Is the Amazon bull run over?Amazon just had its worst week since 2018. Technically, the structure is damaged whichever way or form you look at at the chart. Double top, huge sell volume, way below all moving averages and closed under 2020/2021 support which makes me look at it all the way from March 2020 lows to see where this could be heading. A long-term TL support was broken in summer which turned to resistance and a resistance TL was formed in July which funnily 'may' provide relief support depending on where we open on Monday. The levels from 2700 to 2790 are potential accumulation zones and unless the company is fundamentally in trouble, which we shall only know about post earnings, I expect the stock to find its ground soon and rally into the remainder of 2022. The stock is extremely oversold and I personally believe Amazon is buyable even at current levels for long-term investors since it's nearly at its lowest price to earnings ratio in the last 5 years. Don't listen to all the perma-bears who think the stock is bloated and heading to 0, they been saying that for the last 20 years.
Amazon PE Ratio as of January 21: 55.81
PE Ratio Range for the past 5 Years:
Minimum: 55.56, AUG 19 2021
Maximum: 303.51, NOV 27 2017
Average: 126.34
Median: 92.71
AMZN
AMZN H4:35% gains PT BULLS 4200USD BUY/HOLD(SL/TP)(UPDATE)Why get subbed to me on Tradingview?
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AMZN H4:35% gains PT BULLS 4200USD BUY/HOLD(SL/TP)(UPDATE)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: AMZN H4 chart review and outlook
::: accumulation / strong price action
::: BULLS focus on buying LOW
::: revised/updated oultook
::: setup still valid / BUY LOW
::: final TP BULLS is 4000 USD
::: 50%+ upside remains
::: going into Q1 2022 strong chart
::: ACCUMULATION in progress
::: breaking out of range
::: updated/revised outlook
::: TP BULLS is 4 200 USD +35%
::: BUY near range lows (3000/3100 USD)
::: well defined range so BULLS
::: should seek to BUY LOW
::: recommended strategy: BUY LOW 3000/3100 USD
::: TP BULLS is 4000/4200 USD
::: BUY/HOLD setup +35% gains
::: DO NOT expect overnight gains
::: This is stock market
:::Not casino in Macau
🔸 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.
AMZN Overweight rating from JPMorgan ChaseIf you haven`t bought the June 2020 dip here:
Than you should know that on 2/4/2022, Doug Anmuth from JPMorgan Chase & Co. Boosted the Price Target of AMZN to Overweight from $4,350 to $4,500
I think they included a stock split on their so bullish approach though.
Looking forward to read your opinion about it.
Entery Position.This is what is mostly expected to happen for IO. (it may also be much sharper as a result of a Short Squeeze, no share for short)
Not recommended for Long term BUT it's awesome for Mid term!
Amazon short - Earnings magicThose cheeky accountants huh, who doesn't love them. Hahaha
For real tho, this move will hurt them in the end even more IMO.
That earning report is a joke, for real tho, read it.
How do you justify that collapsing IPO (Rivian) carried this earning report?
Scalling in all the way until 3760 hits - thats where I will most likely lose my mind
But on the other hand 2700 looks like a certainty before 3760.
Yes, the R:R is not great, but I will enter every time I get an opportunity with tight SL until one of those given targets gets hit.
FAANG Dead? The NEW Tech Stock Leaders!With the disasterous earnings of Netflix NASDAQ:NFLX and Facebook NASDAQ:FB this past month it may be time to call for a new acronym of the still bullish and strong Tech Stock leaders of the market: Micosoft NASDAQ:MSFT - Apple NASDAQ:AAPL - Google NASDAQ:GOOG - Amazon NASDAQ:AMZN
The ONE price action trick you NEED to know!I want to show traders examples of a powerful phenomenon for trading price action. This quick price action happens on earnings, major news events, and other catalysts. It happens on stocks, cryptocurrency, futures, and anything that trades! This involves some candlestick analysis but is incredibly simple. Traders can use this to spot reversals and be contrarian to what the market may think right before they are wrong. This can also prevent you as a trader from taking big losses if you react quickly to this warning sign!
We look at 4 examples in this video:
-Amazon NASDAQ:AMZN earnings
-Facebook NASDAQ:FB earnings
-Bitcoin INDEX:BTCUSD
-S&P 500 Index Futures from FOMC meeting CME_MINI:ES1!
Everything that trades will have this happen. Once you see it you will not forget it!
Amazon Analysis 04.02.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
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Thank you for watching and I will see you tomorrow!
Amazon: Short Off of Earnings? Amazon - Short Term - We look to Sell at 3230.10 (stop at 3385.05)
Preferred trade is to sell into rallies. Previous support, now becomes resistance at 3200.00. 50 1day EMA is at 3200. The 50% Fibonacci retracement is located at 324.59 from 3762.15 to 2708.83. 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 2708.83 and 2635.00
Resistance: 3000.00 / 3200.00 / 3700.00
Support: 2700.00 / 2500.00 / 2200.00
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What was Amazon's normalized earnings?I downloaded Amazon's 2021 Q4 and normalized earnings with the result as as follows: I took the net income and removed the other income(expense) amounts as this mostly relates to the Rivian mark to market and to be fair I add back the 2020 Q4 other income(expense) amount. After all is done, net income for the quarter was $3,691 for 2021 Q4 vs $7,222 for 2020 Q4. Using the after hours price and taking the $7.15 EPS, the PE is still a whopping 97.
Revenue did increase (all from AWS), but expenses increased more, resulting in lower income. Further, if Rivian stays down 40% and they do another mark to market in Q1 of 2022, EPS will be destroyed!
In an environment where income is rewarded and growth is not how should Amazon be valued? In my opinion, Amazon is not a growth company and is not an income earning company either.
Say AMZN was down 8% during the day and up 14% after market for a net of 6% on the day. A 6% increase implies a strong result. I am not sure this was a strong result.
AMZN Amazon.com: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Amazon.com, Inc. (AMZN).
The chart is self-explanatory. Death cross on the 1D chart recently occurred. RSI and MFI is below the support line. Keep an eye on the Multi-Year Support Line if price starts to break down.
Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI, Death Cross, Simple Moving Average, EMA Ribbons, Volume.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
I have additional charts below on cryptocurrencies, stocks and more to review. Check them out!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Expect a small rally tomorrowA historic $200B drop in market value today in Meta caused, in my opinion, the NDX to drop like a stone today. Everyone is paying attention to earnings now that there is nothing new to cover this week. We all know about the Fed tightening (which I said in an earlier post, was not historically correlated with drops in performance) and inflation. Everything is priced in. Only movers now will be earning reports from big tech, as we saw today. Now Amazon's stellar earnings will cause a rally tomorrow the same way Meta's disappointment caused the NDX to decline so much. Proof is in the E-Mini Nasdaq 100 Index (NDX futures).
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