AMZN trade ideas
XRP Comparison to Amazon's price history!
It's been a long time since I posted a chart.
I remember all to well holding AMZN as an asset during this time period... I remember, vividly, thinking how BIG it was gonna be, but almost in disbelief that price was doing nothing, and to be honest, it was a GRIND just to hang on! Holding XRP as an asset, in so many ways, has the exact same feeling!!!
While there will always be differences when comparing two assets side by side, it's the subtle similarities that I find important! For XRP, it's all about conquering this current cloud cover that it has 'nested' itself under. In addition, I think in the short term, the price that may provide some resistance is $1.03.
Cheers!
AMZN Bear trap??Took just a day to trade below 130 support after falling outside bullish channel. Unfortunately I took my profits the day prior. Although HMA is bearish, we are in heavy oversold territory and looks like it could be a bear trap. Selling a 135C and 125P strangle could be a good idea as I foresee AMZN trading in this range short term.
AMZN, Decisive H-S-FORMATION, Setup For BROADER PULLBACKS!Hello,
Welcome to this analysis about AMZN and the 4-day timeframe perspectives. Since major stocks in the stock market such as PYPL or FB recently showed up with heavily increased volatility bearish pullbacks to the downside the advance-decline line of the whole averaged stock market is declining which means that a pullback in the other bigger market cap stocks such as AMZN is increasing the more other stocks follow these developments, this can also lead to increased volatility to the downside in which the whole market turns to the downside. Therefore it is necessary to do not keep this scenario from the desk and consider the technicals to rightly prepare and also possibly catch opportunities in this market environment. Therefore when looking at my chart, we can watch there how AMZN is now building this main head-shoulder-formation with the left shoulder and the head already completed. Now with forming the right shoulder, AMZN has a huge resistance within the main Upper-Resistance-Cluster which is marked in red in my chart, in this case, there is a high possibility given that from there on AMZN pulls back to the downside which will show the origin of final completion of the head-shoulder-formation. Once AMZN has completed the head-shoulder-formation bearishly below the neckline as seen in my chart this will activate lower target-zones shown in my chart at the 1980 level marked in black, once these levels have been reached it will be determining on if AMZN holds these levels or just sets up for a continuation. If AMZN breaks below these targets and into the Bearish-Continuation-Zone marked in red this will lead to a Wave-C-Extension down the line, in any case, it is necessary to keep the bearish perspectives in mind and be prepared on these dynamics.
In this manner, thank you for watching the analysis, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the markets.
AMZN closes outside channelAmazon has been trading in the same bullish channel since March of this year. Today it closed just outside of it, however 135 is a good level of support as it goes back to March of 2022. If it fails next level is 130. HMA and stochastic is bearish, but is entering oversold territory. Tomorrows candle will be a good indication of short term trend.
Last Friday I opened a short postilion (145 puts). Closed on Tuesday for 40% and 60% profits.
Back in channel, bullish.
Trades outside channel, bearish.
Should You Buy AMZN Now??Technical Analysis:
- AMZN is still doing a WXY medium term correction in blue
- In the short term AMZN is finishing wave ((3)) in black of ((5)) waves to complete wave (X) in blue
- We expect that the correction will be finished at around
70 when wave ((II)) in black is also completed
- H1 and H4 right side is up
Technical Information:
- Don't buy AMZN now
- If you're either a swing or position trader, you can buy when the correction WXY is completed around 70
Watching AMZN break of 139.64 for continuationThe headline chart is a 15 min chart, but it's easier to see what's really happening on the 5 min chart where it broke a wedge downwards and remains to reject entry back into the trend:
I'll be watching for breakdown entry under 139.64 only if it retests it and confirms resistance. I would be looking for 138ish.
Already played NASDAQ:AMD for +20% today. Continued to +50% on strength.
Welcome to follow for more insights.
Of course, this move is cancelled if it breaks 139.98 and becomes support. Thanks for reading.
Head and Shoulders AMZN LONG $$$AMZN has recently demonstrated an uptrend until a sudden momentum change on 9/19. The current resistance level (neckline) is set at $145.05. With the beginning downtrend, the stock sets up a short position from the neckline to roughly $102. Following a reversal from support of the previous shoulder, a long position forms and AMZN exits the pattern.
MacD and SQZMOM are indicative of a trend reversal while RSI is indicative of an overbought condition.
In the broader market context, many major stocks have recently experienced significant corrections, followed by impressive rebounds, eventually reaching new 52-week highs. This pattern may serve as a template for what could happen with AMZN after this inverted head and shoulders formation.
Possible Long positions and Short positions look like this:
Remember to put your stop losses after the last low!
AMZN: there's strong support here, but I'll wait for TL touchThis would likely be a daytrade or 1-2 day swing when this transpires anyway.
If I miss out on the reversal, it's better than entering too early.
One strategy is to enter slow, but that can be detrimental if you don't know what that means and if you don't have discipline.
Also there's a h/s on the 4hr candle-chart. So I'll wait.
Look at my AMZN short from yesterday. Paid well and hit targets. Puts are at least +100%.
