AMZN looks weakAMZN needs a stronger structure IMO
Will watch the over next week More bearish pullback?
AMZN
$AMZN: Down trend could turn aroundLet's examine the facts real quick: down trend in the daily timeframe hit the target, intraday bars show a bullish reversal into the close after that, weekly trend remains potentially bullish over time, monthly down trend ran out of time. I'd wager that this is the bottom of this correction here, seems like a low risk bet. Bet small, use relatively wide stops and see what it does, energy prices that were a huge headwind have come a long way down...
Best of luck!
Cheers,
Ivan Labrie.
Solid Level for AMZNI have been stalking NASDAQ:AMZN share prices for months now watching as it retraced from the All Time High down to a full 50% Retracement from the All Time Low. This is a pretty epic pullback level that took decades to create.
The 6 month downtrend from 146 > 81 created its own 50% Retracement at 114 as Resistance. February earnings popped to this level and confirmed it. As the January bull run fades AMZN comes back again to test the broader level.
Even as we drill lower to the intraday timeframe we can see the 50% Retracements begin to setup. The volatility around today's FOMC minutes shows respect for the level. This sets up a low risk opportunity to play the decadal Support.
AMZN, quarterlyAmazon issued a weaker-than-expected forecast for 2023Q1. In January, Amazon began layoffs to the tune of 18,000 jobs—a sizable cost cut that will likely pump up net revenue for the next few reports and give shareholders a warm feeling.
After Prime Video’s disastrous performance and insane production costs, the salary reduction is much needed to keep Amazon agile. Expenses have become a primary target for Amazon’s “lean clean” phase, which will balance out the pandemic period’s excessive hiring.
Product sales are lower than expected in 2023, and the stock charts don’t show it yet. Whatever or whoever is fueling the AMZN rise won’t last long without support, but Amazon isn’t cooking anything that will give investors high hopes in the coming months, so don’t be surprised if AMZN has a reversal right after media channels are waving bullish flags.
AMZN (Amazon)- looks bad in a short time, unknown for the restIf in the next three trading dates (21 -23 Feb) does not close above the neck line, I predict AMZN will continue to correct and build up its momentum.
AMZN keeping the downtrendThis is the third time price breaks Ichimoku clod, touch the downtrend line with the WTO at the high that follows a fall until the WTO is at the bottom. Part of the movement is gone but I think there is more path to follow. Stop at the trendline, target at 80.22
Biggest Mean Revert You Have Never SeenThis goes for all the companies that are trading well above 30 PE ratio. Fundamentals doesn't matter until they mean revert violently. History is always right...
Amazon -> Bullish Scenario Playing OutHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
From a weekly perspective Amazon recently tested a quite obvious previous weekly support area from which we started a quite nice rally towards the upside.
Considering the fact that Amazon also broke above a key weekly downtrend-line, I think that we have some more overall upside potential.
From a daily timeframe we are currently retesting previous resistance which is now turned strong support, so if we see some more bullish confirmation inside of this zone, there is a high chance that we will actually see the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
AMZN TRADE IDEAS 2/13-2/17AMZN consolidating on the primary trend line and the wedge of the secondary trend line.
A break above the daily 100ma, at 99.75, I'll look to take it to 101.18, 103.63.
Between the 200ma, 100ma, and 50ma, AMZN has rejected the primary trend line and broke below a key level at 103.63 and closed below both the 200 and 100ma. The next Moving Average support level down is the 50ma, sitting at 93.
A break below 95.75 and I profit target 94, 92.75. A break below the daily 50ma and I will have the demand zone of 85 in sights!
Amazon: Slowly getting there 🐌Amazon is still working on its correction - well, we might have to drag the stock to the green target zone between $95.21 and $85.51 since it is currently moving sideways. Once the green wave is fulfilled within the target zone, the trend can turn back North and rise above the resistance line at $117.50. Our alternative scenario with a probability of 40% implies, that the Amazon stock could ignore the green target zone and exceed the $117.50-mark right away.
