Time to sell AMZN Stock The AMZN stock is still in the uptrend but has put up a number of patterns to sell.
Pattern:
Deep Crab on H4
Strong resistance at 187
H4 has a double top with divergence.
AMZN trade ideas
The Fall of AMZNAMZN has negative divergence. The pattern is a rising wedge but the RSI has been sloping downward. With earnings near, this play could defy gravity. I’m viewing this set up as merely a squeeze. I’m going to wait until earnings, influences the direction and then ride pony in that direction.
Amazon at ATH $188Hello Traders, Skyboxpips here
Amazon has been in a bullish trend and is near the $188 level with great bullish momentum.
We can anticipate Amazon reacting to the $188 level by a false breakout then sell to the short-side or a break and retest to the buyside.
I
We are in Amazon wave 1 and 2 weekly outlookDear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it.
I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision.
I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily.
I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him.
Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
Mr. Nobody
In-Depth Technical Analysis: Amazon.com, Inc. (NASDAQ: AMZN)As of the most recent trading session, Amazon.com, Inc. (NASDAQ: AMZN) presents a compelling case for both bulls and bears, when dissecting the tapestry of technical indicators and chart patterns that have emerged.
Price Action and Candlestick Analysis:
Amazon's stock has recently formed a series of bullish candles, demonstrating resilience as it hovers above the critical support level at the 50-day moving average. The latest session closed with a slight bearish undertone, reflected in the small red candle. However, the proximity to the upper echelons of the Bollinger Bands signals continued strength, albeit with a caveat of potential short-term volatility or consolidation.
Fibonacci Extensions and Retracements:
The price is trading above the crucial 0.236 Fibonacci retracement level at $177.87, reinforcing the uptrend since the swing low at $171. The current price has tested the 0.786 Fibonacci extension level at $182.79, teasing the possibility of a push towards the 1.0 extension in the near term, should the bullish momentum persist.
Technical Indicators Overview:
RSI (Relative Strength Index): The RSI is hovering around 62, suggesting a healthy bullish momentum without immediate signs of overbought conditions. Traders should remain vigilant for any movement approaching the 70 threshold, which could imply an impending retracement.
MACD (Moving Average Convergence Divergence): The MACD line remains above the signal line, albeit the histogram depicts a modest decline in momentum. This is indicative of a potential consolidation phase before any significant price movement.
OBV (On-Balance Volume): The OBV maintains a steady uptrend, reflecting sustained buying pressure and positive volume-weighted price action.
Market Sentiment and News:
With earnings on the horizon in 16 days, sentiment appears cautiously optimistic. Amazon’s innovative strides in cloud computing and retail, coupled with market capitalization stability, play a vital role in influencing investor sentiment.
Volume Analysis:
A notable divergence exists between the recent trading volume and the 30-day average, signaling a potential cooling period or accumulation phase among investors.
Speculative Price Targets:
Should the bulls maintain control, an approach towards the 1.0 Fibonacci extension level is plausible, placing the immediate price target at approximately $187. However, the next earnings report could serve as a critical catalyst, potentially propelling the price towards the $190 mark, contingent on favorable corporate disclosures.
Conversely, any negative developments or market shifts could see AMZN retracing towards the support near the 50-day moving average, with $176 serving as an initial floor.
In conclusion, AMZN presents a bullish technical posture with vigilant eyes set on forthcoming earnings. The convergence of technical indicators suggests a continued uptrend, yet traders should brace for potential volatility spikes as market participants position themselves pre-earnings. The adept trader will monitor both the technicals and the forthcoming earnings report to make an informed decision on the direction of this market behemoth.
AMAZON: Bullish continuation to 210.Amazon is bullish on its 1D timeframe (RSI = 67.557, MACD = 2.990, ADX = 31.700) as it is unfolding a very stable uptrend supported by the 1D MA50. This is the second bullish wave of the Channel Up, that is the dominant long term pattern. The 1D MACD suggests that we are entering the final phase of this wave that is aiming for a HH at +78.73% from the HL. We are bullish (TP = 210.00).
See how our prior idea has worked out:
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Good time to invest in AMZN stocksWeekly AMZN chart looks great, possibly a 55% upside in the next few months. I'll follow it for sure and a great time to invest and stock up on Amazon.
AMZN Short: Expects Ending DiagonalThis analysis is based on the expectation that AMZN's last wave is an ending diagonal.
This analysis will not invalidated if price moved above 187.24 because currently wave 3 is the shorter than wave 1 and thus wave 5 cannot be longer than wave 3 (see green Fibonacci).
AMZN Head&Shoulder Breakup Ready to GOoooo....AMZN is breaking up for a +82% potential gain.
