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AMZN

Amazon (AMZN) Continues the Bearish Elliott Wave Sequence LowerShort term Elliott wave View in Amazon (ticker; AMZN) suggests the decline from 12.1.2022 peak is in progress as a 5 waves impulse. Down from 12.1.2022 peak, wave ((i)) ended at 94.92 and wave ((ii)) rally ended at 96.45. Stock resumed lower in wave ((iii)) towards 87.90 and wave ((iv)) correction ended at 88.88. Final leg wave ((v)) ended at 87.45 which completed wave 1 as the 45 minutes chart below shows. From there, wave 2 corrective rally ended at 96.26. Internal subdivision of wave 2 took the form of a zigzag Elliott Wave structure. Up from wave 1, wave ((a)) ended at 91.39, wave ((b)) ended at 87.87, and wave ((c)) ended at 96.26. Stock resumed lower in wave 3 with internal subdivision as an impulse. Down from wave 2, wave (i) ended at 90.52, and rally in wave (ii) ended at 93.46. Stock then extended lower in wave (iii) and should complete with a few more lows. The stock should then bounce in wave (iv) before another leg lower in wave (v) to complete wave ((i)) of 3. Near term, as far as pivot at 96.26 high stays intact, expect rally to find sellers in 3, 7, or 11 swing for further downside.
NASDAQ:AMZN
by Elliottwave-Forecast
2
AMZN: Next support + KEY POINTS to watch from here!• AMZN is correcting, and there’s no bullish sign indicating a reversal or a bottom on it yet; • Even if it does, the 21 ema is a persistent resistance, and AMZN can’t trade consistently above it since August; • In addition, pay attention to the $101.90 area. This seems to be a key point, as it worked as a support/resistance multiple times recently; • Only if AMZN breaks this key point I see a true reversal on it; • For now, it seems it is just seeking the next support around $85. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
Make or Break Elliot Wave Count: The capitulationUpdate on my previous idea. It's still make or break for the bear market right now. Personally, I don't see us breaking out of the downtrend. But a fake-out was always possible, and this seems to be what we got following softer than expected inflation data. Note that this technical analysis is a small part of the bearish case. The wider macro-economic environment bear case speaks for itself. And in my opinion, nothing has changed. The fed remains hawkish and monetary policy remains contractionary. Recession indicators have clearly rung their alarm bells. I also don't think the 'fed pivot' is the ticket out of here - history shows that more downside follows in the stock market even after the fed pivots - this is because the effects of their policy decisions don't change overnight. Economies take time to respond. To conclude, I think there is still downside in the SPX, as shown in the chart. But, if we break out of the downtrend line with conviction, I would reassess. But I do think we are still to see the full effects of contractionary monetary policy in earnings and employment figures. But we shall wait and see. I'm long volatility via VIX Call options and CFDs. What do you guys think? *not financial advice.
SP:SPXShort
by Doge_Dean
4
SPX /S&P 500 📈Top 3: AAPLE, MSFT, AMZNHi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 If you're into stonks, today's update is for YOU. Cryptocurrencies are the largest part of our focus, but that doesn't mean we don't consider other markets suck as Forex, commodities and stocks. So today, let's take a look at the SPX / S&P 500 : The top 3 stocks in the SPX by weight are : 1) Apple Inc. / AAPLE weighing 6.488138 2) Microsoft Corporation / MSFT weighing 5.52972 3) Amazon.com Inc. / AMZN weighing 2.386112 To put it into perspective, number 500 on the list is DaVita Inc. / DVA weighing only 0.012525. (There are actually 503 stocks in the S&P500). From the above, we can clearly conclude that what happens in those 3 markets, especially AAPLE, holds quite a lot more weight than the rest. Taking a look at AAPLE from a Macro perspective, the chart seems to be in trouble. A very clear Wyckoff Distribution Phase is about to form: On the Microsoft chart, thins are not looking rosy either. Infact, it seems as though we have just finished the low volume rally, meaning distribution phase in full force is up next: AMZN is the only chart of the Top 3 lookin remotely bullish, seeming to have completed a full Wyckoff Method Cycle. Next up would be accumulation phase which involves range bound or sideways trading : The S&P 500 index is a great way to diversify your portfolio and so manage your risk. It consists of most (but not all) of the largest companies in the United States. The S&P market cap is 70% - 80% of the total US stock market capitalization. It is a commonly used benchmark for stock portfolio performance in the US and abroad. Beating the performance of the S&P with less risk is the goal of nearly every portfolio manager, hedge fund and private investor/speculator. Interested in Cryptocurrencies? Check out this bullish idea on Litecoin : _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
SP:SPXShort
by CryptoCheck-
36
AMZN 20 Years Long Uptrend - Targets 68/72, Then LowerAMZN Enjoyed a massive bull market for more than 20 years until April 2022 when this massive uptrend failed. The uptrend ended and the bear market has been fully confirmed. Now, how much lower can it go? Mid-term (1-3 months) we are seeing the 72-68 range as the next and main support target. By June/July next year (2023), it can go as low as 41, depending on how things develop of course. The last mayor correction lasted about 1.8 years from top to bottom. This would put the next bottom at around mid 2023. Namaste.
