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Amazonlong

AMZN - Have we reached the top?Labeled some key levels of significance and used a fib retracement chart to estimate landing zones. Prior mini-tops retraced to about the .5 fib level. The larger cycle correction could also obey this level but may drag lower to the .618 range, which is why I gave a range for where the price could land. ~1600 is a key level of significance, if it breaks we will be going much lower. The real question is, can amazon reach ATH? Watch the volume carefully when we have the bounce back up. Should be good indicator for remaining bull strength.
NASDAQ:AMZNShort
by unaveragejoe
Amazon Elliott Wave View: Further Upside ExpectedHello Traders, Amazon near-term ended the cycle from 07/31/18 low (1739.56) at the peak of 08/15/18 (1926.26) in black wave ((i)). The internal structure of black wave ((i)) unfolded as a 5 waves structure with an extended blue wave (iii). It ended blue wave (i) at 01/08/18 peak (1800), blue wave (ii) pullback at 02/08/18 at (1818.61) , blue wave (iii) at 08/13/18 peak (1925.72) and blue (iv) pullback at 08/13/18 (1893.80) and finally it ended blue wave (v) of black ((i)) at 08/15/18 peak (1926). Below from there, it ended black wave ((ii)) pullback at 08/17/18 low (1855.58). Up from there, it is currently in the progress of another 5 waves structure higher. It ended red wave i at 08/21/18 peak (1898.46), red wave ii pullback at 08/21/18 low (1870), red wave iii at 08/23/18 peak (1920) and red wave iv pullback at 08/23/18 low (1900). Up from that low, it can end soon red wave v of the blue wave (i) before a pullback in the sequences of 3-7 or 11 swings in blue wave (ii) can be seen. As long as the pullback stays above 1855.58 invalidation level we expect it to extend higher due to the right-side tag. The right side remains to the upside. We don’t like the selling.
NASDAQ:AMZNLong
by Elliottwave-Forecast
1
AMAZONWaiting for a retest of the highs made in June which would also bring about another bounce on the drawn trendline. If market is able to fall to these highs, my next set of buy orders will be triggered (green box). I will begin closing down on my positions in Amazon however as we enter 2019 and move into 2020, or rather as the SPX approaches the 3000 region which I see as a major barrier for the stock market. More analysis will be posted as we approach the 3000 region on the SPX.
NASDAQ:AMZNLong
by billionare_mo
Elliott Wave Analysis: Amazon May Start Another Extension HigherHello Traders, Let's have a look at the Amazon 1 hour chart. Short-term Elliott wave analysis suggests that pullback to $1646.48 low ended blue wave (2). Above from there, the stock is rallying higher in blue wave (3). The internals of that extension higher is unfolding as Elliott wave impulse structure with sub-division of 5 waves. Above from $1646.48 low, the rally to $1858.88 high ended red wave 1. The internals of that rally higher took place in another 5 waves impulse sequence in lesser degree cycles. The first leg of a rally to $1725 high ended black wave ((i)) as Leading diagonal structure. Then the pullback to $1682.15 low ended black wave ((ii)) pullback as a Zigzag correction. Up from there, the rally higher to $1841.95 ended black wave ((iii)) in 5 waves. black wave ((iv)) pullback ended at $1791 low, and black wave ((v)) of red wave 1 ended at $1858.88 high. Below from there, the stock did a 3 wave pullback in red wave 2, which is proposed to have completed the correction against $1646.48 cycle low. After reaching the blue box 100%-123.6% Fibonacci extension area at $1787.19-$1775.77. However, a break above $1858.88 high remains to be seen to validate this view & until then, a double correction lower in red wave 2 can’t be completely ruled out. Near-term, while dips remain above $1769.99 low and more importantly above $1646.48 low the stock is expected to resume the upside. We don’t like selling it and the right side remains to the upside.
NASDAQ:AMZNLong
by Elliottwave-Forecast
2
Elliott Wave Analysis: Amazon Showing Impulse RallyHello Traders, In this Elliott Wave Analysis, we will have a look at Amazon. Short-term it is suggesting that the cycle from 6/25/2018 low ($1646.31) is rallying higher in an impulse structure. This suggests that the internal sub-division of each leg higher is unfolding as 5 waves structure of lesser degree i.e black wave ((i)), ((iii)) & ((v)), whereas wave ((ii)) & ((iv)) has subdivision of 3 corrective waves. Up from $1646.31 low, a rally higher to $1725 high completed black wave ((i)) in 5 waves leading diagonal structure. Down from there, the 3 waves pullback to $1684.30 low ended black wave ((ii)) as zigzag structure. Above from there, the stock made another 5 waves advance which ended black wave ((iii)) at $1841.95 peak. Below from there, the pullback to $1791 low ended black wave ((iv)) in lesser degree 3 swings. Up from there black wave ((v)) remains in progress which is expected to unfold in another 5 waves structure. Target for black wave ((v)) comes at $1868.58-$1887.15 ( black wave ((v))=((i)) ) area for the completion of cycle from 6/25/2018 low in red wave 1 or wave A. Afterwards, the stock is expected to do a pullback in red wave 2 or wave B in 3, 7 or 11 swings before further upside is seen provided the pivot from $1646.27 low stays intact. We don’t like selling it.
NASDAQ:AMZNLong
by Elliottwave-Forecast
Amazon Curves and dips, keeps rising every dayAmazon has a cool trend line where in between the open and the middle of the day, there is a SHARP boost of 1-3%, then it just sits there all day near the same gains, before repeating this everyday. Earnings and expansion are jolly good, but the VIX is still way up, and equity fears still linger. According to bloomberg, there is a high chance that the market collapses before March again. Amazon is usually the one that looses 6% every day, cutting everything that happened in the last month, so BE CAREFUL, the last market crash isn't the same as the next. Good Luck Trading!
NASDAQ:AMZNLong
by logic0x
Where is AMAZON going? (How to Trade Amazon's Stock in August)Are you long on AMAZON? Maybe short (for some reason). Either way- here is an ideal trade setup. All the levels are listed out on the chart for buyers and short sellers, and if we get the break (bearish play) with a confirmation on our MACD, I would consider entering short for the time being! Yes, shorting AMZN, would you believe it? Or maybe our daily trend line doesn't break? Well I'm in after it holds again, buying the dips, and riding up to the take profit zones. I will keep updating the chart as we move along- so make sure to follow either this chart or my profile for important updates.
NASDAQ:AMZNLong
by samblum_
$AMZN Bullish Entry on Fundamental MoveAmazon (AMZN) announced as a catalyst to the upside they'd be eliminating a non-profitable acquisition from 7 years ago. This gave the bulls a run due to the massive cash flows dumped back into acquiring and expansion of the company, and shows a shift in focus to producing hard earnings numbers down the road. This likely will drive price further up into the earnings announcement due to speculation of further growth in the company in the long run. Granted, from a long term perspective, AMZN is one of our least favorite companies fundamentally due to the huge overvaluation it currently poses to earnings, but from a short term perspective, it's great for a short term Skip-strike butterfly or spread trade.
NASDAQ:AMZNLong
by EdgeAnalytics