Amazon (Amzn) sold the $188 level. Here's what next...Hello Traders, Skyboxpips here!
Amazon stock did a sell off from the $188 level last week to the $173 price level closing out the previous weekly candle bearish.
Amazon is doing a retracement for the retest
It feels satisfying when predictions play out.
Bezos
Musk + Bezos + Burry + Retail vs BuffetWho are the American stock market heroes?
1. Musk (the hero of the American people, a role model, and someone who speaks the language of the young) warning of a recession in mid 22 twitter.com
2. Bezos ( the one who build the giant of AMAZON to whom they even made a song for him www.youtube.com) warning of a meltdown
3. The TV Star Dr. Burry!!! ( everybody loved the movie and want to short like him) warning that the crash is about to come twitter.com
And then you have these 2 points
1. The unpopular to youngsters Buffet investing more money fortune.com
2. Robinhood to allow all retail short stocks techcrunch.com
In my previous post, I showed how the 4-market phases look similar to today's market image BUT when everybody sees it you know what happens...
7/10 AMAZON 4200 JULYHey fellow traders,
Welcome back, I hope you are doing good.
Right here we can see Amazon, which is in very good shape...almost sexy! ;)
There is a Triangle forming, which is a bullish sign, especially at a record high.
Most of the time, the pennant leads to higher highs, which more or less is the height of the all-time high and the first low of the triangle.
Expecting 4200USD at a 25% rise, Amazon which had 106billion Q4 earnings in the year of Corona 2020, expected was 95, and which is in addition to this, the highest earnings for a single quarter...This is pure jet fuel to me.
Regarding the global change to digitality and a technoculture of digital payment, clouding, and online culture, I think Amazon will be and already is a giant forming and shaping the future of business.
Not just selling but creating marketplaces, being a service provider and a logistics monster, Amazon will do pretty good, at least this decade, that is FOR SURE in my humble opinion.
Anyway, getting back to technical analysis:
-As you can see, RSI (relative strength index), the "strength of the market" looking strong, being in a healthy uptrend, not being overbought or sold, pretty natural higher highs and higher lows, especially from September 2020 until today (February 2021).
-Volume pretty nice, too: We see high volume when the price rise from 1600USD (15. March 20) to 2400USD within 4weeks, and a little less but acceptable and confirmable volume, when the price hit the actual all-time high at 3500 (1. September 20). Right now, the volume is declining, which is a sign that market participants do not even think about shorting or selling this stock. In today's trading session (2. February) I heard not even one sell or short order was given in NASDAQ, only buyers or holders. Incredible.
-The triangle acts also like a bull flag from the recent leg up (1600-3500 15. march- 1.september 2020)
What do we wanna see?
-A break out of the triangle which already occurred and created a gap (could be closed in a single sharply in the coming days)
.Good volume while climbing to a higher high until July 2021.
The price target and the date range is because of historical data, which shows average length for price actions of this kind and estimated price ranges, because of a) the triangle and b) older moves of this stock, which are kind of similar.
Pew, this was a long one. But you are done, good job coming so far. And you know what didn't expect to write that much honestly haha ;-)
Anyway, hope this idea provides you with interesting information and data,
happy trading,
gqt
ps: Jeff Bezos is no longer CEO of Amazon. It the Head of Cloud Services Andy Jassy, which is there from the beginning. Jeff will be Chairman and will be looking over his shoulder, like Bill Gates does on Microsoft when he left it a while ago.
Amazon - Double bottom on the Nasdaq 100 index and AMZN too?Yesterday, Amazon broke above resistance at 3 276.69 USD. This is a particularly bullish development for the stock and it strengthens the case for uptrend revival. On 24th January 2022, AMZN marked a low of 2 707.04 USD. Then on 8th March 2022, AMZN saw another low of 2 671.45 USD. These two lows are resemblant to the double bottom formation which is a trend reversal pattern. Since the second low was formed, technical indicators have improved for Amazon. Indeed, on the daily time frame, they turned bullish. Currently, this time frame points to more upside for AMZN. Because of that, we would like to set a new price target for AMZN to 3 500 USD.
