AMZN
BTC 34-35k Rally, Crash AfterIm speculating that Bitcoin will make a short rally into the 34-35k zone. Once it hits this zone I believe we will see the bears takeover, this wedge setup that is being created backs up my idea. Along with BTC rising to 34-35k, we will see a short increase in SPY, QQQ, AMZN, TSLA, and other major companies. After this short increase I honestly think the market will crash... stocks and crypto. I will be heavily shorting SPY, BTC, and US30 once the market rises towards the zones I have set. BTC: $34k, SPY: $415, QQQ: $315, AMZN: $2700, TSLA: $820. US30: $34k. With inflation increasing and home prices rising, I see a market crash coming... who doesn't lol.
$AMZN might have stroke Gold!NASDAQ:AMZN
$AMZN has been in the news a lot this days. Bezo's going at it with President Biden... First Union and court case awarded to ex-employee. Misuse of customer data... the list goes on.
Are you considering buying into the $AMZN stock split?
Are you concerned about the impact of all these news on the stock?
I'll say one thing and one thing only; Technology.
Technology; bots, AI, robots, and many more are all the things Amazon going for it. It has been able to reduce the cost of its workforce dramatically while growing into other industries. Yes, Inflation will cost a temporarily reduction in customer purchases as seen in the recent earnings; this will be a temporary impact. The supply chain issues, although ongoing, will be resolved as manufacturers realign their suppliers.
Technical analysis:
Daily Chart
EMA (Exponential Moving Average): The EMAs are inverterd 200/100/50/20 EMA which usually means bad news but wait a minute! What happened on Friday? May 13th? Price action is finally above the 200EMA. Is this a dead cat bounce? Are we seeing a reversal of trends?
TTM Squeeze: Squeezing upwards. Momentum to the upside!
Fib Levels: Parabolic movement to the downside; Wish I shorted the position April 20th during the "Death Cross". Given the very volatile markets, leverage trading is not advised but the current position is too tempting not to go long. More importantly; the price action aimed at the blue all hell goes down support line and crossing back up. Have we seen the bottom and stroke gold?
RSI: Went as low as 18.54 on May 12th (Thursday) and popping back up aggressively. Looks like we are oversold and it's time to make some short-term recovery.
Candle Stick: Summary of last 5 candles equate to a bullish pattern. Dragonfly Doji right above the 200 EMA...
Pattern: Rising wedge pattern (This is a reversal trend pattern)
News: With the upcoming split, this might just be a good time to own $AMZN if you don't already have one. (Not financial advice).
Amazon - Time to Buy or to Expect Deeper Correction? A trillion dollar giant Amazon has been upsetting investors with poor earning reports since July 2021 and its market price has already dropped by nearly 40%.
But is the price fair now to buy the dip or should we expect deeper and longer correction?
Fundamental indicators:
Revenue and Profits - consistent growth for the past 10 years, however, it is slowing down since 2021
Profit margin - just 7%, considerably lower than the rest of FANGMAN
P/E - still overwhelmingly overpriced with 54x ratio
Liabilities - no problems with debt
Technical Analysis (Elliott Waves):
Since IPO and the first deep correction in 2001 the share price has been accelerating and developing in a series of first waves
The first considerable correction of wave 4 can be observed between September 2018 and March 2020 in the shape of a Running Flat
And since the historic high $37773 culminating in wave 3 there has been next corrective wave 4 developing
Using the Fibonacci retracement levels from the high, the potential price zone where the correction may find support is between $1880 - $2240, representing 0.786 and 0.618 levels respectively
Considering that the previous wave 4 has lasted for 560 days, the one we are observing now is most likely to last even longer, at least until August 2023
And given that the correction is quite deep it is also likely that correction will be in the shape of triangle, of course other corrective wave patterns are also possible
Given all the above points the price range $1880-$2240 might be good for some purchases. However, considering the risks of recession and lengthy correction in the market - is it worth investing in Amazon ?
What do you think about the prospects for Amazon ?
Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.
Thanks
Amazon - Time to Buy or to Expect Deeper Correction (Update)?A trillion dollar giant Amazon has been upsetting investors with poor earning reports since July 2021 and its market price has already dropped by nearly 40%.
But is the price fair now to buy the dip or should we expect deeper and longer correction?
