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AMZN

AMAZON Buy signal with a Double Target.Amazon Inc (AMZN) is trading within a Rising Wedge pattern and last week made the new Higher Low on its bottom. At the same time it hit the 1D MA50 (blue trend-line) and technically it is staging the new bullish leg. With the 1D MACD about to form a Bullish Cross, we get a buy signal similar to May 09. As a result we are initially targeting 156.50 (+20.25%) and 164.00 (+26.15%) in extension. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMZNLong
by TradingShot
2
Amazon stock has been breaking through all the way upAmazon stock has been breaking through all the way up This figure shows the weekly candle chart of Amazon stock for the past three years. The top to bottom golden section of July 2021 is superimposed in the figure. As shown in the figure, Amazon stock has been breaking through all the way up since the end of January this year and completing the top to bottom shoulder positions in mid March. It has now reached the top to bottom golden section above 1.000, very close to 0.809, but has not reached the high point of the short start position in mid August 2022! So, in the future, we will use this high point and the 1.000 level of the top to bottom golden section in the graph as the long short range, with high selling and low buying within the range, and chasing up and selling out of the range!
NASDAQ:AMZN
by Think_More
AAPL - Rising Trend Channel [MID-TERM]🔹Breakdown support of rising trend channel in the medium long term. 🔹Target price of 193 was achieved after a breakout the Inverse Head and Shoulders formation. 🔹Support at 174 may indicate a POSITIVE reaction, while a break below this level indicates a NEGATIVE signal. 🔹 Technically slightly POSITIVE for the medium long term. Chart Pattern: 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NASDAQ:AAPLLong
by wavepoint99
WBA in a long trend down SHORTWBA is Walgreens. On the daily chart it is down about 50% from the highs of late 2019, the summer of 2021 and winter of 2021. WBA may be suffering from not keeping up with online mail-order prescription filling and online in general. Like others, it may be suffering from potential downside of litigation related to the opioid epidemic. Mark Cuban and his Cost Plus Drugs may be having an impact on WBA . Merely a reasonable conjecture on my part. WBA beat earnings for three years of quarters prior to this most recent one. Importantly, on the long-range volume profile WBA is below the POC line where most traders prefer to trade. It is even farther below the POC line of the near term volume profile. The other indicators show ongoing or even accelerating bearish momentum. I will short WBA in what I think will be a long-duration swing trade. I will look into put option contracts as well.
NASDAQ:WBAShort
by AwesomeAvani
1
Amazon's Soaring Performance Sparks Investor Interest...Amazon's Soaring Performance Sparks Investor Interest: A Deeper Look at the FAANG Giant's Potential Amazon, the e-commerce behemoth, has been riding an impressive upward trajectory in the stock market following a highly favorable quarterly update that ignited optimism among investors. With a remarkable revenue of $134.4 billion, showcasing an impressive 11% year-over-year growth, and a substantial leap in diluted earnings per share to $0.65, a noteworthy improvement from the previous year's loss of $0.20, Amazon has not only exceeded expectations but has also sent ripples of excitement through Wall Street. This momentous performance resulted in a notable 10% surge in the stock's value the day following the announcement. The current landscape finds Amazon basking in robust momentum across its diverse business segments. Yet, amid the excitement, a crucial question emerges: Are Amazon shares a prudent investment choice at this juncture? To make a well-informed decision, investors must meticulously examine several pivotal factors revolving around this prominent FAANG stock. Within Amazon's performance, two compelling narratives beckon investors' attention. The first narrative centers on the company's exceptional double-digit revenue growth in the preceding quarter – a feat that is particularly remarkable given Amazon's colossal size. This growth serves as a testament to the expansive potential that still lies within the markets Amazon operates in. Furthermore, this robust revenue surge hints at a stabilizing operational environment, bolstered by the overall resilience of the economy characterized by temperate inflation rates and low unemployment. Notably, other tech giants like Apple, Alphabet, Microsoft, and Meta Platforms have similarly surpassed the consensus analyst revenue projections, contributing to the favorable outlook for Amazon. The second aspect that adds to the allure for investors is Amazon's remarkable surge in profitability. A stark contrast to the $2 billion net loss reported in the same period a year ago, the most recent quarter boasts a substantial profit of $6.8 billion. Emulating its tech counterparts, Amazon adeptly implemented effective cost-cutting strategies, significantly reducing its employee headcount by 27,000 since the close of the previous year. Consequently, the company's operating margin has ascended to 5.7% in Q2, a substantial leap from the 2.7% recorded in the corresponding quarter of the preceding year. Glimpsing into the future, the positive trajectory continues as Amazon's management forecasts an impressive performance for the ongoing quarter. Anticipated revenue growth ranging from 9% to 13% accompanies an even more striking projection of a 180% surge in operating income at the midpoint. These promising forecasts offer compelling grounds for investors to consider Amazon as a potent contender for their investment endeavors. Of paramount significance to investors is Amazon's flagship e-commerce operations, which remain a cornerstone of the company's identity and performance. Noteworthy is the notable 5% growth in sales experienced by the company's online stores, marking a substantial improvement compared to the stagnant growth witnessed in Q2 2022. This segment notably contributed to a significant 39% of Amazon's total revenue during the last quarter, underscoring its pivotal role in the company's overarching success. In the context of the surging interest in artificial intelligence (AI), it comes as no surprise that AI took center stage during the Q2 2023 earnings call. CEO Andy Jassy emphatically emphasized Amazon's unwavering commitment to integrating generative AI applications across all facets of the business to elevate customer experiences. Amazon Web Services (AWS), a dominant force in the cloud industry, is poised to emerge as a pivotal nexus for AI integration within its offerings. Jassy's emphasis on data as the cornerstone of AI further accentuates Amazon's vantage point, given its vast customer base in the cloud sector, positioning the company as a trailblazer in the AI revolution. While AWS exhibited a minor deceleration in sales growth at 12% year over year during the last quarter, the impressive 24.2% operating margin underscores the unwavering strength and profitability of AWS within Amazon's multifaceted business portfolio. As Amazon's potent momentum prevails, numerous factors kindle optimism about the company's future prospects. Reinvigorated revenue growth coupled with a consistent ascent in profits underscores a robust performance spanning all operational segments. This stellar performance hasn't gone unnoticed by investors, resulting in an astonishing 69% surge in the stock's value in 2023 (as of August 4). Remarkably, even in the midst of this surge, the stock remains attractively priced, trading at a trailing price-to-sales multiple of 2.7 – notably lower than its trailing 10-year average of 3.1. In actuality, excluding the past year, Amazon hasn't exhibited such appealing valuation since 2017. Positioned as a commanding force that profoundly influences both consumers and businesses on a daily basis, Amazon commands a pivotal role in the market while offering abundant growth potential for the future. In light of these compelling factors, Amazon emerges as an enticing candidate worthy of consideration for inclusion in one's investment portfolio.
NASDAQ:AMZNLong
by FOREXN1
4