Illustration 1.01
The picture above shows the daily time frame of Amazon stock. It also shows two recent bullish breakouts.
Technical analysis - daily time frame
RSI is bullish. The same applies to Stochastic and MACD. Indeed, just recently, MACD performed a bullish crossover above 0 points; that is very bullish. DM+ and DM- point to bullish conditions in the market. However, ADX declines; that suggests that the prevailing trend is turning neutral. Overall, the daily time frame is bullish. Although, relatively weak ADX might translate to sideways moving price action in the short term.
Technical analysis - weekly time frame
RSI and Stochastic are bullish. MACD is due to perform crossover above 0 points. If it manages to do so, then it is going to bolster a bullish case for AMZN even more. DM+ and DM- are still bearish. ADX declines which suggests that the prior bearish trend is losing momentum. Overall, the weekly time frame is neutral.
Illustration 1.02
Double bottom resemblance can be found also on NQ1! (Nasdaq continuous futures).
Support and resistance
Please feel free to express your own ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering a trade.
Waiting ATHThe paper looks very good technically. Last time such patterns worked well. The level of 3560 can be considered as the start of the longing scenario. It bounces well from the support zone without tending to go down.
However, the position set by some players is already starting. But I don't recommend doing it in the middle of the channel unless you are a long-term investor. Target - 4000 ( 15% upside)
Analysts of the big banks even count on 4150 -4300 per share.
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Amazon Has More Room to RunSeems like every time the market tanks AMZN goes to new all time highs and this week has been no exception.
Finally, however, it appears Amazon has hit some real resistance and could see a pullback before ultimately running to its first fib extension I have plotted at around 3965.
In the meantime there is a nice ascending channel that has formed and in the past we have seen these same channels in large trillion dollar market cap stocks run for multiple months and in many cases even years.
This is a play that has taken months and months to form and is now finally playing out. Do not expect this to end in a week or 2.
Although this moment is not the ideal spot for entry, one can conclude that much higher prices are on the horizon for the world's largest online retailer.
$AMZN breakout @ $3500?*Before reading the information in this please understand the risks associated with both the stock market and investing as a whole. ALWAYS do your own research; invest with conviction, rather than emotion.*
*Please understand I am in no way a professional and offering investment advice, all ideas shared are simply opinion.*
*I work with a team of individuals that does research into potentially undervalued publicly traded companies. We use a mix of fundamental and trend analysis to formulate a trading plan for our securities.*
I hope everyone is enjoying their 4th of July weekend, you know everybody at the @SimplyShowMeTheMoney team is.
Nobody is arguing with Amazon's performance in the market in the last several years, the multi-facet company is continuing to dominate the industries they touch in 2021. Amazon ($AMZN) has a lot to look forward to in the next few weeks, most especially this coming week. Current CEO Jeff Bezos is expected to step down tomorrow, July 5th. Bezos is expected to maintain a large roll in Amazon's operations, moving to the roll of Executive Chair; Bezos will act as a special advisor to incoming CEO Andy Jassy.
Knowing Bezos will remain at large on Amazon's Board of Directors allows the corporate giant to turn a new leaf as a company with this transfer of leadership. It is no surprise Amazon broke through a $3500 resistance this past Friday with this news trending, but the company also has quarterly earnings reports to look forward to July 29th. They are expected to achieve a 12.21 EPS, but investors know that Amazon has a tendency to smash expected earnings; this trend being true these past four earnings reports.
The breakthrough of a $3500 gives Amazon room to run the rest of this year. A long term bullish trend is apparent, this trend started in March 2020 when Amazon was trading at a share price of $1500. Jassy taking over as CEO paired with another expected smash-hit earnings report could give Amazon momentum to smash through
the still-seen $3500 resistance level, and eventually push a $4000 share price.
My team is seeking an entry this coming Tuesday, July 6. Our price points are as follows:
ENTRY: $3500
STOP LOSS: $3150
TAKE PROFIT 1: $4000
Be sure to follow me @bigshotrob for future updates and posts.
