Alex Vieira Doubles Amazon Price Target On Shopify ValuationAmazon is the second cheaper tech stock on the exchange after Tesla
Amznlong
AMZN RSI ContinuationBullish RSI continuation. Strong regression trend, Pearson's R value of 0.93 on the monthly chart. A possible cup and handle also.
AMZN - retesting breakout consolidation area, good setupSummary
Provided market stays bullish I believe AMZN poses a good risk reward setup based on an extended consolidation period and high volume breakout with retest.
Analysis
Let's focus on this light gray box I've drawn that ranges from 1818.89 to 1830.77 and spans the width of the chart. Support and resistance are often fuzzier than one specific line, in this situation, we have about a $12 range where price responds. Observe for yourself how price reacts to this area.
Last August we fell below this level and attempted to break back above without success. Note the lower volume breakout attempt on Sept. 5th where price traded sideways and failed to hold above this level.
I also want to point out my OBVX v2 Oscillator, note how upward momentum has been capped since last August. Decent selling pressure and very little continuation on upward moves.
So, price consolidates for about 5 months, putting in slightly higher lows in an ascending triangle pattern.
Finally, on Dec. 26th we get a high volume break (1) and a large up candle. The following session we gap up and explode on high volume, then sell off closing near the previous sessions close. Interestingly, this candles highest price rejected almost exactly at the 61.8% retracement of the July 11th swing high, to the October 3rd swing low (blue fibs). When I see something like this I look to the volume profile, I want more clues. On the right of the chart you'll see a larger volume node. This has and will continue to serve as moderate resistance, so keep this area in mind while trading. Check out the OBVX, finally breaking out of that capped range.
The most recent session ended in an interesting place. We have a spinning top doji, which indicates indecision, bears are waiting for more information & so are the bulls.
Once again, we have some interesting fib respect. This time using a fib extension we see we've retraced almost exactly to the 78.6% retracement. This level also has confluence with our light gray box area we started this discussion with.
We also have a very near test to the well respected 200 sma. Look back on this chart to how well AMZN respects the 200 sma, and here we are sitting just above that level, on top of our gray box, above our point of control area.
I like the risk reward from this level, though I don't advise haste while entering. The spinning top doji warrants some caution here. But I do believe we have upside potential.
AMZN Buy Opportunity AMZN has formed a large double bottom buy, continuation of the bullish uptrend is likely, with the recent formation of this rounded bottom.
AMZN 1-Hour Cup & Handle Nice SetupNice setup on the 1 hour for amazon. looks like we're forming the upward half of the handle. Bolinger band contraction on 15m shows a jump to the upside also looks imminent.
AMZN Amazon SPRING + DARK POOL TRADES = HAPPY NEW YEAR: GAP UP!!
AMZN technicals pointing to more strength. Expect big GAP UP before opening on Jan 2nd!
Dark Pool Trades have been pouring into AMZN - roughly $3B in last 2 weeks.
Long term uptrend channel former resistance now offering strong support.
Three day downtrend was broken today during consolidation & shows bullish pennant forming.
Downtrend/Pullback from $1900 was caused by end of year writeoff selling for tax purposes - expect those positions to reenter and bandwagon buying from other underperforming retail stocks.
Amzn had record breaking christmas sales - best sales ever reported. Same day and one day also Quadrupled YoY vs quarter 4 of last year.
Short of Entire Market having big time pullback, expect AMZN to continue strong upward move through earnings .
Be prepared to sell earnings . It's no secret that earnings on AMZN will be off the chain - sell the news likely generates our next pullback, but stock will probably be 100-200 points higher if it follows other earnings releases (stock runs up sharply prior to earnings )
New Years BUMP (for all stocks) has historically occurred during first week in January. That will push AMZN even HIGHER than it's momentum...expect $1900 in short order.
NOTE: Watch the SPRING! For more info on institutional spring which may or may not happen since today is a holiday for many, google the Wyckoff Spring.
Why amazon jumped ?!Christmas is over, Kwanzaa is just beginning, Hanukkah is just past its midpoint, and retailers are beginning to take stock of their performance during the holiday season. So far, one of the big takeaways this year is that consumers rushed to e-commerce sites to lock down early and last-minute gifts.
Between Nov. 1 and Christmas Eve, U.S. retail sales climbed 3.4% year over year, according to newly released data compiled by Mastercard (NYSE: MA) SpendingPulse. A breakdown shows that online shopping generated the majority of those gains, as e-commerce sales soared 18.8% during the period, compared to a 1.2% increase at brick-and-mortar stores, according to the report. Digital sales accounted for 14.6% of the total retail sales (a new all-time high).
