Amazon I Detailed analysis and trading plan Welcome back! Let me know your thoughts in the comments!
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Amazonstock
Amazon Stock Plummets After Earnings ReportDuring the last trading session, Amazon's stock dropped by more than 3.5% , bringing its price below $230 per share. This sharp decline followed the company's quarterly earnings release yesterday, where it reported earnings of $1.86 per share , surpassing the expected $1.49 , and revenue of $187.79 billion , slightly above the $187.30 billion projected.
However, investors were disappointed by the company’s sales growth forecast of only 5% for the first quarter of this year, along with a warning about a negative foreign exchange impact exceeding $2 billion. This has led to a decline in confidence, reinforcing a persistent bearish bias in Amazon’s stock price.
Bearish Trend Strengthens
Currently, a significant downward trendline has been in place since the last months of 2024. But the recent sell-off has raised doubts about the buying strength seen in previous sessions. If bearish pressure continues to increase, it could pose a considerable risk to the current market structure in the short term.
Neutrality Begins to Take Over
Both the RSI and CCI indicators have quickly dropped to their respective neutral levels— 50 for RSI and 0 for CCI. This suggests that recent price movements have turned neutral, making it unclear which force is currently dominating the market. If these indicators continue to hold within neutral territory, a potential sideways consolidation could emerge on the daily chart.
Key Levels to Watch:
$240 – The most important resistance level, representing the latest highs recorded by the stock. A breakout above this zone could reignite the long-term uptrend from last year and trigger sustained buying pressure.
$228 – A critical support zone that aligns with previous lows, as well as the uptrend line. If sellers push the price below this level, the bearish bias could strengthen, leading to a deeper downside correction in the short term.
$216 – Final support level, corresponding to the January lows and the Ichimoku cloud barrier in the short term. If selling pressure drags the price to this level, it could invalidate the current bullish structure on the chart.
By Julian Pineda, CFA – Market Analyst
Amazon: Volatile!The Amazon stock has shown significant volatility recently but managed to recover its temporary losses of over 7% just as quickly. We still position the stock within the turquoise wave 3, which should have additional upside potential. Once this high is established—something that may have already occurred—we anticipate a wave 4 pullback before wave 5 completes the larger magenta wave (3) further to the upside. As you can see in the daily chart, this magenta wave (3) acts as a subwave of the green wave , which in turn should lead to the peak of the even larger beige wave III. Following this, we expect a more pronounced wave IV correction before another round of impulsive rallies drives the stock to new highs.
Amazon’s Stock Stuck in a Downhill Slope or Ready to Escape ?Amazon's stock price movement on a 4-hour timeframe, presenting a descending channel pattern. This pattern is often associated with bearish sentiment, as it reflects a market structure characterized by lower highs and lower lows, signaling a consistent effort by sellers to dominate price action.
Currently, the price is trading near the upper boundary of the channel, which acts as a dynamic resistance level. Historically, such resistance zones within descending channels tend to attract selling pressure, reinforcing the bearish outlook. If the price fails to break above this resistance and shows rejection signs (e.g., long wicks or bearish candlesticks), it could confirm a continuation of the downtrend, targeting the lower boundary of the channel as the next support level.
It is crucial to monitor this resistance area closely, as a breakout above the channel could shift the sentiment from bearish to bullish. For such a breakout to be credible, it must be accompanied by strong volume and decisive candlestick patterns, such as a bullish engulfing or a breakout gap. In that scenario, the price could invalidate the descending channel and initiate a reversal, targeting higher resistance levels.
Additionally, the broader market context and fundamental factors should be considered. If the stock is supported by positive catalysts or market sentiment, it could strengthen the likelihood of a breakout. Conversely, weak sentiment or negative news could intensify the bearish momentum, leading to further downside.
The chart currently reflects a bearish bias due to the descending channel structure. However, the key to determining the next move lies in the price action and volume near the upper resistance line, which will decide whether the pattern continues or reverses.
Amazon I Strong Growth Projections - Next Long Opportunity Welcome back! Let me know your thoughts in the comments!
** Amazon Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
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From Prime to Subprime: Why December Could See AMZN Fall
As always, we like to keep it clean and simple, with technicals and analysis that's easy to see and understand. Let's get into it:
AMZN could see a modest correction this December. It's at an all time high, and well into two Wave 5 sequences on the 4h. It's also overbought on an least two oscillators.
We see a 5%+ correction to the $215 price range in the coming 3-4 days .
SUPPORTING OBSERVATIONS:
Recent Rapid Stock Appreciation:
AMZN has seen a significant rise, gaining 14.1% since November 29, 2024. Such swift increases can lead to overvaluation, prompting investors to take profits, supporting the reversal to $215.
Seasonal Competitive Pressures:
Ho ho ho. The holiday season intensifies competition, often leading to increased discounting and promotional activities. This can compress profit margins, potentially impacting Amazon's financial performance and investor sentiment.