Amazon: Fundamental Analysis + Next TargetIn the last year, the price of Amazon stock has decreased by more than 30%. Following profits that were poorer than experts had anticipated in 2023, the company's shares had a temporary recovery.
However, Amazon's long-term thesis is still compelling, and this could be a terrific opportunity to purchase the company during the current dip. This is due to a number of factors.
The macroeconomic environment may soon improve.
Although it is still too early to say whether the Nasdaq bear market is finished, there does appear to be some hope. Even though interest rates are high right now, inflation is not decreasing. This might persuade the Federal Reserve to loosen its stringent monetary policy without sending the American economy into a downturn, a situation known as "soft landing."
Although Amazon's stock price appears to be benefiting from favorable market factors, the company's recent results for the fourth quarter ended Dec. 31, 2022, leave much to be desired. Net sales rose 9% year over year to $149.2 billion thanks to growth in North American e-commerce and cloud computing, which helped offset a significant decline in international e-commerce. Net income fell 98% from $14.3 billion to just $300 million.
That's a very troubling result. But investors should look at the situation in the right context. Amazon's business is cyclical, which means it is very sensitive to changes in macroeconomic conditions -- including inflation and rising interest rates, which can hurt consumer confidence.
And while the global economy may weather the recession, many companies are choosing to behave more cautiously, postponing enterprise cloud migrations or moving to cheaper service levels, resulting in slower Amazon Web Services (AWS) revenue growth.
In the long term, e-commerce and cloud computing remain growth opportunities for Amazon. Executives believe public and private enterprises are still in the early stages of moving their computing needs to the cloud.
And in 2023, Amazon plans to bring its e-commerce platform to new markets in Latin America and Africa. The company's scale allows it to achieve cost and network efficiencies to stay ahead of competitors in the industry.
Amazon stock, with a price-to-earnings ratio of 68, doesn't look particularly cheap compared to the S&P 500 average of 22. But investors should keep in mind that, as a cyclical company, its current earnings are unusually low and do not necessarily reflect its long-term earnings potential.
Despite its near-term problems, Amazon remains one of the best bets for long-term e-commerce and cloud computing, and for patient investors, the stock still looks like a buy.
97 by Feb 15 then 120s by AprAMZN has formed a bullish base a is finishing up its sign of strength, however, expect it to get hit post-earnings.
Near-term bearish with target 97 by 2/15/2023
If it finds support there it will markup to 120s by April 2023.
HTF Amazon PerspectiveNot a whole lot of commentary on this. It looks like we are in a wave 4 of 5 of a higher degree 3rd on Amazon. I would look for a buy opportunity if it hit those confluences around $60-65. Would look at a possible 5 of 3 inbound at that point.
Just my perspective.
Amzn amazon Amazon to retest the 1.618 before moving higher.
Financial report didn’t not help the stock to break out. Time to short and see where the bottom might be.
AMZN WEEKLY TRADEHello
fundamental issue
job cuts
company stability
underpaid
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
AMZNNASDAQ:AMZN
now back to business as usual.
will do its grind upwards and try to climb those channels towards POC
if positive sentiment, needs a big push to take out 120 which is the next major level
else rangebound
AMZN Price may move up to weekly resistance in coming weeksPrice trading inside 3M resistance zone. However there are still 2 months to go to close the 3M candle. Therefore price can be a bit insensitive towards that resistance and continue to move higher.
However, the weekly resistance above definitely going to pose challenge for the price. This also coincides with the downward trend line the price has been push against since the downward movement in the end of 2021 started.
Amazon AMZN - Manufacturing SupportAmazon is a company I frankly do not like anything about. I feel it's like the North American version of the Chinese Communist Party's Aliexpress and roughly exists to rely on a network of fake reviews to push junk made in the CCP's factories through North America for the purposes of letting the Party keep people employed so they don't rebel and to allow the regime a financial lifeline.
