Good time for a Portfolio rebalancing.After a Friday characterized by a choppy market, only to close with a small liquidation at 4107 (futures), indecision still reigns among investors and it is understandable, considering the macro economic data and commodities.
My own commodity ETF performs + 156%
Normally June is a month of rebalancing, although obviously, we are living in a particular historical period and I don't think I am relieving myself heavily.
Interesting week for Amazon (AMZN) with an upcoming historical split of 20/1 that will, in my opinion, lead to numerous purchases on the stock that opens, after years, to small investors.
Apple (AAPL) after a good week, closes with a bad day , driven by the market, the upcoming conference and the products presented will be important. Net of market movements related to the Nasdaq or S&P, Apple remains the excellence of American companies, in my opinion so solid that it is considered a new safe haven for long time investors.
Happy trading
Lazy Bull
DISCLAIMER: I am not a financial advisor. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AMZN
AMZN running out of bear market rally steam?25% bounce from recent low AMZN stock will split 20:1 I believe after the close Friday. Never understood why anyone thinks a split changes anything in the fundamentals or value of a company other than shares will be cheaper for the retail gambler I mean investor to dip their toe into AMZN stock. Shorted twice today via June 3rd puts will be looking for a longer term entry. GL
AMZN Amazon 20-for-1 Split on Monday, June 6AMZN Amazon was the last giant company which didn`t split its stock.
And the $2510 price was somehow prohibitive for retail investors.
The 20-for-1 Split will be more retail investor friendly and we could play some options at a decent price for AMZN.
Statistically we saw an increase in price of every company that did a stock split so far, so i expect the same for AMZN Amazon.
My price target is $2738 or its split equivalent by the end of next week.
I see an 11.30% upside from here.
Looking forward to read your opinion about it.
$AMZN DOUBLE BOTTOM BAGa real money maker right here boa.
$AMZN in a very similar double bottom pattern to previously mentioned charts from $SPY and $NVDA. $AMZN also has a stock split June 6th, stocks are known to run in anticipation to their split and I don't think $AMZN will be any different. Kind of expecting some parabolic price action.
My price targets are noted by the green lines; and dare I say $AMZN may begin to fill the gap at around $2615?? I say it's quite possible.
Not financial advice
All eyes on $AMZN for split?$AMZN drops significantly after missing the ER a few weeks ago and it gets worse with the market pulling back, taking the amazon down below the 100MA. based on technical indicators; Amazon is in the oversold position and its almost safe to say its a buying opportunity for everyone. especially with the upcoming split in few days. the split will probably draw some attention to investors causing the stock to squeeze to push up. The squeeze to push even higher for the high of the day could be significant as the market attempts to bounce back after 5 days in a row being green, which might have created a bullish sentiment. now, in my bearish opinion based on technical indicators. AMZN is still looking bearish. the stock currently trending below the 100MA, indicating that the stock is still below the bullish side and might take a while to bounce above the bullish momentum. With that being said. here's my possible entry for momentum play or scalp play.
For scalp or day trade moves.
For calls; buy above 2320.46 and sell at 2380.46 or above
For puts, buy below 2291.82 and sell at 2274.46 or below
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if you swing calls, your next target is 2444.41
if you swing puts your next sell target is.. 2243.0
Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities
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Buy Amazon and holdAnother amazing buy opportunity in tech. Amazon put in an extreme MACDH diverergence yesterday on the daily charts at major support around $2000.
Wow this is such a great long term buy and hold here. We can take profits at any of the red resistance lines shown above if we want to trade short term time frames but this $2000 level looks really solid. DXY has been falling off as predicted and now Amazon looks primed for a big run up.
As I have said before in my recent posts, I believe inflation has peaked and the fed will not get more hawkish than it already has this is a great shot at this being the bottom in Amazon. Either way lots of profits to be had on the run up to resistance levels
$spx $amzn bull trap of the decade setup?made a vid for a friend, thought I'd make public to get feedback (on the analysis, the vid's my first so take it easy! :)
both amazon and the market as a whole are due for a leg lower but one that could occur in a stand-out fashion, befitting the historic significance of this moment from multiple perspectives.