A clear Head and Shoulder (H&S) figure, seen on a weekly chart, shows a possible move from 146$ to 266$.
It should be good to wait to a bit to make sure that the breakup is better engaged. And, that is not case right now.
So, for now, we need just to place one alarm over this situation at 152.00 and another one lower at 137.00, just at the coincidence of the moving averages of 18-21-200 week periods. So, waiting the triggering of one of these alarms would be prudent, before taking action to go Long.
Have good trading time,
WynTrader
AMZNAmazon continues its upward trend. At the resistance level of 162.5, if the price cannot break above 162.5, we may see the price retest the strong support zone 145-149 and if the price can hold above 145, expect further growth opportunities.
>>Thank you and GooD Luck 😊
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Amazon is overbought as price heads into overhead resistanceAmazon weekly chart analysis indicates an overbought condition at significant resistance.
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Past Performance is not an indicator of future results.
AMZNAMZN appears to be in an upward trend, but it is currently experiencing consolidation in the middle of its price range.
AMZN will retest it’s all time high soon..!Anthropic AI is an American artificial intelligence (AI) safety and research company founded in 2 here in Scotts Valley, California! They focus on developing safe and beneficial AI systems. Here's a breakdown of some key points about Anthropic AI:
Mission:
Their primary goal is to ensure that advancements in Artificial Intelligence are directed towards beneficial outcomes for humanity.
Focus:
They conduct research on various aspects of AI safety, including:
Alignment:Ensuring AI systems act in accordance with human values.
Transparency: Understanding how AI systems reach decisions.
Robustness: Mitigating the risks of unintended consequences from AI.
Products:
Their main product is a family of large language models (LLMs) called Claude. Claude is known for its focus on safety principles during development and training. As of March 4, 2024, Claude 3 is the latest version.
Interestingly, Claude 3 has been incorporated into Amazon Web Services' (AWS) cloud-based platform for AI services, known as Bedrock. This allows companies to leverage the capabilities of Claude for their own AI projects.
Funding:
Anthropic AI has attracted significant funding, with over $1.5 billion raised as of July 2023.
*One notable investor is Amazon, which has partnered with Anthropic to offer Claude on its cloud platform.
Team:
Anthropic is led by a team with experience in machine learning, physics, policy, and product development.
The founders include Dario Amodei and Daniela Amodei, who were previously involved in OpenAI, another prominent AI research company.
Overall:
Anthropic AI is a company to watch in the field of artificial intelligence. Their focus on AI safety and the development of large language models like Claude position them as a significant player in shaping the future of AI.
AMZN heads up at $177: likely break but possible "lower high" Amazon is finally catching up to its brethren.
It is currently testing a key level at 177.04/05
IF a correction is near, THIS could be the start.
$ 177.04 - 177.05 tight fib confluence is the key.
$ 170.83 - 171.71 is the first good support below.
$ 187.49 - 188.98 is next major resistance above.
I do think that the bull momentum will continue.
Break and Retest could be a late entry or an add.
Retrace could offer entries at the supports below.
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Amazon's Billion-Dollar: Anthropic Investment Fuels AI Arms RaceAmazon's foray into the realm of artificial intelligence has reached unprecedented heights with its monumental investment in Anthropic, a San Francisco-based startup pioneering generative AI technology. With a staggering $2.75 billion injection, Amazon ( NASDAQ:AMZN ) solidifies its commitment to staying ahead in the AI arms race, marking its largest venture investment to date. This strategic move underscores the escalating competition among tech giants to harness the transformative power of AI and secure their positions in the rapidly evolving technological landscape.
Amazon's Strategic Maneuver:
By doubling down on its investment in Anthropic, Amazon ( NASDAQ:AMZN ) demonstrates its strategic foresight in identifying and capitalizing on emerging technologies with disruptive potential. Anthropic's cutting-edge AI capabilities, including its foundation model and chatbot Claude, position it as a formidable contender in the AI landscape, challenging established players like OpenAI and ChatGPT. Amazon's substantial backing not only enhances Anthropic's resources for research and development but also strengthens its competitive edge in driving advancements in generative AI.
Implications for AI Innovation:
The infusion of billions of dollars into Anthropic reflects the growing significance of AI as a transformative force across industries. With Anthropic's groundbreaking AI models outperforming industry benchmarks and setting new standards for performance and capability, the potential for innovation in areas such as language processing, reasoning, and multimedia analysis is immense. Amazon's strategic collaboration with Anthropic is poised to accelerate the pace of AI innovation and unlock new possibilities for enhancing customer experiences and driving business outcomes.
