$AMZN looking to fill Monday’s gap$AMZN is playing catch-up with the other tech stocks as its rebound has been weaker. For today, it will be on our radar if it manages to get above 3419 and start to fill the gap. We have a target of at least 30 points to the upside if the market conditions allow it.
Amznlong
AMAZON , 140% gain ahead.it's a monthly chart of AMAZON, as you see , the third wave of elliott hasn't ended yet .
our target is 8300 $ , exactly on 161.80% Fibonacci.
after reaching the target , we will witness a correction as the 4th elliott wave , and then the 5th wave.
so in my opinion , keep your AMAZON stocks , till the target reach.
it's a long-term target , will take a at least 10 months to one year to get there.
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AMZN DAILY TIMEFRAMESNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes.
Start believing in this strategy because it will reward believers with huge profit.
There is a lot more about this strategy.
It can predict and also it can give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
Amazon is on his way back upHello everyone, as we all know the market action discounts everything :)
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The Amazon stock has dropped since the start of August where we see the price in July was trading near 3604.80 then it dropped to 3329.99 almost an 8% drop and the market created a gap, and since then its been struggling a bit to get back up.
At the end of the months, the price started to gain more momentum at August 20 the market started going up and jumped from 3199.00 to 3466.11 in 10 days.
It doesn't look like the market is slowing down as more buyers go in and this Bullish trend keeps on going up.
Scenario for the market movement :
The price already reached the first resistance line at 3459.30 today and its movement doesn't seem to be slowing down. We might see some strong resistance at the second line at 3497.04, But if the Bulls were able to keep control over the market then we will certainly see the price go back to the 3549.08 level no problem and from there a new battle will begin over control and the outcome will determine the movement of the market.
Technical indicators show :
1) The market is above the 5 10 20 50 100 200 MA and EMA (Strong Bullish sign)
2) The RSI is at 61.66 showing great strength in the market with no divergences between the market and the indicator.
3) The ADX is at 32.82 showing that the market is trending, with a positive crossover between DI+ (31.25) and DI- (21.06).
Daily Support & Resistance points :
Support/Resistance
1) 3369.52 1) 3459.30
2) 3317.48 2) 3497.04
3) 3279.74 3) 3549.08
Fundamental point of view :
Investors might be concerned with Amazon (AMZN) facing several headwinds in 2H21. Tough comps, re-openings, and supply chain/transportation constraints are all issues to consider as noted by Baird analyst Colin Sebastian.
However, following last week’s AWS Summit Online conference, the analyst believes investors should be paying more attention to Amazon’s cloud business.
“AWS trends remain positive with accelerating growth, healthy margin contributions, and increasing urgency among enterprises to adopt ‘digital transformation,’” the 5-star analyst said.
Amazon is reportedly investing in a live audio feature similar to Clubhouse that will include podcast networks, musicians and celebrities holding live conversations, shows and events.
Axios sources say the effort is being led by the Amazon Music team, which will make the features available to its subscribers, and the live programming will eventually be added to Amazon's live video service Twitch.
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts and news for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
AMZN Long position#AMZN bullish signal
Position: long
Entry price: 3320-3350$
Target price: 3500-3540$
RSI: approaching 30 which is oversold territory
Keltner Channel: the price at the lower boundary of the channel
Candle pattern: bullish hammer
Conclusion: Candle pattern, RSI and Keltner Channel suggest a pullback to the upside. Long position is recommended on the lower band area with the target zone at upper boundary.
Provided analyse is for an informational purpose only and should not be taken as a professional financial advice.
AMZN is at 200 emaAugust 13, 2021
Amazon is undeniably massive company. a favorite of fund managers to be always in their portfolio.
Looking at the current chart, both investor and trader can benefit from it.
For traders, at the current price, it is near 200ema which is an area of value to consider. a 14.29%
discount from 3,774.81 price. A Stop Loss at 2,920 is 1.5ATR away from 3,021 support
For investors, this level, or current price is an opportunity to accumulate.
AMAZON Potential Bullish ReversalAmazon saw a sharp sell-off last week after its earnings report. Despite AWS and its ads business seeing incredible growth, the growth in their e-commerce core business seems to be slowing down. For this reason, the stock fell more than 8% on Friday. This is very surprising to me as I expected the market to have priced in this scenario. After all, as the economy opens up, people will want to go out and spend money on other activities rather than buying stuff on Amazon during the lockdown.
Nevertheless, the price is testing the support level of the channel trend right now. Keep a close eye on the two support levels indicated in red. As long as we hold these support levels there's a good chance a bullish reversal will play out. On the other hand, if we break these support levels, expect more downside.
AMZN 1H Amazon stock has an uptrend for 20 years, what next?Amazon.com is one of the first Internet services focused on the sale of real consumer goods, the world's largest company in terms of turnover selling goods and services over the Internet. The company is expanding into e-commerce markets around the world.
Such a "big brother" from “Big five“ , the development of which probably inspires all the Internet platforms. Today, it is difficult to name any innovative industry where Amazon or directly its founder Jeff Bezos would not be involved. They are involved in all industries: from filming movies and TV shows to supermarkets without salespeople, from selling anything online to flying into space.
But let's go to the graph, if you looked at our global ideas for the funds' instruments ( by the way, they are all tied to the bottom of this idea ), you should note that all instruments had a consolidation of 8-13 years around the 00s and then a 10-12 year growth trend.
But AMZN shares are different, even special ones — their upward trend , almost without correction, has been going on for 20 years.
From the low of 2001, the share price of AMZN has added more than +60,000% , here even most cryptocurrencies can envy such a powerful and stable growth.
Of course, the higher the price, the more difficult it is to grow, however, we believe there is still potential for growth.
Last year, Amazon's share price was in the consolidation of $2800- $3500. It was gaining strength for the next upward impulse, which took place 2 weeks ago. Now the $3500 level is turned from resistance to support.
If the price does not go much lower than this level, then the forecast of continued growth another 1.5 years to the beginning of 2023 will become very realistic.
The intermediate target for growth can be $4800, and the final target for growth we choose is $5750 . Just imagine, at this level, the price of an A MZN share could rise more than +100,000% from the 2001 low in a single trend. One hundred thousand percent, this is cosmic significance as for funds.
It is good that tradingview retains all the ideas and in 1.5-2 years we will be able to test their effectiveness.
And if you are interested, please like and write a comment. We will update the idea over time, and you will receive a notification about it.
AMZN Long-term LONG/BULLISH - Amazing support for next rise!AMZN Long-term BULLISH/LONG - We had a bounce from the 0.618 and a beautiful support from the 0.5 of the Fibonacci Retracement, next targets are the 0.618 of the Fibonacci Extension ($3543.28) and the 1 ($33800.37) GOOD LUCK AND HAPPY TRADING!