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AMZN trade ideas

AMZN still strong but decelerating?I mostly follow tech stocks and am a fairly new charter. I have been following AMZN for awhile and it seemed to develop a nice trend line from May through June. Now the trend seems to have changed angles? Does anyone else see this? At first I thought it might be related to the interest rate changes but the FOMC held steady on the last mtg and there doesn't seem to be much correlation. When compared to SPX or DJIA over the last week or so, AMZN seems strong to what almost looks like a reversal (or at least a pullback) in the major indices.
NASDAQ:AMZNLong
by amazingwhirled
2
The Art of PatienceAmong the dozens of qualities and attributes, experts say traders need, patience is one of the most important qualities a trader can possess. It is a virtue often overlooked in the fast-paced world of trading, where new traders are lured into the trap of the get-rich-quick ideology. The ability to wait for the right trades can be the difference between success and failure, but how can we grow our patience? In this article, we will dive into the art of patience. We will discuss why patience is important and methods to cultivate patience. Why Patience is Important in Trading In this day and age, patience is a difficult thing to master. As a society, we almost want things before we know we want them. That makes waiting for nearly anything a monumental burden for most. We are so impatient that we are willing to pay money to remove things that require patience. Ads on video or music streaming apps or expedited package delivery are great examples. However, this does not mean we cannot learn and become disciplined in the art of patience. Patience allows traders to take a long-term view of the market. That market can be a volatile and unpredictable environment, and the temptation to blindly leap into a trade can be immense if we cannot maintain discipline and patience. Emotional or impulsive trades often lead to losses. Patience allows traders to wait for ideal opportunities that are thoroughly analyzed, utilizing a robust yet simple trading system. If we as traders take the time to be patient and genuinely analyze potential opportunities we can often avoid trades that are likely to be unprofitable. How to Cultivate Patience Patience is not a natural trait for everyone, but it can be cultivated through practice. Here are some tips for building your patience: Set realistic goals: Patience really requires a long-term perspective. Traders should set realistic goals for their trading strategy and focus on achieving them over time, rather than trying to get rich quick. The old adage of “Rome wasn’t built in a day” couldn’t be more pertinent. Great things take time to develop, but they are often worthwhile. If you miss, you miss: Something that is difficult for any trader is missing an opportunity. Maybe you were pulled away or just generally distracted, and an opportunity passed by you. It is unwise to hop on the FOMO train in the hope that there is still room up or down for a trade to be profitable. It is far better to take a step back and analyze the market and find new entries or opportunities that can be verified by your system. Missed opportunities are also a great learning experience to build yourself up rather than tear yourself down. Avoid distractions: Ohhhh look a squirrel! Anyways, the markets can be overwhelming, and it can be easy to get distracted. Examples of distractions would include nonconsequential/irrelevant news, misleading social media posts or groups, and personal environmental factors. Avoid distractions and focus on your trading plan; your future self will be thankful. Practice mindfulness: Many mistakenly think mindfulness is to make your mind a blank canvas, devoid of thought, and disregarding everything external. Mindfulness is the practice of being present in the current moment, recognizing when your mind wanders, and letting it go as you bring your focus back. View your mind as a muscle that needs to be trained, not entirely dissimilar to an athlete training their body. Mindfulness can help you stay focused and avoid impulsive decisions as you bring yourself to the present moment. Conclusion The funny thing about patience is that it takes time to develop. Patience is a foundational pillar for a trader's market psychology, but it is one of the hardest to build up. It allows traders to wait for the right opportunities, avoid emotional decision-making, and take a long-term view of the markets. By cultivating patience and applying it to your trading strategy, you can increase your chances of success.
NASDAQ:AMZNEducation
by LeafAlgo
4
A bearish crossover in Amazon’s (AMZN)A bearish crossover in Amazon’s (AMZN) MACD suggests a weakening bullish momentum. However, it is too early to conclude a start of a downtrend. This because a daily close above $127.40 may trigger a trend continuation towards the upside, specifically towards the $133.50 resistance, last traded on 9 September 2022. In contrast, the trend reversal is likely to come if there is a daily close below $121, which is around the EMA20 days. Downside support could be seen at $114.