Fundamental indicators: :
Revenue and Profits - consistent growth for the past 10 years, however, it is slowing down since 2021
Profit margin - just 7%, considerably lower than the rest of FANGMAN
P/E - still overwhelmingly overpriced with 54x ratio
Liabilities - no problems with debt
Technical Analysis (Elliott Waves):
Since IPO and the first deep correction in 2001 the share price has been accelerating and developing in a series of first waves
The first considerable correction of wave 4 can be observed between September 2018 and March 2020 in the shape of a Running Flat
And since the historic high $3773 culminating in wave 3 there has been next corrective wave 4 developing
Using the Fibonacci retracement levels from the high, the potential price zone where the correction may find support is between $1880 - $1660, representing 0.786x of Wave 3 and 1.618x of wave A
Considering that the previous wave 4 has lasted for 560 days, the one we are observing now is most likely to last even longer, at least until August 2023
And given that the correction is quite deep it is also likely that correction may take shape of Triple Three pattern
Given all the above points the price range $1880-$1660 might be good for some purchases. However, considering the risks of recession and lengthy correction in the market - is it worth investing in Amazon now?
What do you think about the prospects for Amazon ?
Please share your thoughts in the comments and like this idea if you agree wit it.
Also let me know if you would like to see other stocks, indices or Forex pairs analysed using Elliott Waves.
Thanks
This is an update to the previous idea following the latest development in Amazon
AMZN just retested old support, longer-term bearishAMZN probably is not going to have a great time going forward. Just retested old support from there earnings bounce. Getting into a Sep 2022 2700 put (straight up). It is expensive so I will have a stop on it, but giving this trade plenty of time to work.
AMAZON NEEDS AROUND +40% FOR RECOVER ATH !!$AMZN what's going on? Jeff Bezos where are you?
I don't think we'll see Amazon stocks under $2k, there is an important support and I think that around 2100 level is a very nice price for buy AMZN for long term.
I like #Amazon and I didn't buy stocks, but I'll buy and accumulate $AMZN if it drops hard around/under 2k, its not probable in my opinion but let's see :)
M2 Adjusted FAAMNG Tutorial/AnalysisThe current FAANG symbol does not have a very long history. Depending on the symbol, you get a chart that either starts from mid-2019 or 2016. We get couple more years of data in this chart, back to early 2014. I weighted each stock equally according to its 60 month average, and adjusted for M2 expansion, which gives us a very consistent support line. There's also a horizontal resistance line that extends from 2018 onward that is currently being tested as support, which raises the questions:
Is historical support now resistance? Is the resistance line now support? Or will we drop below the resistance line once again?
It wouldn't surprise me if we got a bounce here to once again test that the Support line is *actually* now resistance and the drop in price wasn't a fluke. Which, maybe it was. But on the other hand, smaller caps have gotten completely crushed, look at the M2 Adjusted Russell 2000 for example:
We're getting close to the "value" zone, but we're still at the bottom range of wholesale prices. I wouldn't be surprised if there's even more stop-loss style liquidations at these prices.
There are many many unprofitable companies, roughly 50%?!, that are feeling the pain in the Russell. It's not crazy to think that once the smaller caps fall, the rest of the larger dominoes fall. First, there were drops in sort of intangibly valued companies like Netflix/Peloton. Market shrugged it off. Then we saw a single day -0.25 trillion$ valuation drop in Facebook. Market shrugged it off. Now in the past few weeks, Amazon is finally looking terrible, and this is the first time in YEARS that the market seems to be taking it seriously. How long until Apple/Tesla bite the bullet? The market can only shrug off so much localized losses before it becomes systemic. It's only a matter of weeks or months, in my opinion, until we see the remaining FAANMG and others reflect the state of rest of the market.
So how did i manage to get the symbol on the chart?
This method is not perfect. There's lots of ways to do this. I decided to equally weight each stock by their 60 month SMA, given that mean reversion is a well known phenomenon. But you can use any anything you wish, as long as it normalizes the price in a way that you like. Literally anything.
First, I wrote down the SMAs like this:
60 month SMA:
FB = 221.34
AMZN = 2250.99
AAPL = 85.60
MSFT = 173.64
NFLX = 380.58
GOOG = 1585.70
Notice that AAPL has the lowest average, 85.6.