NASDAQ:AMZNShort
by AlanSantana
AMZN Potential for Bearish Continuation | 12th December 2022Looking at the H4 chart, my overall bias for AMZN is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Look for a sell stop entry at 85.88, where the recent low is. Stop loss will be at 103.78, slightly above where the 23.6% Fibonacci line and recent high is. Take profit will be at 69.43, where the -27.2% Fibonacci expansion line is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NASDAQ:AMZNShort
by Rockqet
AMZN Can it reverse and go LONGOm a monthly chart from Amazon's beginning to the present. Amazon was in a sustained uptrend peaking in the summer of 2021. Since then it has retraced down to the Fib 0.5 level. Price was more than two standard deviations above the long term anchored VWAP and is now downtrending into a value area. The volume profile shows three high volume nodes and price is currently in the middle node, Finally, the volatility on the RSI indicator has decreased as had the strength itself. AMZN is likely setting up for a reversal. Now, is a good time to buy stock or a long term call option. This is a long idea for investors not traders.
NASDAQ:AMZNLong
by AwesomeAvani
AMZN: Could it turn BULLISH gain? “Only” if it does THIS!• AMZN lost our key support level, after failing in breaking the 21 ema in the daily chart; • The volume is still low, a sign of weakness, and in theory, AMZN is seeking the next support at $85; • Only a miraculous reaction, making it close above the $90.59 again (making this a false breakout), could frustrate this bearish sentiment; • Either way, this is short-term thinking. If you are looking for a long-term reversal sign, watch the $101 area; • The $101 is a multiple support/resistance area. Clearly, this is an important key point. Only if AMZN breaks it we might see it seeking higher levels again – maybe filling the last gap around $133; • For now, let’s focus on the support at $85 and on the short-term resistance at $90. I’ll keep you posted on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
2
AMZN Potential for Bullish Rise | 5th December 2022Looking at the H4 chart, my overall bias for AMZN is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. However, I am looking to play the pullback. So I am looking for a potential buy entry at 92.43, where the 61.8% Fibonacci line is. Stop loss will be at 85.88, where the previous swing low is. Take profit will be at 109.58, where the -27.2% Fibonacci expansion line and 38.2% Fibonacci line is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NASDAQ:AMZNLong
by Rockqet
5
AMZN: CONGESTION! How to proceed?• AMZN is in a congestion, as seen in the 1h chart, trading between the black lines as shown above, while the 21 ema is completely flat; • As long as AMZN remains inside this congestion, hardly we would see something new, however, any breakout could be interesting; • By losing the support around $90s, AMZN has a target at the gap (red line at $86.82); • On the other hand, by breaking the resistance around $96s, the next resistance is at $103.78 (previous top); • Although AMZN seems erratic, these key points might offer us some clues on how to proceed. I’ll keep you updated on this. Remember to follow me to keep in touch with my analyses!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
3
AMZN Potential for Bullish Rise | 29th November 2022On the H4 chart, the overall bias for AMZN is bearish . To add confluence to this, price is below the Ichimoku cloud which indicates a bearish market. However, we are looking to play the pullback by placing a buy at 92.43, where the 61.8% Fibonacci line is. Stop loss will be at 85.88, where the previous swing low was. Looking to take profit at 109.58, where the 38.2% Fibonacci line and -27.2% Fibonacci expansion line are located. To add confluence to that take profit area, there is a market gap that looks good to be filled. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NASDAQ:AMZNLong
by Rockqet
1
AMZN Potential for Bearish Rise | 25th November 2022On the H4 chart, we have an overall bearish bias for AMZN with price underneath the Ichimoku cloud. We are looking to play a pullback long entry. Looking for a buy at 92.43, where the 61.8% Fibonacci line is. Stop loss will be at 85.88, where the previous low is. Take profit will be at 109.58, where the 38.2% Fibonacci line and -27.2% Fibonacci extension line is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website
NASDAQ:AMZNLong
by Rockqet
4
Amazon: A Vision in WhiteAlthough Amazon is currently moving sideways after following a downwards slope, we expect the course to drop down further below the support line at $87.59 to reach the white target zone between $85.73 and $65.73, where wave (IV) in white should hit its low. Afterwards, the course should turn back up and push above the support at $87.59. As soon as the course exceeds this mark, it should wander further North to climb above the resistance line at $104.87 and carry on with the upwards trend. There’s also a 30% chance that Amazon could make it above $104.87 earlier already, thus skipping the white zone.
NASDAQ:AMZN
by MarketIntel
Amazon to break back above $100?Amazon - 30d expiry - We look to Buy a break of 105.01 (stop at 100.26) 103.78 has been pivotal. We are trading at oversold extremes. Prices have reacted from 85.88. In our opinion this stock is undervalued. Previous support, now becomes resistance at 105. A break of resistance at 105 should lead to a more aggressive move higher towards 115. Our profit targets will be 116.88 and 119.88 Resistance: 95.00 / 101.00 / 105.00 Support: 90.60 / 85.88 / 80.00 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. 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