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Amznsell

AMZN at an all-time high: To be continued?AMZN reaches a new all-time high of $225.8, positioning itself at the upper boundary of an ascending channel that began on January 6, 2023, when it hit a low of $83.07. This channel, nearing its two-year milestone, has developed in five waves, as outlined by the Elliott Wave Theory: Wave 1 Period: January 4, 2023 - September 14, 2023 Movement: $81.43 to $145.86 (+79%) Wave 2 Period: September 14, 2023 - October 26, 2023 Movement: $145.86 to $118.35 (-19%) Wave 3 Period: October 26, 2023 - July 8, 2024 Movement: $118.35 to $201.20 (+70%) Wave 4 Period: July 8, 2024 - August 5, 2024 Movement: $201.20 to $151.61 (-25%) Wave 5 (in progress) Estimated period: August 5, 2024, to today Projected movement: $151.61 to a range of $226.00 - $231.85 (+49% to +53% projected) Key Questions for Caution on AMZN Will it surpass the channel's upper boundary, setting new all-time highs? Will it retrace to a dynamic support level within the channel (ranging between $201 and $195)? Will it break below the ascending channel, signaling the start of a higher-degree correction? Our opinion is for educational purposes only and should not be considered a recommendation to buy or sell. Before making any investment, consult with your financial advisor.
NASDAQ:AMZN
by SHGTrading
🌟📈 AMZN: Amazon on Olympus's Peak!Traders, brace yourselves for an epic showdown with Amazon! 🌟📈 🔍 Critical Juncture: We're witnessing a pivotal moment as Amazon stands at the summit of Olympus. The level at $188.11 has proven its mettle twice before. Will lightning strike thrice? The stakes have never been higher! 💡 Adventure in the Jungle: Embark on a thrilling journey through the Amazonian jungle of trading! With a potential 27% journey to the first buy zone, are you ready for the wild ride ahead? 🔥 Join the Expedition: Venture forth and share your thoughts on this daring expedition! Are you prepared to navigate the treacherous terrain of the market? The jungle drums are beating, and the adventure awaits! 💬 Your Quest Awaits: What's your strategy for tackling this Amazonian challenge? Share your insights and embark on this exhilarating quest with fellow traders! The path to glory awaits those bold enough to seize it! 🎁 Discover the Treasure: Remember, the most insightful comment could unlock a treasure trove of prizes! So don't hesitate—join the expedition and stake your claim to riches in the jungle of trading! 🏆💰
NASDAQ:AMZN
by RICHI_CRYPTO_SIGNAL
2
Amazon (AMZN) Technical Analysis and Trade Idea#AMZN has demonstrated a robust bullish trend, recently leaving a notable price gap between 167 and 162. Given the extended move, a retracement back into this gap appears likely as the market seeks equilibrium before March. Potential Trade Setup: - Entry: Consider a short position near the current range high. - Stop Loss: Employ a stop loss 1.5x the Average True Range (ATR) on the daily (1D) timeframe. - Rationale: This setup targets potential overextension and aligns with the anticipated price rebalancing. Important Disclaimer: This analysis reflects my personal market interpretation and does not constitute financial advice. Always conduct your own independent research and thorough risk assessment before making any trading decisions.
NASDAQ:AMZNShort
by fxtraderanthony
Amazon (AMZN) Breaking the RED line and 100$ wall was a big short signal and now we heading to another big support level which is 80$ Wall Street equities were in the red on Monday with Nasdaq leading declines as investors worried the Federal Reserve's monetary policy tightening campaign could push the U.S. economy into a recession. while Amazon workers will go on formal strike for the first time in the UK, The three major U.S. stock indexes were on track for the fourth straight day of declines since Wednesday, Fed Chair Jerome Powell took a more hawkish tone than expected when the central bank raised interest rates. Powell promised further increases even as weak data showed signs of a weakening economy. The S&P 500, the Dow Industrials and the Nasdaq have sold off sharply for December, on track their biggest annual declines since the 2008 financial crisis. Im not close my shorts till we back to 70$ level are you READY for 2023?
