Amazon: Weekly Moving Average Resistance Amazon - Short Term - We look to Sell at 3219 (stop at 3346)
Preferred trade is to sell into rallies. Previous support, now becomes resistance at 3200.00. 20 1week EMA is at 3167. The 50% Fibonacci retracement is located at 3219 from 3762 to 2671. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 2768 and 2635
Resistance: 3200 / 3500 / 3700
Support: 2700 / 2500 / 2200
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AMZN
What happens when FAANG rises more than 5 times by 2000 days? Disclaimer: These assets are not for new traders or those who don't tolerate ULTRA HIGH risks. I don't recommend this trade (also I don't recommend any other trade). This is just my market view on the current moment. It could be TOTALLY WRONG. If my view changes in the future I am not obligated to update this idea or publish a new one.
AMZN Potential Bearish Reversal | 17th March 2022We expect price to dip from our Sell Entry of 3084.43 in line with the 61.8% Fibonacci retracement to our Take Profit level of 2718.60 in line with Fibonacci confluence (127% Fibonacci extension, 78.6% Fibonacci retracement and 61.8% Fibonacci projection), along with the horizontal swing low support. Our bearish bias is supported by price trading under Ichimoku cloud indicator. Alternatively, price may break our entry structure and head for our stop loss of 3270.02 in line with the 100% Fibonacci projection level and horizontal swing high resistance.
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Amazon flowing down the river. AMZNGoals 2697, 2542. Invalidation at 3637 .
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
The Beauty of 50% Retracement FractalsThis is my third post about Amazon NASDAQ:AMZN in a week but I find the price action to be one of those rare, textbook, beautiful moments where 50% Retracements work in fractals. From the pullback on March 8th, to the pullback on March 14th, to the pullback at the open today March 15th... the patterns repeated on smaller timeframes.
Amazon 50 in 50Following Amazon stock NASDAQ:AMZN hitting the COVID low to ATH 50% Retracement on March 8th, 2022 prior to the split announcement I have been waiting for a pullback to enter on both the Retracement Level and in preparation for the pre-split (May 27th) rally I expect. Success will come from patience.
Amazon to regain some ground. AMZNImmediate targets 3244, 3366. Invalidation 2721.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
$AMZN stock split 20-1 worth it?$AMZN surge up after announcing the 20 for 1 split making all the investors turning their eyes for bullish move.
if you remember when TSLA split last year, making the stock moves about almost $100 in one day. but with AMZON the average move
per day is about $30-60 per day and this could double if wallstreet decides to pump AMZN to get retail investors attention.
but keep in mind, last year FEDS haven't make any move yet on interest rate compared now. also with geopolitical issues going on market
tends to be vert unstable and choppy making hard to predict the move.
technical analysis wise, AMZN is still bearish in my opinion if you look at the daily chart.
if you look at it on smaller time frame, AMZN just entered the squeeze and pushing back up.
here my ideal play to enter.
Day trade or scalp target play: 03/ 11 /22
Buy call above 2968.30 sell at 2980.72 or above
Buy puts below 2891.30 sell at 2879.74 or below
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Amazon 50% PRIOR to announcementThis is a maximum facepalm where I neglected to set an alert. PRIOR to the split announcement the 50% Retracement level for Amazon NASDAQ:AMZN was 2699.56. Price hit this Support level and held on March 8th, 2022 - two days before the announced split which will likely setup a rally. The split date is May 27th so to atone for my mistake I will be watching this like a hawk to find a risk defined entry to play the potential split rally.
AMZN: Time to BUY amidst the euphoria?Hello traders and investors! Let’s see how AMZN is doing today! It is going up more than 5% by the time I’m writing this analysis, thanks to the announcement of a 20:1 split. Let’s see what the charts are telling us.
In the 1h chart, it is trading way above the 21 ema, indicating some euphoria, and it is breaking the previous resistance at $ 2,925.71 (red line). However, the bias is still bearish, and we have a purple trend line as the main resistance on AMZN in the short-term, and we don’t see a clear bullish structure. There’s no bull trend yet (no higher highs/lows).
The split announcement came at a very good moment, as AMZN just hit the support at 2,707 (black line) in the daily chart, making this a possible Double Bottom pattern. This is a good sign, but the bearish bias persists.
There’s another resistance that AMZN must break in order to reverse the trend: The 21 ema in the daily chart. The stock must do a clear bullish structure as soon as possible, otherwise the market may understand this just as another bounce to the 21 ema before it drops again – a dead cat bounce.
To me, AMZN must do a clear pivot point in the 1h chart to confirm a reversal in the daily chart, as I never buy during euphoric moments - I always wait for the R/R ratio makes sense. If it closes under the $ 2,925 today it might correct a little bit more, then we’ll see if it is worth to buy it or not.
Either way, AMZN does look interesting, and it is a possible buy soon. However, I see stocks that are more interesting right now. I’ll keep you guys updated, so remember to follow me to not miss any of my future analyses.
$AMZN stock split$AMZN announced last night a surprise 20-1 stock split effective at the beginning of June. The stock jumped 10% in after hours. In order to start an active sequence in needs to clear the recent downtrend around $3050-3080. Watch it today for overall sentiment in the tech sector. Will it follow in the footsteps of $TSLA,$AAPL and $NVDA, or will it find it harder to rally as is the case with $GOOGL?
$AMZN: Topped long term, short itI'm short $AMZN from here, I had briefly ridden a daily down trend signal before, but now we have a massive monthly topping pattern kicking in. I think it is a good market hedge, and might be a great long term pair trade to short it against energy longs as the ultimate reopening/end of the stay at home bubble trade. Bezos leaving was the kiss of death, antitrust risk is massive for the company, I can see this become a lengthy and very painful decline for shareholders. Better abandon ship ASAP .
This might be the canary in the gold mine for FANG as well, the rally since 2009 lows is likely over and we can expect a 2000-2012 style move again. Lots of pain for hodlers, don't be left holding Bezos' bag here.
Best of luck,
Ivan Labrie.
$AMZN Key Levels, Analysis & Targets$AMZN Key Levels, Analysis & Targets
I’m going to say that Target 3 is still on deck. Crude jumped significantly this week and I believe that the cost of fuel will take a cut out of AMZN revenue. 2548 is my target from the last analysis and I can definitely still see if happening.
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled (most of the time)
(Support=Green, Resistance=Red, Trendlines=Blue) Fib will be labeled if any and their colors will vary.)
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
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