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Amazon W Formation looking sweet to $152.00 About the Co. On the daily Amazon has formed what's known as a Short Formed W Formation. This is where the second rounding bottom has a HIGHER low than the first. This is more bullish than a standard W Formation, IMO, because it means the bulls did not let the price get to the previous low. The fact that the price has broken up and out of the neckline, shows strong buying momentum, which will push the price higher. Other indicators confirm... 7>21>200 RSI>50 - Higher lows Target $152.00 ABOUT THE COMPANY Amazon.com, Inc. is a global technology company focusing on e-commerce, digital streaming, artificial intelligence, and more. Founding: Amazon was founded by Jeff Bezos on July 5, 1994, in Bellevue, Washington, USA. First Product: Initially, Amazon was an online marketplace for books. Name Origin: Bezos chose the name "Amazon" to suggest scale (Amazon River is one of the largest rivers in the world) and because it started with "A," which would appear early in alphabetical order. Public Listing: Amazon went public on May 15, 1997, and is listed on the NASDAQ. Expansion: After books, Amazon expanded to sell music, videos, and, eventually, everything from groceries to electronics, clothing, and more. Global Presence: Amazon operates in multiple countries around the globe, including the United States, Canada, United Kingdom, Germany, France, China, Japan, and India. Amazon Prime: Launched in 2005, Amazon Prime is a subscription service offering free two-day shipping, streaming music and video, and other benefits. AWS: Amazon Web Services (AWS), launched in 2006, provides on-demand cloud computing platforms and APIs to individuals, companies, and governments. Kindle: In 2007, Amazon introduced the Kindle e-reader, revolutionizing the book industry by making digital books popular. Employees: Amazon is one of the world's largest employers, with over a million employees Physical Stores: Amazon also owns physical stores, including Whole Foods Market (acquired in 2017) and Amazon Go, a chain of cashier-less convenience stores. Devices: Apart from Kindle, Amazon has produced several successful electronics, including the Fire TV, Fire tablets, and Echo smart speakers, which feature the voice-controlled AI assistant, Alexa.
NASDAQ:AMZNLong
by Timonrosso
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:
NASDAQ:AMZNLong
by basictradingtv
56
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.
NASDAQ:AMZNLong
by Saxo
Amazon 75 Day Target - $2380Amazon is looking poised to trend towards the $2380 level. We could see a jump back to the ceiling of this down-channel, implying around an 8% rise over 75 days. Amazon's ATR has been at an all-time high since 2020, and the stock needs some time to consolidate; however, an 8% move from pre-COVID support levels over 50 days is not entirely unrealistic. Expecting a slow climb to this level and then to test from there. Following upside, levels seem to be $2700 based on volume profile.
NASDAQ:AMZNLong
by hph4045
AMAZON LONG TERM PRICE ZONE CHANGING Amazon.com, Inc. engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores. The company also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Rings, and Echo and other devices; provides Kindle Direct Publishing, an online service that allows independent authors and publishers to make their books available in the Kindle Store; and develops and produces media content. In addition, it offers programs that enable sellers to sell their products on its websites, as well as its stores; and programs that allow authors, musicians, filmmakers, Twitch streamers, skill and app developers, and others to publish and sell content. Further, the company provides compute, storage, database, analytics, machine learning, and other services, as well as fulfillment, advertising, publishing, and digital content subscriptions. Additionally, it offers Amazon Prime, a membership program, which provides free shipping of various items; access to streaming of movies and series; and other services. The company serves consumers, sellers, developers, enterprises, and content creators. For 2 years, from 2018 to 2020, price range between 1596 - 2038 zone. With the insane money printing of FED, price range increased to a lot higher zone between 2883 - 3752. This zone lasted for 1.5 year. Price breakdown from that zone to the 2448 support but this is not a strong support. If price cant go back up to the 2883 - 3752 zone it will retest 2448 and probably breakdown to the 2038 zone. Below 2038 price will consolidate and go back to the last zone of 1596 - 2038. Important support levels for long term targets 2448 if price cant hold it and breakdown below, price can go much lower. 2038 1723 1596 1344 Important resistance levels for long term targets 2696 2883 Upward price movements will be limited because FEDs actions and investors should very careful with long positions. Thanks. Follow for more ideas and charts.
NASDAQ:AMZNShort
by thegreatwall38
AMZN |Now is a good time for go long!If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of AMZN , I think we are going to see a strong upward movement. If you are going to go long now, make sure to place the stop below the previous support area . What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
NASDAQ:AMZNLong
by MaxProfHacker
AMAZON , 140% gain ahead.it's a monthly chart of AMAZON, as you see , the third wave of elliott hasn't ended yet . our target is 8300 $ , exactly on 161.80% Fibonacci. after reaching the target , we will witness a correction as the 4th elliott wave , and then the 5th wave. so in my opinion , keep your AMAZON stocks , till the target reach. it's a long-term target , will take a at least 10 months to one year to get there. aye man , if you liked the idea , hit the like. and don't forget to follow guys. any question or opinion ? comment bellow.
NASDAQ:AMZNLong
by ArminChiani
AMZN DAILY TIMEFRAMESNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes. Start believing in this strategy because it will reward believers with huge profit. There is a lot more about this strategy. It can predict and also it can give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
NASDAQ:AMZNLong
by hadimozayan
Amazon is on his way back upHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The Amazon stock has dropped since the start of August where we see the price in July was trading near 3604.80 then it dropped to 3329.99 almost an 8% drop and the market created a gap, and since then its been struggling a bit to get back up. At the end of the months, the price started to gain more momentum at August 20 the market started going up and jumped from 3199.00 to 3466.11 in 10 days. It doesn't look like the market is slowing down as more buyers go in and this Bullish trend keeps on going up. Scenario for the market movement : The price already reached the first resistance line at 3459.30 today and its movement doesn't seem to be slowing down. We might see some strong resistance at the second line at 3497.04, But if the Bulls were able to keep control over the market then we will certainly see the price go back to the 3549.08 level no problem and from there a new battle will begin over control and the outcome will determine the movement of the market. Technical indicators show : 1) The market is above the 5 10 20 50 100 200 MA and EMA (Strong Bullish sign) 2) The RSI is at 61.66 showing great strength in the market with no divergences between the market and the indicator. 3) The ADX is at 32.82 showing that the market is trending, with a positive crossover between DI+ (31.25) and DI- (21.06). Daily Support & Resistance points : Support/Resistance 1) 3369.52 1) 3459.30 2) 3317.48 2) 3497.04 3) 3279.74 3) 3549.08 Fundamental point of view : Investors might be concerned with Amazon (AMZN) facing several headwinds in 2H21. Tough comps, re-openings, and supply chain/transportation constraints are all issues to consider as noted by Baird analyst Colin Sebastian. However, following last week’s AWS Summit Online conference, the analyst believes investors should be paying more attention to Amazon’s cloud business. “AWS trends remain positive with accelerating growth, healthy margin contributions, and increasing urgency among enterprises to adopt ‘digital transformation,’” the 5-star analyst said. Amazon is reportedly investing in a live audio feature similar to Clubhouse that will include podcast networks, musicians and celebrities holding live conversations, shows and events. Axios sources say the effort is being led by the Amazon Music team, which will make the features available to its subscribers, and the live programming will eventually be added to Amazon's live video service Twitch. This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts and news for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !!
NASDAQ:AMZNLong
by GabiDahduh