NASDAQ:AMZNShort
by moonypto
2
Unusual Put Option Trade in Amazon (AMZN) Worth $17,212.50KUnusual Put Option Trade in Amazon.com (AMZN) Worth $17,212.50K On May 10, 2023 at 13:27:06 ET an unusually large $17,212.50K block of Put contracts in Amazon.com (AMZN) was bought, with a strike price of $190.00 / share, expiring in 37 day(s) (on June 16, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 4.04 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in AMZN options. This trade was first picked up on Fintel's real time Options Flow tool, where unusual option trades are highlighted. What is the Fund Sentiment? There are 5953 funds or institutions reporting positions in Amazon.com. This is an increase of 125 owner(s) or 2.14% in the last quarter. Average portfolio weight of all funds dedicated to AMZN is 1.69%, a decrease of 19.93%. Total shares owned by institutions increased in the last three months by 0.04% to 6,719,056K shares. The put/call ratio of AMZN is 0.71, indicating a bullish outlook. As of April 24, 2023, the average one-year price target for Amazon.com is 135.49. The forecasts range from a low of 90.90 to a high of $164.32. The average price target represents an increase of 27.07% from its latest reported closing price of 106.62. As of April 24, 2023, the average one-year price target for Amazon.com is 135.49. The forecasts range from a low of 90.90 to a high of $164.32. The average price target represents an increase of 27.07% from its latest reported closing price of 106.62. The projected annual revenue for Amazon.com is 575,744MM, an increase of 9.69%. The projected annual non-GAAP EPS is 1.72. What are Other Shareholders Doing? VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 263,585K shares representing 2.57% ownership of the company. In it's prior filing, the firm reported owning 258,307K shares, representing an increase of 2.00%. The firm decreased its portfolio allocation in AMZN by 29.95% over the last quarter. Price T Rowe Associates holds 218,514K shares representing 2.13% ownership of the company. In it's prior filing, the firm reported owning 282,602K shares, representing a decrease of 29.33%. The firm decreased its portfolio allocation in AMZN by 43.69% over the last quarter. VFINX - Vanguard 500 Index Fund Investor Shares holds 205,175K shares representing 2.00% ownership of the company. In it's prior filing, the firm reported owning 200,916K shares, representing an increase of 2.08%. The firm decreased its portfolio allocation in AMZN by 30.07% over the last quarter. Geode Capital Management holds 161,535K shares representing 1.57% ownership of the company. In it's prior filing, the firm reported owning 157,659K shares, representing an increase of 2.40%. The firm decreased its portfolio allocation in AMZN by 29.59% over the last quarter. Jpmorgan Chase holds 114,501K shares representing 1.12% ownership of the company. In it's prior filing, the firm reported owning 100,509K shares, representing an increase of 12.22%. The firm decreased its portfolio allocation in AMZN by 22.26% over the last quarter.
CAPITALCOM:AMZNShort
by DaveBrascoFX
1
😯 Amazon Ready To Put On Scuba Gear? (AMZN)💰 LET'S GET INTO SOME AMAZON ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ (Overall Market Sentiment) 🐻 Bearish - Amazon Is on high alert as the 1 hour finally starts to shift red on the ema dots indicator below. The candles are firing red with a drop below on the Crossover strategy. I think the bears are getting hungry!!!! Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤ Thanks for checking out our analysis! ✌😁✌ 🥇MLT | MAJOR LEAGUE TRADER
NASDAQ:AMZN
by UnknownUnicorn2319099
10
🚨 Amazon Is On HIGH ALERT!!! 🚨 (AMZN)🤔 The big daddy of e-commerce looks like it could be at a tipping point! MASSIVE ascending wedge! We are now getting the compression at the tip of the iceberg. This pattern can show signs of extreme exhaustion. What you will want to do is play the breakout of the wedge, almost like how I showed on spx500 before the dump. 2515 is current support that MUST HOLD! Good opportunity to short if it breaks that level. 2683 is an opportunity for long if it broke the top of the pattern, would need to be parabolic movement to breach. Best of luck to you! 🎲🎲🎲 🥇MLT | MAJOR LEAGUE TRADER
NASDAQ:AMZN
by UnknownUnicorn2319099
6