Strong TrendWe're approaching a strong trendline here on both the main chart and the RSI. I think we get a bounce here, but keep your eye close to the trend incase it breaks.
Not financial advice, good luck to all :)
$amzn at support NASDAQ:AMZN has been fluctuating on the rising channel as shown in the chart. The price has touched the bottom of the channel. This is the strong support as it confluences with MA support as well. The short-term price target for @amzn is $145. Not a financial advice.
Diagonal ! Wave 4 ?Greetings everyone,
I hope you've had a productive week with successful trades. I wanted to share some of my ideas on the Elliott Wave Principle. It's crucial to make informed decisions and exercise patience in all transactions.
As per a quote from (J.F.), a professional analyst of the Elliott wave principle, amateur traders tend to focus on the possibilities that may happen while professional traders focus on the possibilities of what is happening.
My recommendation is to bear in mind that, after making a trade, the primary responsibility of the trader is to minimize risk, eliminate it, and ultimately preserve the profits earned.
Thank you for your continued support, and I'm excited to continue our journey together.
Sincerely,
(Mr.Nobody)
part 2 QQQ & SPY & 7 Mega Cap Tech stockssupport and resistance guide QQQ & SPY & 7 Mega Cap Tech stocks
Amzn Here's Amzn with fibs
130 fib aligns with 50sma and trendline.
Bearish divergence on daily RSI.. looking for a lower high with this next push up followed by a flush.
Upside targets are
137 and if it can break and hold over that then 145 gap close. I don't think it goes higher then 145 before correcting like the RSI foretells and it will only make it back to 145 if spy can break over it's 445 or 50sma.
Below 130 is 127 support
If and when Amzn ever breaks 127 it's coming back down to 113-115
I'm short term bullish long term bearish here
AMZN, Develops Main Ascending-Triangle, Bullish Breakout Ahead!Hello Traders Investors And Community,
Welcome to this analysis about AMZN, we are looking at the 12-hour timeframe perspectives. AMZN in recent times is in a very interesting constellation as it managed to hold its higher base-formation and is showing up with some bounces within. Besides that, I discovered this amazing ascending-triangle-formation within the structure marked with the black boundaries. Within this triangle-formation, AMZN has the coherent wave count and the waves A and B already completed. As AMZN now approaches the upper boundary of the triangle where still resistance is lying this is likely to be the origin of the wave C that will approach the confirmational-bounce-cluster from where a bounce can be expected. In this case, it is necessary that AMZN rightly holds this zone and does not falls below because this will invalidate the formation. When AMZN then manages to bounce in the structure and finally marks above the upper boundary it will be the proper confirmational breakout setup to activate upside targets mainly lies within the 3850 zones marked in blue. When AMZN reaches out to these targets it has to be elevated how it proceeds further and if there can come a continuation of bullishness right away or AMZN firstly settles for a pullback which is not unlikely in this case. For now, the upcoming bullish breakout should be expected, it will be an interesting development ahead of upcoming times.
In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day, and all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the markets.
AMAZON Will Go Down! Sell!
Hello,Traders!
AMAZON is already making
A pullback from the horizontal
Resistance level of 146.31
And it is a strong level so I think
That we will see a further
Bearish correction to the downside
Sell!
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Check out other forecasts below too!
AMZN: Bearish Bat with Confirmation Could Take It Down to $42.99We have officially gotten PPO Confirmation at the Bearish Bat PCZ, as a result, I am now convicted to this trade and am even willing to lower my target back down to $42.99. We have broken trend on the PPO and Confirmed an Arrow at the PCZ; a move down to $42.99 would be the completion of a Perfect AB=CD BAMM and the Bearish Bat here just may act as our Early C entry to catch the more macro CD wave to $42.99.
Amazon.com Inc. rally could just be getting started!Amazon.com Inc. (AMZN) presently approaching significant resistance, able to absorb weekly buying pressures.
Amazon.com Inc. (AMZN) is currently in a buy signal by one-degree from last week’s settlement above a key level.
Therefore, bullish continuation is expected.
A more cautious investor/trader may wait for a weekly settlement above the resistance levels just above (AMZN) current price.
Inversely, a weekly settlement below an elicited support level would lead to bearish momentum through the end of the year.
AMZN long position 50% moveOn the chart we can see a falling wedge.
We expect the price to break the downsloping resistance line,so when it's happen we could entry for long position.
After the breakout of the wedge we expect short consolidation in the green zone and after that an impulsive move to the upside.
AMZN: Sell ideaSell idea on AMZN as you see on the chart after the breakout with force the support line by a big red candle with a large red volume.Thanks.
AMZN: Analysis: Sell ideaWe are in an uptrend. Looking at the configuration of the chart, buyers will find it difficult to go higher and higher. The latter will be out of breath to make way for the sellers. Sellers will only be able to gain the upper hand if and only if the vwap indicator and support line are broken forcefully by a large red candle and followed by large red volume. Therefore, we could enter a sell position as soon as the second red candle appears with large red volume.Thanks.
watch out for this bull flagamazn are going through a bullish continuation phase
look for a short squeeze in the pattern for upward movement