One of the biggest beneficiaries of that trend was no doubt Amazon.com (NASDAQ: AMZN), and its stock is up more than 4% on the news that shoppers flocked to its platform in record numbers this holiday season.
Amazon in a long level, up to $1850 then $2000?Amazon drops into a key support level where it rotated a few times right at $1745 now its showing signs of strength and volume is starting to increase. It's been in a strong range for 4 months now and it looks like its about to break above. As long as retail numbers don't disappoint in the next few months we'll hit the first target at $1845-1850 and then into $1900. We need to see price break above the year to date POC and hold it as support. Volume on the move higher is really important as well.
Disclaimer: This idea is for educational purposes only, this does not constitute trading or investment advice. TRADEPRO Academy is not responsible for any market activity.
AMZN 2000 EOY??Really nice set up from AMZN to go long.
HOWEVER, trade war news can break this bullish ascending triangle.
Amazon stock back up to $1950-$2000.Amazon stock has been on the rise for the past few days on strong volume through some key resistance points, one being the year to date POC. The upside structure is starting to build up as well, as the low that caused the move higher was higher than the previous drop. The volume on the recent pop shows promise to the upside. There is a resistance point that is coming up which may spell trouble for the stock.
The resistance between $1845 and $1865 is based on a previous peak high and the 100% Fib extension on the current move. This level could push price down again into the $1770 support however if it breaks the upside is going to open.
Tech has gone up nearly 50% this year alone and Amazon is a lagger, the retail spike during the holiday season will have some effect on the upside of the stock as well.
Disclaimer: The following idea is for educational purposes. TRADEPRO Academy is not held liable for any actions taken in the market as a result of this idea. This idea does not constitute investment or trading advice.
AMZN long setup and detailed explanation - 1:3 Risk-RewardAmazon daily chart shows higher lows and higher highs. I have decided to go long with a proper risk management. I'm going to risk ~2% of my account here.
AMZN LONG TRADE SETUP:
Entry: 1739.43 (or at the opening of 18th Nov)
SL: 1681.62 ($57.81 from entry)
1. TP: 1811.69 ($72.26 from entry - 1:1.25R)
2. TP: 1933.25 ($193.82 from entry - 1:3.35R)
Risk: ~2%
WARNING: Winning probability is lower than 45% (by the day of execution)
DESCRIPTION:
Say you have $10,000.00 in your account. How much would you risk per trade? My maximum risk appetite is 2%. In this case, I'm planning to risk $200.00. Let's calculate our position size:
IMPORTANT: If you are new to trading, you want to risk lower. Preferably lower than 1%.
Stop loss value = Entry - SL = 1739.43 - 1681.62 = 57.81
For short setups, you need to use absolute value. That's why we are getting absolute value of stop loss value. In this case, we will not need to use ABS, but let's make a habit of doing it.
Stop loss value = ABS(Stop loss value)
Position size = Risked amount / Stop loss value
Position size = 200 / 57.81 = 3.46
We can not buy 3.46 lots (3 or 4). If I buy 4 lots, my risk is going to be $231 (2.31%) and if I buy 3 lots my risk is $173.46 (1.73%). I'm okay with 2.31% as it's lower than 3%.
Note that as your account balance grows (or if you have a higher account balance), you want to risk lower to be consistently profitable. Losing $200 may not hurt you but if you have $100,000.00 you don't want to risk $2,000.00 per trade. Sooner or later, you are going to have consecutive losses.
Margin = Lot x Entry price = 4 x $1739.43 = $6957.72
After entering this trade, i will still have $3042.28 in my account balance. I have used only 70% of my account balance for this trade.
SUMMARIZE:
Risk = $231 = 2.31% of entire balance
Margin = $6957.72 = 69.57% of entire balance
Available balance = $3042.28
1. Target profit = $289.04
1. Target probability is lower than 45% (by the day of execution)
2. Target profit = $775.28
2. Target probability is lower than 40% (by the day of execution)
DISCLAIMER: I'm not a financial advisor. This article is shared for educational purposes only and should not considered financial or investment advice. Please do not follow my trades.
Please remember to follow me on TradingView
Trade safe,
Atilla Yurtseven
It looks like AMZN Bulls won the tug of warOver the past month, buyer and sellers were in a fierce tug of war and it looked as if sellers were gaining on the buyers as they threatened to break the 1-year channel support line and buyers were aggressively capped below 1830 by the bears. However, it looks like buyers have made a comeback as we see a strong break above the month-long resistance of1830 last trading session. It looks like a run to the all-time highs is probable.