I personally make a point of buying elsewhere under all circumstances and have found no reason to use Amazon. The prices aren't even good anymore.
However, when it comes to trading, I don't care. I care about price action, because I believe that the price action fractal reflects the combined knowledge of all market participants.
If it was a buy and hold kind of market, I would stay away from it, but I think Amazon is actually presenting a major opportunity manufacturing support at the COVID-low double bottom and has produced something you go long on profitably.
In early November, I made a strong call on Amazon amid the price action following the Q3 earnings dump that ended up working out for a ~15% gain.
AMZN Amazon - Realistic Expectations In Both Doom and Gloom
The long opportunity at present is even larger, and is primarily based on the fact that I believe that indexes are set for an 8-10%+ jump before we see the real nightmare of 2023 from a broken global economy unfold before our faces and the happy days never come back.
SPX500 / ES / SPY - Enjoy the Party While It Lasts
The basis for the idea is simple. Markets at large do not seem to want to go down. Amazon ran its November post-earnings dump low and has consolidated above the 2020 COVID hysteria panic dump low.
Additionally, Friday's NFP dump was met with a sharp 5%+ reversal, leading to Amazon closing the week above the $85.88 low. The MMs still have not ran the bottom, which indicates they're long from the COVID low and this point will be saved for future considerations once they're short.
The most obvious target for an upside area for the purposes of selling short is the gap at $105, which the previous bounce most notably, conveniently, and only slightly missed. A run to this area already amounts to 25% gain on a time horizon that I would expect is within the period of now to February FOMC.
But additionally, AMZN has a breakaway gap in the $120s that it can target, should that $105~ gap fill and Amazon acts like META has and not retrace.
However, should a pump not transpire in either Amazon or the indexes in general, the best case scenario for Amazon is $75-65. Should this unfold, it may either take a long time for recovery; It may also never recover.
With any long trade, I have to caution readers that the situation in Mainland China under the Communist Party is very severe, as the world's largest and most important nation has been sacked by Wuhan Pneumonia for the last three years.
The situation is not getting better, it's getting worse.
The amount of people and high ranking Party members who have perished is scary, so much scarier than the little bit that comes out from behind the Great Firewall's censorship system.
Should the flames of the pandemic suddenly accelerate one day and cause the fall of key CCP cadres, up to and including Xi Jinping, you should always remember that 6:00 PM Beijing time is right before the NYSE 7:30 open, and thus all long trades are at risk of a significant and unprecedented gap down.
*Sighs* ... Human beings tend not to believe anything until they can see it. So long as their prejudices believe something is "not possible," they won't even consider it can happen until it starts unfolding before their very eyes.
However, then it's already too late.
The problem with Wuhan Pneumonia is the English-language propaganda machines ("media") will not report the truth of the situation in Mainland China and will help the Party cover up the pestilence until the plague is so serious that the Party collapses and nobody can keep a lid on the real disaster befalling the Central Kingdom.
When that day comes, it will imperil more than your PnL and the state of your portfolio.
It's simply just too critical that before that day comes, you do your part to reject and oppose the Chinese Communist Party and the Marxist-Leninist ideals and systems it has spread throughout the world.
For when that day comes, it will be too late for regret.
Hope for the future lies in the present.
Just your choices in the present. It's a test of your heart and soul.
AMZNNASDAQ:AMZN
Already up 7+%
can go towards 120 on the upside
but a bit skeptical for after ER hrs.
can test towards 105
Amazon - watch 106106 is the magic number for me on AMZN - both daily BB and structural trendline resistance is there and we have steep hidden bearish divergence on the daily charts (yellow lines on price and rsi). AMZN doesn't always get to it's BB but I think this time it will, we'll see. Either way, I think it pulls back from there. 106 can be reached with FOMC reaction or with earnings this week. Good luck!
Amazon EarningsAmazon likely sees a continuation move into the multi factor resistance white trendlines.
If it reaches that level it will likely encounter some sell pressure.
