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AMZN

$AMZN, Bullish Towards $195Hey ya'll, The chart above highlights Amazon ( NASDAQ:AMZN ) on the daily timeframe. I've added #thestrat indicator, MACD, and RSI indicators. I've marked the Fibonacci price points from low (Aug 28) to high (Sep 24). Normally, I would've gotten in at the 0.618 fib retracement ($179.02) or the 0.5 fib ($182.15) but I would still take a 3+ week out options contract. If price goes above Fri, Oct 7th high of day (HOD) @ $187.60, but 1 strike out of the money. If price opens below Fri, Oct 7th's HOD, wait for it to either reversal at the previous low of day (LOD) or at whatever point. Entry: $187.61 (above prev daily high) Target: $190.86 (Fri, Sep 27 open price) SL: $185.13 (tight under 0.382 fib) R:R = 1:1.32 MACD = curling up RSI = curling up, low 50s Potential Contracts: $190c 11/15 @ $8.00 (ITM) $185c 11/15 @ $10.55 (1 OTM)
NASDAQ:AMZNLong
by Brandonthrives
$AMZN: Fast Rebounds Reveal Fundamental Support LevelThe new technologies that Amazon is embracing, including robots/robotics, and a brilliant CEO keep this huge company moving forward. The HFT-driven gap down in August was massive but the rebound was fast. This isn't the first time the stock has moved right back up to its prior quarter's fundamental support range, aka Dark Pool Buy Zone. Now, NASDAQ:AMZN is slightly above that range to challenge the July high. A stock to watch ahead of its earnings report October 24th.
NASDAQ:AMZN
by MarthaStokesCMT-TechniTrader
1
AMZN may form a wedge on the daily chart.NASDAQ:AMZN reclaimed the daily 50 SMA last week and is trading into the August high supply. If it gets rejected in this area, a retest of the lower trendline would correspond to the daily 50 SMA, and other converging demand zones including the .618 retracement level from the all-time high to the August low. If demand is held in this area, it may be a good long entry point ahead of the wedge breakout. Alternatively, if price builds above the August high, it is likely to retest the all-time high.
NASDAQ:AMZNLong
by DMT_Doctor
Amazon - Buying Pullbacks & Cyclical High Expected SoonHere is what I am watching on Amazon. -We need to be aware that there is bearish divergence setting up on the quarterly, monthly & weekly charts. HOWEVER, this divergence is not yet confirmed, and is therefore not actionable trade intel at the present moment. We need to monitor these divergences, because if they confirm, they imply significant price moves in Amazon share price. -MAC strategy for the Quarterly, Monthly & Weekly charts remain bullish. Any pullbacks into the bottom of the MAC are BUY opportunities. I do not blindly buy the bottom of the channels, but utilize lower timeframe entry techniques at these levels to trigger into a position. We are still BULLISH Amazon. -Cycles suggest that Amazon could put in a cyclical high any time between now and October 10th, before putting in a major cyclical low at the end of October. I would like to see this play out to provide us with nice buy opportunities at the bottom of the MAC's.
NASDAQ:AMZNLong
by Tradius_Trades
Amazon (AMZN): Swing Trade & Chart Analysis UpdateTwo months ago, we anticipated a pullback to wave (2), and after a brief pump, we saw an immediate sell-off. The fascinating part? Amazon dropped 25% and reversed almost perfectly on the long-held trendline, which hasn’t been adjusted. It's incredible how simple technicals can sometimes work so well. We've now pushed back into the $183-190 range. This could be a relief pump, likely short-lived. While we aren’t ruling out a rise above the current wave (1), we’re leaning toward a flat correction, as wave A was fast. If correct, we should turn soon and continue downward with a 5-wave structure into the 50-78.6% Fibonacci retracement target area. No limit orders yet, but we're setting alerts to better time our entry. 🔥
NASDAQ:AMZNShort
by freeguy_by_wmc
3
AMAZON: Crossed over the 1D MA50, best buy trigger you can getAmazon crossed today over the 1D MA50 for the first time since August 1st and effectively validated the buy signal that was triggered on August 5th at the bottom of the Channel Up. The 1D technical outlook just got over neutral grounds (RSI = 56.780, MACD = 0.060, ADX = 15.410) so being slightly bullish along with the 1D MA50 cross, is the best buy trigger you can get. The MACD pattern is almost the same as on every Channel Up bottom. The rallies that started on those bottoms printed +62.30% and +64.82% rises. We are targeting at another +62.30% rise (TP = 245.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:AMZNLong
by InvestingScope
Amazon Has An Incomplete Five-Wave ImpulseAmazon is trading an in impulsive bullish cycle since the beginning of 2023 and it looks to be unfinished from technical point of view and from Elliott wave perspective, because it needs to be finished by five waves. Recent decline has occurred due to recession fears, but it was in three legs A-B-C, which belongs to a higher degree wave 4 correction, especially if we consider a nice rebound away from the strong trendline connected from 2023 lows. So, watch out on a bullish continuation at the end of 2024 that can send the price back to new all-time highs for wave 5.
NASDAQ:AMZNLong
by ew-forecast