NASDAQ:AMZN
by Boring_Trader
Amazon W Formation looking sweet to $152.00 About the Co. On the daily Amazon has formed what's known as a Short Formed W Formation. This is where the second rounding bottom has a HIGHER low than the first. This is more bullish than a standard W Formation, IMO, because it means the bulls did not let the price get to the previous low. The fact that the price has broken up and out of the neckline, shows strong buying momentum, which will push the price higher. Other indicators confirm... 7>21>200 RSI>50 - Higher lows Target $152.00 ABOUT THE COMPANY Amazon.com, Inc. is a global technology company focusing on e-commerce, digital streaming, artificial intelligence, and more. Founding: Amazon was founded by Jeff Bezos on July 5, 1994, in Bellevue, Washington, USA. First Product: Initially, Amazon was an online marketplace for books. Name Origin: Bezos chose the name "Amazon" to suggest scale (Amazon River is one of the largest rivers in the world) and because it started with "A," which would appear early in alphabetical order. Public Listing: Amazon went public on May 15, 1997, and is listed on the NASDAQ. Expansion: After books, Amazon expanded to sell music, videos, and, eventually, everything from groceries to electronics, clothing, and more. Global Presence: Amazon operates in multiple countries around the globe, including the United States, Canada, United Kingdom, Germany, France, China, Japan, and India. Amazon Prime: Launched in 2005, Amazon Prime is a subscription service offering free two-day shipping, streaming music and video, and other benefits. AWS: Amazon Web Services (AWS), launched in 2006, provides on-demand cloud computing platforms and APIs to individuals, companies, and governments. Kindle: In 2007, Amazon introduced the Kindle e-reader, revolutionizing the book industry by making digital books popular. Employees: Amazon is one of the world's largest employers, with over a million employees Physical Stores: Amazon also owns physical stores, including Whole Foods Market (acquired in 2017) and Amazon Go, a chain of cashier-less convenience stores. Devices: Apart from Kindle, Amazon has produced several successful electronics, including the Fire TV, Fire tablets, and Echo smart speakers, which feature the voice-controlled AI assistant, Alexa.
NASDAQ:AMZNLong
by Timonrosso
Is AMZN approaching strong pressure?Is AMZN approaching strong pressure? This chart shows the weekly candle chart of Amazon stock from September 2020 to present. The graph overlays the top to bottom golden section for 2021. As shown in the figure, after completing the double top form in 2021, Amazon stock plummeted all the way to the end of 2022, and then completed the W-bottom form! Amazon stock has recently broken through the top to bottom golden ratio of 1.618 and 1.382, and is about to test 1.000! So, in the future, we will use the lowest point of 133.57 in March 2022 as a key position for Amazon stock, and pay attention to whether it can effectively intercept the recent upward trend!
NASDAQ:AMZN
by Think_More
AMZN Amazon could lose market share because of ChatGPT If you haven`t sold AMZN here for a profit: Then you should know that the implementation of a chatbot like ChatGPT, powered by OpenAI's advanced natural language processing capabilities, could indeed provide an opportunity for consumers to find the cheapest price online for the same product. In an era where price comparison and cost-saving measures are highly valued by customers, this feature could be a valuable asset for Bing. Amazon's reputation for having expensive and overvalued prices has been a topic of discussion among consumers. While Amazon provides a wide range of products and convenient shopping experiences, some users have expressed concerns about the pricing competitiveness on the platform. This presents an opening for Bing to attract cost-conscious consumers who are actively seeking better deals. Furthermore, the concern over the origin of products, particularly those manufactured in China, has gained attention in recent years. Some consumers prefer to avoid purchasing Chinese-made products due to quality, safety, or political reasons. If Bing can provide a search experience that allows users to filter or identify the origin of products more effectively, it could cater to a segment of consumers who prioritize alternative sourcing. If I had to buy some options, that would be the following puts: 2024-1-19 expiration date $105 strike price $4.10 premium Looking forward to read your opinion about it!
NASDAQ:AMZNShort
by TopgOptions