Investment in New Ventures:
Amazon's substantial investment in initiatives like Project Kuiper, its satellite internet project, involves significant capital expenditure. While promising long-term, these ventures may pressure short-term profitability, causing some investors to reassess their positions.
Be alert.
Trade green.
Amazon: Significant Breakout!The resistance at $189.76 has recently been a major hurdle for the AMZN stock. Since April, the price has essentially been moving sideways along this level, with each breakout attempt being sold off. As envisioned by our primary wave count, the stock has now managed a breakout above $189.76, developing a first impulsive move toward a new all-time high. We expect a more substantial correction only after the larger beige wave III has found its top at a higher level. An earlier sell-off remains possible as part of our 30% likely alternative scenario: this alternative count suggests that the recent peak was the top of the beige alt. b wave, which would lead to a pullback below $145.86 and a fresh low of the overarching blue wave alt. (IV).
$AMZN IS ABOUT TO EXPLODE! BUY NOW OR FOMO LATERNASDAQ:AMZN
💥 NASDAQ:AMZN IS ABOUT TO EXPLODE! 💥
I first called out NASDAQ:AMZN on October 21st as it was setting up for a huge move and CupnHandle breakout. Here's 3 reasons to not miss this investing or trading opportunity. Price targets at the end.
1.) HIGH FIVE SETUP (Check the numbers below and you will see. 1-Breaking out of cupnhandle & symmetrical triangle pattern. 2-Volume profile gap from a volume shelf. 3-Uptrending MACD. 4-Higher Highs on RSI. 5-Uptrending Stoch. (trend).
2.) #Amazon margins and FCF are growing rapidly and will continue this uptrend heading into the holiday season with a RESILIENT AMERICAN CONSUMER.
3.) It's a BUY according to the fundamentals especially when valuing this company according to it's Discounted Cash Flow (DCF).
Intrinsic Value: $250
🎯PT1: $231 (Symmetrical triangle measured move)
🎯PT2: $310 (Multi-year CupnHandle Measure Move)
Are you a shareholder? or Are you trading this name?
I'm done for the day! Going to be with my wife on her birthday and go trick or treating with my boys. Thanks for all the support, much love!
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HAPPY HALLOWEEN!
#Earnings
NFA
Amazon’s Next BIG Move: Can It Bounce to $207 from Key Support?If Amazon holds strong at $194.31, it could be setting up for a run to $207.30. This level is both a potential target and a great take-profit zone if the bounce holds. Let’s break down what to watch for as this setup unfolds!"
Trade Setup Details:
Support Level at $194.31
Right now, $194.31 is acting as a solid foundation. If Amazon finds buyer interest here, it could kick off a new upward move.
Target Zone: $207.30
If the support holds, $207.30 is the next target. This level is likely to see some selling pressure, making it an ideal area for profit-taking on a successful bounce.
Beginner Tip
Keep an eye on how Amazon reacts around $194.31. Look for strong buying signals (like a bullish candle) before entering, and consider setting your take-profit level around $207.30 to capture gains if the bounce holds.
Happy Trading
Kris/ Mindbloome Trading
Mindbloome Exchange
AMAZON LONG Trade Setup 15m TF - Sep 2, 2024AMAZON LONG Trade Setup
Amazon price crosses over the Risological dotted line at175.4 giving us a clear long trade entry.
Long entry: 175.4
Stoploss: 172.2
Targets for this short trade been marked on the chart for your reference and analysis.
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AMZN - Weekly Bearish SignsNASDAQ:AMZN ’s recent price action suggests that the stock may be poised for a further decline. After reaching the top of the long-term channel, Amazon’s price has pulled back and is now facing renewed selling pressure. This technical setup aligns with broader market concerns, particularly in light of recent economic data.
The rise in unemployment claims and disappointing PMI data signal growing economic uncertainty, which could weigh on consumer spending and, by extension, Amazon’s revenue. As the market digests this data, the technical weakness in Amazon’s chart could be a precursor to a more significant downturn, especially if economic conditions continue to deteriorate.
This Could be the VERY TOP for AmazonI'm getting feelings around the things are about to hit the fan and Amazon might have topped longterm. RSI hit a major resistance, bear divergence, largest FED fund sale ever yesterday, things are just lining up for me, this will get NUTTY if true. Hard to fade this trend of course but a lot of things are lining up for me.
Amazon is in a long short race!Amazon is in a long short race!
This chart shows the weekly candle chart of Amazon stocks over the past two years. The top to bottom golden section of July 2021 is superimposed in the figure. As shown in the figure, the low point of Amazon stock in early January 2023 hit the 2.000 level of the golden section in the figure, and is now in the second largest wave of rebound, breaking through the 1.000 level of the golden section! The next strong pressure level for Amazon stocks is at 0.618 on the golden section in the graph!