We can use AAPL as our "benchmark".
Divide every SMA by 85.6:
FB = 2.5857
AMZN = 26.296
AAPL = 1
MSFT = 2.0285
NFLX = 4.4460
GOOG = 18.524
Now we can add each price together, and divide by our adjuster that we just calculated, to get a fairly crude, but accurate enough, equally average-weighted basket:
AAPL+
FB/2.5857+
AMZN/26.296+
MSFT/2.0285+
NFLX/4.4460+
GOOG/18.524
Mash it all together, you get:
NASDAQ:AAPL+NASDAQ:FB/2.5857+NASDAQ:AMZN/26.296+NASDAQ:MSFT/2.0285+NASDAQ:NFLX/4.4460+NASDAQ:GOOG/18.524
And adjust for M2 if you want:
(NASDAQ:AAPL+NASDAQ:FB/2.5857+NASDAQ:AMZN/26.296+NASDAQ:MSFT/2.0285+NASDAQ:NFLX/4.4460+NASDAQ:GOOG/18.524)/FRED:WM2NS
This looks ugly though. The value is so small, there's no horizontal bars on the chart because of a display bug in TV or some other problem. So we can simply multiply the entire series by a value. in this case 15, until we get something that looks good.
(NASDAQ:AAPL+NASDAQ:FB/2.5857+NASDAQ:AMZN/26.296+NASDAQ:MSFT/2.0285+NASDAQ:NFLX/4.4460+NASDAQ:GOOG/18.524)/FRED:WM2NS*15
There's a lot of ideas fairly similar to this out there, but I hope this helps someone who might be curious how people came up with these crazy long symbols. Try it with your favorite sectors! Make your own sector benchmarks. You can combine up to 10 symbols at once! Here we only used 6 symbols (7 if you include WM2NS).
Good luck and don't forget to hedge your bets :)
Amazon a good buy at $2000I feel there are some good setups coming in this bearish market. Amazon being one of them for you large cap players. I have a zone between $2150-$2000 which is a monthly fib level. 90% back to the highs from $2000. Even if it dips lower, you know Amazon will perform come a bull market again and go make new highs eventually. Set aside cash to average down if it drops below $2000. The next level down would be the monthly 500ema at $1700. Unsure we will get that far though.
Let me know your thoughts.
Will Amazon (AMZN) replicate the past ?AMZN closed below its 200 MA (W) for the 1st time since 2008.
Past events do not reproduce the future but out of curiosity, just an idea of what it might look like if we look at how it happened in the past. We are here in logarithmic scale (necessarily).
Disclaimer: All content has only educational and informational purposes, and never should be used or take it as financial advice.
AMZN - Attractive Area!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
AMZN is overall bullish trading above the brown trendline and now approaching it again acting as non-horizontal support.
Moreover, the blue area is a demand zone as we previously had an aggressive movement upward from it.
So the highlighted purple circle is a very strong area to look for buy setups as it is the intersection of demand zone and the brown trendline.
As per my trading style:
I will be looking for potential bullish reversal setups on lower timeframes (like a double bottom , trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Market bounce time!Chart self-explanatory.
Everyone expected that rates will crash market and it didn't. This is something I actually envisioned would happen is that the market is actually going to go up.
We need getting too much expectation on crash that actually it won't happen! this is the motto and the play the market has been playing all along and.... funny it works!
Long the fear... as long the fear news is strong and the expectation of crash is strong. You can bet your house that we are going up and it's a matter of the market creating an atmosphere that doesn't make people long. In other words Market is trying to lower it's payouts on longs by pushing people away from longing.
Proven psychological play. Since covid started it has been the same play,
$AMZN Key Levels, Analysis, & Targets $AMZN Key Levels, Analysis, & Targets
I do believe that there will be some upside here… Yesterday’s reversal candle, and with followthrough today and tomorrow could send AMZN up to fill that gap… up to about 2900…
Though I don’t believe the market is done falling as that may take many many more months and possibly years, I do think there’s a good relief rally brewing here before the next move down in the overall market…
AMZN is starting to look like a buy and I’ll likely start accumulating shares/selling some puts later this week… I just want to see some follow through on that reversal candle…
Just need a little more confirmation and then looking for a 16-20% move…
Let me know your thoughts…