AMZN $2500 Price Target by Mid-OctoberFollowing the same trend and momentum patterns of the SPY and QQQ ideas I posted earlier today. I see another consolidation phase after a sharp initial continuation of this incline. The stock split should help generate retail momentum additionally. Not trading advice.
AMZN: A $ 500 REVERSAL ahead? Let's see.Hello traders and investors! Let’s see how AMZN is doing today!
Like many other stocks, AMZN is trying to reverse. After finding a bottom around the $ 2,048 (blue line), AMZN bounced and it dropped again to this line, making this a possible Double Bottom chart pattern. This is a powerful reversal pattern, and usually it works very well, when triggered.
In this case, AMZN must break the $ 2,316 (red line) in order to trigger the reversal pattern. The red line is the last resistance, and it is quite close to the 21 ema, which is another technical resistance that AMZN must break, otherwise, the bear trend will just persist.
If AMZN triggers a reversal, we have two possible targets to work with, in the mid-term. First would be the $ 2,707 area, which was a previous support level, and it could be a resistance in the future, according to the Principle of Polarity. Second, and my favorite one, is the gap at $ 2,806, which I do believe will be filled, eventually.
In the weekly chart, we see that the possible Double Bottom chart pattern in the daily chart couldn’t have a better timing. AMZN just hit a very curious technical support level, which is the February 2020 top level, before the crash.
In addition to this, AMZN is reacting nicely. So far, we see two Hammers candlestick patterns, with long shadows under the candlestick’s bodies, indicating some strength in this area.
For now, let’s wait for a clear reversal, as AMZN could fly roughly $ 500 (or 20%) if we do trigger the reversal we want. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
AMZN: ON THE DIVING BOARD.AMZN is currently sitting on a major historical support between 2020 and 2080.
I believe it has never been so oversold. It does't mean it cannot go lower.
So, will it dive? One thing is for sure, tech and growth are not in favour.
You have 3 options here:
1. You think the support holds. Go long. The coming stock split could boost the price.
2. You believe the market keeps on selling. Short it if it breaks the support.
3. Wait for lower levels (1683, 1593, 1346) to go long.
Pick your winner.
Trade safe!
AMZN Amazon valuation is still high! If you haven`t sold Amazon.com, Inc. (AMZN) at $2891, when you saw the slowest growth since 2001:
Then you should know that the 51.89 Price per Earnings ratio is still high compared for example to BABA, Alibaba, who has the same business model, but a P/E of 23.39 - which is still high, btw. Should be around 18 in my opinion.
So my price target for AMZN is $1900.
Looking forward to read your opinion about it.
AMZN - The Jungle Ugly in the extreme.
EPS missed the mark and the punishment is extraordinary after
the Q4 Short Squeeze - we're seeing price well below 3400...
used to SELL SELL SELL.
Ouch, effing ouch.
Depression, yes, Rexcession entry? crazy talk by design.
It's a Depression and has been for some time.
Consumption, Savings Real Incomes... yeah screwed beyond.
Retracement?
Hmmm... Good Luck.
Only the FED can save this overpriced Paper.
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#x Sub Sales Multi, good luck, 20% growth is gone for a LONG
LONG time.
EL/LA Tiempo reveals Rivian's gains are captured 2021 Q4.
$8 Billion write down... some gains.
Ouch.
Expense Side - Ouch.
Net Sales North America - Ouch.
The decline in Internation Sales... Only $# Billion from a marginally profitable
Business at best.
Ouch again.
Losing Money, AWS still the story, it's ain't expanding.
For now, they have a Plenty O' Cash... for now.
CASH FLOW Neggy ... again Ouch.
Amazon 75 Day Target - $2380Amazon is looking poised to trend towards the $2380 level. We could see a jump back to the ceiling of this down-channel, implying around an 8% rise over 75 days. Amazon's ATR has been at an all-time high since 2020, and the stock needs some time to consolidate; however, an 8% move from pre-COVID support levels over 50 days is not entirely unrealistic. Expecting a slow climb to this level and then to test from there. Following upside, levels seem to be $2700 based on volume profile.