Tech Giants' Spending Blitz:
Amazon's blockbuster investment in Anthropic is part of a broader trend of heightened investment activity among cloud providers and tech giants in the AI space. As competition intensifies, companies like Microsoft, Google, and Salesforce are also making significant investments in AI startups to bolster their AI capabilities and expand their market reach. This spending blitz underscores the pivotal role of AI in shaping the future of technology and underscores the strategic imperative for companies to stay at the forefront of AI innovation.
Regulatory Scrutiny and Ethical Considerations:
While the surge in AI investments signals a growing appetite for innovation, it also raises important questions regarding regulatory oversight and ethical considerations. Concerns about antitrust issues, revenue reporting practices, and the potential for misleading investors have prompted regulatory scrutiny, including inquiries by the U.S. Federal Trade Commission. As AI continues to reshape industries and societies, stakeholders must navigate complex ethical and regulatory landscapes to ensure responsible and equitable AI development and deployment.
✅AMAZON POTENTIAL SHORT🔥
✅AMAZON will soon retest a key resistance level of 188.92$
So I think that the pair will make a pullback
And go down to retest the demand level below at 174.16$
SHORT🔥
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Amazon Stock: Bulls Charge, Bears RetreatWhen we look at the chart of the Amazon stock, two things stand out: the clear upward trend and the noticeable hidden bullish divergence in the VOLD indicator. The latter indicates that despite significant efforts, the bears are unable to push the price down. In a clear and long-established upward trend, this suggests further rising prices.
The presented trading idea offers a good risk-reward ratio of 1.6:1.
The importance of the Inside bars!An inside bar is a two- candlestick pattern used in technical analysis to identify potential breakouts or reversals in the price of a security.
The first candlestick, called the "mother bar," is any sized candlestick. The second candlestick, called the "inside bar," is entirely contained within the high and low of the mother bar. This means that the inside bar's high is lower than the mother bar's high, and the inside bar's low is higher than the mother bar's low.
There are two main ways to interpret inside bars:
Continuation: An inside bar can signal a continuation of the prevailing trend. For example, if the mother bar is bullish (i.e., a bar with a higher close than open), then an inside bar following the mother bar may signal that the bulls are still in control and that the price is likely to continue rising. Conversely, if the mother bar is bearish (i.e., a bar with a lower close than open), then an inside bar following the mother bar may signal that the bears are still in control and that the price is likely to continue falling.
Reversal: An inside bar can also signal a potential reversal of the prevailing trend. This is because the inside bar suggests that there is indecision or hesitation among traders, which can sometimes lead to a reversal in price direction
Conclusion: Although losing money in the weeks inside bars formed is inevitable, Inside bars are silent before the storm.
Possible Inverse H&SPrice broke above the neckline recenlty with a retest. Earnings this week. Resistance around the 155 to 160 range. Upside target is close to 200. I like long term calls to manage risk.
Amazon in the third waveDear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it.
I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision.
I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily.
I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him.
Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
Mr. Nobody
AMAZON BULLISH BREAKOUT ON CONSOLIDATIONAmazon just confirmed a bullish breakout on the identified minor resistance level created with the consolidation zone. Expecting a move back up towards the previous high created.
Amazon Rally or Crash: Decision Point Approaching!For Amazon, we're currently at a critical juncture with two potential scenarios:
Scenario 1 - Uptrend: This scenario suggests that Amazon has completed a five-wave cycle, finishing Wave I in September 2020, and concluded the corrective phase (Wave II) by December 2022. If this is the case, we're now in Wave III, indicated by a five-wave impulse upwards, comprising a higher Wave (1) followed by a corrective Wave (2). This scenario implies that after hitting a low at $81.43, the stock is in an uptrend. The maximum extension for this uptrend, or red Wave 5, leading to a higher Wave (1), is targeted at $181.
Scenario 2 - Ongoing Correction: Alternatively, it's posited that the overarching Wave II hasn't finished yet, and only a Wave (A) of the correction has been completed so far. Here, we anticipate the formation of Wave (B) shortly, to be followed by a Wave (C). The exact target of Wave (C) would depend on where Wave (B) concludes. For this scenario, the benchmarks for a potential Expanded Flat correction range between $177 (100% extension) and $214 (138% extension). Surpassing these values would negate the scenario of an incomplete Wave II, confirming that we are in Wave III.
The current chart patterns lean more towards the first scenario, indicating an uptrend and the end of Wave II at $81.43. The critical levels are thus set at $181 for confirming the uptrend, and between $177 to $214 for the alternate scenario. Breaking through these levels would clarify which phase Amazon is currently in.
