just 1 day into the weekly candle so it's bound to take on various shapes. I believe the white channel line will contain price.
Here is a WEEKLY LOG chart view
Amazon potential sellWill amazon reach 150 area and get rejected on the third touch of the trend line? ill have a sell order for 148.50 down to target level.
its mad to think it would of nearly rallied 50% from the bottom and there was multiple chances after the split to buy the stock. what a miss by myself! I was debating it for too long reading to much into the fun and missed out on a major opportunity.
Buy AMAZON now!! Huge discount sale for an ecommerce behemoth!
Technical Analysis
- Triple bounce off $101 level with big reaction upwards,
- this region used to be resistance now flipped support.
- Its also the 61.8% retracement level (golden zone for a rebound)
- stochastic RSI was in oversold, now rebounding
Trades:
Short term traders can look for a LONG from current level
For long term traders this is a good region to BUY MORE AMAZON
AMZN Potential for Bullish Continuation | 8th August 2022On H4, with the price moving above the ichimoku cloud and the MACD histogram is above zero while RSI is also moving along the ascending channel , we have bearish bias that the price may rise from the buy entry at 145.05, which is in line with the 61.8% fibonacci retracement to the take profit at 156.74, which is in line with 78.6% fibonacci retracement . Alternatively, the price may drop to the stop loss at 133.77, which is in line with the 23.6% fibonacci retracement .
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Amazon for a short term reversalUpgoing zigzag is complete coupled with divergence on momentum give a clear indication that we are to drop on this one in the very immediate future.
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. Confirmation level, where relevant, is a pink dotted, finite line. 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.
8/3/22 AMZNAmazon.com, Inc. ( NASDAQ:AMZN )
Sector: Retail Trade (Internet Retail)
Market Capitalization: $1.420T
Current Price: $139.52
Breakout Price: $140.70
Buy Zone (Top/Bottom Range): $129.20-$113.70
Price Target: $143.70-$146.00 (2nd), $154.00-$156.10 (3rd)
Estimated Duration to Target: 23-26d, 54-59d
Contract of Interest: $AMZN 8/26/22 145c, $AMZN 9/16/22 145c
Trade price as of publish date: $2.75/contract, $4.40/contract
Amazon (AMZN) trade updatesClosing of the GAP at the end of April for Amazon, which had lateralized after the split.
In a week characterized by a positive reaction from the markets, thanks to quarterly better than expected or, as in the case of amazon, less bad than expected and thanks also to a Fed that simply confirms what it had anticipated.
Now the key data will be those of July inflation, considering that some people think that the peak occurred in June.
They are up almost 40% on Amazon and 30% on Apple , two companies that are almost a safe haven asset in difficult times.
For this reason, I will not liquidate the whole position but on the contrary, I will accumulate should there be a retracement, which I expect.
In the short term, those who have had the skill to enter the $ 105 area could think of taking home the profits and preparing to accumulate on the retracement.
If you want to hold the position, $ 145 could be a possible target, considering the 200-period moving average, which is usually felt by the price.
On a volumetric level, the one-year POC holds firmly against $ 165, there are no possible areas for it to move, considering the huge amount of trading at that price level.
That's where I'll take some of the profits home.
Happy trading
Lazy Bull
DISCLAIMER: I am not a financial advisor. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AMZN! to Keep in portfolioHello ladies and gentlemen, according to my graphical analysis of Amazon , I guess that this is the good time to buy the stock ,also the Golden Point confirm our probability to keep in portfolio.There is an interesting volume ,which gives a good probability to break the level mentionned in the chart..
If you have any suggestions,please write below.
Ascent in the short termThe price has rejected at a resistance level, we have a small correction in the previous support, and by hitting the static support with a higher strength, it attacks the dynamic resistance to break and experience the price up to the previous peak, and the possibility of retesting the price in that area We can see a drop again to experience lower prices.
Amazon at important resistanceAmazon
Short Term
We look to Sell at 125.79 (stop at 132.33)
Preferred trade is to sell into rallies. Previous resistance located at 126.00. There is scope for mild buying at the open but gains should be limited. Posted a Bullish Outside candle on the Daily chart.
Our profit targets will be 103.03 and 91.98
Resistance: 125.00 / 138.00 / 150.00
Support: 106.00 / 100.00 / 85.00
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Insiders Knew Something...(READ CAREFULLY)If you had watched Uber's chart in the past two weeks you have probably realized that it goes one day +5% the other day -5%, next day +4% and again -4% ....;
Experienced traders know that's a scary signal that indicates company is running out of money and is scrambling to survive with speculation !
This common phenomenon (+5%, -4%, +4%, -5% ...,) happens just few weeks prior to bankruptcy.
Speculation is because of no operating income...!!! Has lost more than 60% in the last year and is taking its last breaths.
$AMZN (Amazon) Stock - AnalysisIn my opinion, Amazon has completed (or is about to complete) a full market Supercycle: Impulse Wave (I) and Corrective Wave (II).
What I would anticipate would be for Amazon to accumulate during the recession and then emerge out of it with Supercycle Impulse Wave (III).