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AMZN

AMZN: Trading in a VERY IMPORTANT price area!• AMZN is in a very curious price area; • In the 1h chart, the trend is bullish, as AMZN is doing higher highs/lows, trading above its 21 ema, and it recently broke another resistance at $97; • Now, AMZN is doing a pullback to this dual-support level (21 ema+$97); • However, in the daily chart, AMZN is still in a bear trend, as it is doing lower highs/lows, and it just hit its dual-resistance area made by the 21 ema + $101; • If the bear trend wins, AMZN would lose the dual-support in the 1h chart, and AMZN would just resume the bear trend from here; • However, if the bull trend in the 1h chart wins, AMZN must break the $101 + 21 ema area in the daily chart; • What would be the technical targets for these scenarios? The gaps (red lines), as they work as magnets when the trend reverses. Remember to follow me to keep in touch with my analyses!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
4
AMZN Amazon - Realistic Expectations In Both Doom and GloomSomething I am aware of is that traders get trapped primarily because they get laser focused on one specific side of the market and one specific price target. This happens either because of greed in wanting to get it allllllll from a winning position or simply being caught underwater. Amazon, a formerly $1+ trillion company by market cap, lost 30% of its value in the course of literally two weeks, but yet, still does not count as "cheap." Weekly At $91, this thing is still pushing a $982 billion market cap, and this is a company that more or less exists as a cesspool of fake Chinese product reviews and as a western import hub for junk effectively siphoned from the Chinese Communist Party's Aliexpress. Looking at the monthly, after two years of post-Coronavirus Disease 2019 distribution, nobody in their right minds should be bullish on Amazon. It's no longer a buy, it's a sell, and has been all year. It's not that Amazon is a bad company, it's that the market structure clearly seeks to drain all that coiled tension from two years of selling inside a (relatively) narrow range. But that being said, you can also tell from the monthly that there's huge ranges playing out while it makes its way downwards. The monthly also shows that Amazon is trading at a deep discount level of its total COVID-era structure. While it could run from here and take out the lows with great ease, or run towards them another 10% and double bottom, I feel it isn't likely to play out so easily for bears, who already just had a big meal, and should not be overly greedy. When we look at the Daily, it gives us a lot more perspective and some things to be realistic about. Namely, the September gap is above equilibrium and counts as a breakaway. Amazon will trade back there one day, but only after the market operator has achieved its downside objective, for it already played with equilibrium twice and had no interest in filling the gap. But Amazon lost almost $20 on its earnings call to end October, and then bounced hard before proceeding to lose another $10 in short order. The notions of "oversold" and "overbought" shouldn't be measured in terms of indicators, for those are just math-based lagging lines. Overbought and oversold should be measured based on price action, for in reality, when the trading desk at JP Morgan and Citadel sit down in the morning, they're looking at dollar values, just like you are. "How much do I have to spend? How much can I make? How much do I stand to lose?" But unlike you, they aren't looking at trendline astrology or squiggle lines and Elliot wave superstitions, because when it comes to taking risk and calculating for potential reward, if you lose, you can't really tell your shareholders things like "But meh Williams %R hit 42 while the wave count was a 16(a)(c)42. I don't know what went wrong!" Based on today's overall wild price action it seems that indexes are poised to stop trying to make lows and rally. This is congruent with the timing we face, with the US midterms being Tuesday of next week and CPI printing on Thursday. During today's manipulation, Amazon also made three consecutive hourly lows before finally pivoting. This should indicate the operators will seek short term upside. What's good in this trade is a most conservative upside target is 10%, slightly over $100. Yet, if Nasdaq rips even 60 or 70% as hard as the Dow just did, upside targets in the $107 range are likely to be fulfilled. If Nasdaq really goes crazy bull trap to sucker in retail and gamma squeeze, then $120 is on the table. These are big opportunities one can take advantage of, but it's hard to take advantage of them if one has their eyes on the $81.30 COVID low because Fintwitt, your signal service Discord, some guy with a Pepe avatar who claims he worked for Goldman Sachs in 1997, etc., are screaming about recession and the Federal Reserve not pivoting.
NASDAQ:AMZN
by LordWrymouth
15
Buying Amazon lows.Amazon - 30d expiry - We look to Buy at 103.11 (stop at 97.97) 101.26 has been pivotal. 101.43 has been pivotal. We look to buy dips. We look for a temporary move lower. Early pessimism is likely to lead to losses although extended attempts lower are expected to fail. Support is located at 102.00 and should stem dips to this area. Our profit targets will be 116.16 and 119.16 Resistance: 117.00 / 121.50 / 125.50 Support: 110.00 / 105.50 / 102.00 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
3
AMZN D1: TP HIT+ 30% GAINS PT BEARS SHORT IT(REPLAY)(STOCKS)Why get subbed to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates AMZN D1: TP HIT+ 30% GAINS PT BEARS SHORT IT(REPLAY)(STOCKS) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: AMZN daily chart review and outlook ::: original setup posted on July 21st ::: SHORT alerted from overhead ::: 30% GAINS TP HIT already congrats ::: maxed out already ::: Currently DISTRIBUTION already completed ::: we broke down on heavy volume ::: this is NASTY looking chart ::: BAD for the BULLS / stay out ::: FED rate hikes incoming / FED PUT is GONE ::: short sell rips/rallies in the throwback move ::: expecting backtest of the recent Distribution Range ::: recommended strategy: SHORT IT / STAY OUT ::: up to 40% correction still possible from here ::: fair value for AMZN is 85/95 USD ::: DO NOT BUY/HOLD here this is NOT A DIP ::: This is stock market meltdown in progress ::: be careful / don't get ran over by the FED 🔸 Supply/Demand Zones . N/A RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
NASDAQ:AMZNShort
by ProjectSyndicate
43
AMZN: Post Earnings analysis! What's next for AMZN?• The crash was intense on AMZN, could it bounce from here? Let’s see; • First, the trend is bearish, as AMZN is doing lower highs/lows in the 1h and daily charts; • There’s not a single bullish structure indicating it’ll bounce in the near future, however, AMZN just hit an important support level; • As seen in the daily chart, the $101 area was a previous support level from June, and although AMZN dropped below this point, it went up nearly 6% from its bottom to close above this support – doing a White Marubozu in the process; • This could suggest that AMZN is oversold, but we must see more bullish signs in order to believe in a bounce, like a pivot point in the 1h chart, or any other meaningful pattern; • To me, it is a little too early, but AMZN could be a promising stock in the near future; • If it loses the $101 again, AMZN will reject any thesis that considers a possible bounce to the 21 ema, so keep an eye on this support. Remember to follow me to keep in touch with my analyses!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
3
What happened to Amazon today?Today, after the market closed, Amazon released its Q3 earnings and revenue, as well as other financials. It outperformed earnings per share by a significant margin, so why did Amazon drop 14% in after-hours trading? Well, the answer lies in a few things which I will cover today. 1. Amazon Web Services (Includes cloud computing, a major component of Amazon's revenue) only brought in 20.5 Bil, compared to forecast of 21 BIl. 2. Due to the above reason, Amazon's revenue was lower than expectations of 127.63 Bil, only achieving 127.1 Bil, with much, much slower growth compared to the previous quarterly earnings and revenue. 3. Amazons sluggish growth in revenue can only mean one thing -- A weaking Consumer. And as the Fed hikes interest rates quickly, Amazon's revenue may go down along with inflation. 4. Guidance from Amazon shows a weak Holiday quarter (weak sales and revenue) So, this is just an update on the latest news to keep you updated. If you want me to continue this type of posts, please comment!
NASDAQ:AMZN
by AlphaTigerInvestments