Check out my team over at @SimplyShowMeTheMoney
Members of our team are followed there.
NGA TAKES A DIP!!!With market wide EV sell off NGA got caught in the cross hairs not to worry as they are a solid company moving forward with good partners, if your holding it would be in my opinion best to hold and weather the storm. Nothing said my me in any video should be taken as financial advice this is educational only, that being said support if you enjoy!!!
The Dinosaurs are back 🦕🦖🐊Ladies and Gentlemen,
The Dinosaurs are back:
The Super Dragausaurus has appeared in Italy , just a few weeks after the most ethical dinosaur , the famous Yellenosaurus , made it's appearance back i the financial markets.
A third one, the bald Amazonosaurus Interneticus of the Americas has decided to go for a healthy walk from Ceo to Executive Chair
Who is best? Mario Draghi🦕.. nobody messes with Super- Mario, he is fun and Italian🍝
Who is worse? Yellen🐊... taking 700,000$ from Citadel and now pretend she will regulate and save the markets
Amazon MT (February 2nd 2021)Amazon (AMZN) (February 2nd 2021 through October/November 2021)
Low: $3,197 - $3,380
High: $3,998-$4,645
2020 Q4 reports are announced after market close today.
My speculations for 3 major metrics are as follows:
I'm expecting annual guidance to report as positive overall.
I see expect EPS to outperform the analyst expectations of $7.19, some levels I expect are just barely over $7.35, and maybe even in the $9 to $10 range.
I believe trading after tomorrow's close (today as well?) will close in the positive from current price of $3,880. Levels around $3,458 to $3,598 could potentially be achieved in the week or next.
All in all I am very bullish on Amazon as it's an absolute powerhouse of a company that attempts to optimize its efficiency in every single aspect it possibly can. The numbers they push are ridiculous. Employees of Amazon deserve a little bit more pay in my opinion.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
long amazon on Thor's hammer LONG LONG LONG ....
Amazon has lagged so much along in comparison to market. It's time to make some noise with amazon.!!! I am already in weeklies as well as long debit spreads..!! Take position according to your risk. first target 3250/3300 by eow!!!
Stop loss 3080 only if it breaks..
LONG AMZN! Broke out of Flag and Over 3200 ResistanceThe picture says it all...Scratch my last post about shorting QQQ, it is a large portion of it's holdings as Amazon, so might as well long QQQ too if you can't afford AMZN shares. Don't short anything right now, travel and banking sectors are somewhat recovering and people will not rotate out of tech, this will push SPY and QQQ to new heights.
Amazon Potential Buy ZonesSimply supply and demand zone technique used. The blue horizontal lines are where there is a nice overlap of the optimal entry on my Fib. I will personally be putting in my orders at these levels and scaling them as they go down. Please note it may not reach any of zones especially the deeper/lower ones. A market crash is imminent so this should price levels to make investments for the long term.
Investors May Want to Take a Seat - Bezos
Overall AMZN has been a great stock and has outperformed during this Covid 19 environment. Last Week we saw Amazon beat revenue expectations but fell short on profit expectations and the stock fell 8%.
Technically the stock has remained in a strong uptrend but has been overbought for sometime - which is earmarked by the Demark 9 count.
We are seeing price bounce in a Megaphone consolidation pattern. This can mark a Toppy sort of pattern especially if we take out the lower leaning line. A good entry point would be at the below demand zone - if price fill the gap then there's a possibility we are going to see this zone tested. However we may see more consolidation & sideways action and don't expect prices to reach here quickly.
Current prices are baking in around a 50% YoY increase in Earnings - which is pretty high. However Amazon has been one of the greatest growth stories off all time. Bezos is still the richest man in the world even after his divorce! Showcasing Amazon's relentless MarketCap Growth and its New Trillion Dollar price tag.
Bezos told investors to take a seat as it would invest its $4 billion second-quarter profit in Covid efforts, by buying protective equipment, cleaning in its facilities and building its own testing capability. He is taking a long term view which will benefit the company but probably hurt financials/operating costs in the short term.