AMZN ANALSIS STOCK SHARTING | SHOW ME THE MONEY! Amazon you dirty little scoundrel. I know you've been up to no good so show me a good time and leave the money in my account. Cheers fam
support my dirty drawings
patreon dot com/kungfunerd
AMZN long, third touch on support!AMZN just had their third touch on support after falling 10%. It´s closing in on apex, who will win, the bulls or the bears? Our next buy target is at the 4-year-long support, should this local support break.
To learn more, you can read my article on AMZN detailing this trade, as well as a quick history of the price action, from the dotcom bubble til todays date.
www.caribbeanvalueinvestor.com
NASDAQ:AMZN
AMZN - ATH's EOWI usually don't try to predict things in this short of timeframe but AMZN price action today tells me it's ready. RSI should move closer to that 78-83 range and I'm hoping to see us pierce that $2,050 mark and make that new support going forward. Volume coming in at the end of the day was a great sign IMO.
ER in 10 days, AMZN usually likes to move at this timeframe but that $2,050 is strong res so we could see a rejection before ER - assuming AWS #s are inline or above expectations and outlook remains positive, We will see ATH.
GLTA
Amazon Looking BullishAmazon has formed a Cup and Handle Pattern, a breakout above the neckline will signal a move higher.
AMZN - Eyeing a 10% move aheadFollow me on Twitter:
twitter.com
AMZN has been in a volatile trading range for some time and it is now testing the upper end of the range, last time we had a sharp rejection after an initial break out.
Looking for AMZN to hold the breakout, possibly retest $1930 before propelling ahead to my TP targets marked in the charts.
Still a high risk reward trade, No stop loss here but a daily close below the 50DMA would be my trigger to exit the trade.
50DMA curling up - still some fear in techAMZN is personally my favorite company on the market. Between their innovation and growing AWS business - not holding any AMZN exposure is something I can't wrap my head around - but hey everyones different.
Adding on discounts but still looking for AMZN to push past ATHs to $2,150. Slow and steady - and will be monitoring anti trust movement but not anticipating much for awhile, if at all.
Watching moving averages but RSI and MACD are a little concerning in the near term. Market is unpredictable so GLTA.
Amazon AMZN LongHi guys its Brian here with a long opportunity for Amazon AMZN.
Amazon was previously in a down trend but bounced off the previous resistance which became a strong support. The price is showing strong bullish momentum and possible profit targets could be 0.382 or 0.5 fib extension levels at 1923 or 2000 respectively.
www.brianchai.com
Free Facebook Trading Group
Long AMZN with first goal at 2015AMZN is on a uptrend with weekly chart. There is one consolidation and the next goal is around 2015.
Elliott Wave View: Further Rally in Amazon (AMZN)Since bottoming on December 24, 2018 low, Amazon (ticker: AMZN) has continued to recover. The sequence from December 2018 low remains incomplete with 100% extension coming at $2033 – $2143. In shorter cycle, we can see from the chart below that the pullback to $1818.90 ended wave 2. Wave 3 is in progress and subdivides as an impulse Elliott Wave structure. Up from $1818.90, rally to $1876.47 ended wave ((i)) with subdivision also as an impulse of lesser degree. Wave (i) of ((i)) ended at $1853.67, and wave (ii) of ((i)) ended at $1840.26. Wave (iii) of ((i)) ended at $1869.72, wave (iv) of ((i)) ended at $1852.50, and wave (v) of ((i)) ended at $1876.47.
The stock then pullback in wave ((ii)) and ended at $1845.28. Internal of wave ((ii)) unfolded as a zigzag where wave (a) ended at $1855.01, wave (b) ended at $1870.82, and wave (c) ended at $1845.28. Wave ((iii)) is in progress and Amazon can see 1 more leg higher to end wave ((iii)) before pulling back in wave ((iv)). Similar to wave ((i)), the internal of wave ((iii)) subdivides as an impulse structure in lesser degree. Wave (i) of ((iii)) ended at $1894.95, wave (ii) of ((iii)) ended at $1882.50, wave (iii) of ((iii))) ended at $1929.26, and wave (iv) of ((iii)) ended at $1916.59 and wave (v) of ((iii)) ended at $1933 peak. Below from there it is in wave ((iv)) pullback. The stock should continue to find support in 3, 7, or 11 swing as far as wave ((ii)) pivot at 1845.71 remains intact. We don’t like selling the stock.
