Bull put spread on AMZN for OctoberI got 9 check marks on this one.
.65 limit credit on the 120/115 bull put spread.
This is regular october expiration.
I love it
AMZN trade ideas
AMAZON Buy signal with a Double Target.Amazon Inc (AMZN) is trading within a Rising Wedge pattern and last week made the new Higher Low on its bottom. At the same time it hit the 1D MA50 (blue trend-line) and technically it is staging the new bullish leg.
With the 1D MACD about to form a Bullish Cross, we get a buy signal similar to May 09. As a result we are initially targeting 156.50 (+20.25%) and 164.00 (+26.15%) in extension.
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Long AmazonLong Amazon here just broke out of 1h range and diagonal targeting highs im wrong if it breaks back into 1h range in which case i but at range lows.
$AMZN Setting UpNASDAQ:AMZN looks interesting pulling back after its earning gap up.
* Earning gap up on volume
* pullback to 50 MA
* Closing the gap on much lower volume
* Stabilizing and turning back up
PART 2 SPY QQQ + 7 Mega cap TECH stocks ForecastPART 1 SPY QQQ + 7 Mega cap TECH stocks Forecast Technical analysis
Amazon stock has been breaking through all the way upAmazon stock has been breaking through all the way up
This figure shows the weekly candle chart of Amazon stock for the past three years. The top to bottom golden section of July 2021 is superimposed in the figure. As shown in the figure, Amazon stock has been breaking through all the way up since the end of January this year and completing the top to bottom shoulder positions in mid March. It has now reached the top to bottom golden section above 1.000, very close to 0.809, but has not reached the high point of the short start position in mid August 2022! So, in the future, we will use this high point and the 1.000 level of the top to bottom golden section in the graph as the long short range, with high selling and low buying within the range, and chasing up and selling out of the range!
AMZN Daily3.21 % of SPX
Broke above weekly ichy cloud on 7/3.
RSI(12) weekly at 63.94 shows signs of topping.
above daily ichy cloud
rising 50 day ema rising faster than 200 day ema
accum.distr trend is declining
My take: currently it is running in a solid channel. As long as that channel doesn't break, it is a good dip buy long. RSI(9) on daily showing some decline, but there is a good floor underneath the RSI, which tells me this stock still has some good momentum. a Gann line at 127.29 would be an area to look.
AMZN LONG (Longterm Markup)I have been looking at AMZN for a while. I love how it's moving. Based on my markup I see AMZN reaching new highs in the next 2-5 years. As you can se the push down was to create more momentum to the upside. I will continue to update this markup.
Let me know what you all think! Like always I'm open to hearing other thoughts.
Apple leads, the rest will follow.Looking to pick up some zon at the 618 retrace, would make a sick looking head and shoulder if that is the reversal. Seems to me like a logical place to go long.
Rising WedgeEarnings today AMC.
Possible RSI Divergence.
Price is traveling in a Rising Wedge that is not valid until the bottom line is broken and it has not been broken as of yet.
I have noted that rising wedges which are bearish in the end, can be especially ominous at earnings.
It is possible for price to break up from a rising wedge and as the 2 upsloping lines converge at the apex, price can get squeezed to the upside. More often price is squeezed to the downside at the apex.
Price can stay above a Rising Wedge or inside a RW for a long time. Many oil stocks have been over rising wedges for over a year.
The issue with this phenomena is that when price comes down and hits the RWs beneath price, there is a large sell off due to the oversupply within the wedge.
No recommendation.
Don't be a hero.
Bullish Idea on BounceAMZN has a nice looking setup. I like the way the stock is up-trending and the moving averages are supporting it. I am looking for a bounce off the Daily 10 EMA for entry.
The only con if there is one is that I generally don't like trading during these hours when the algos are taking over and would much prefer to trade closer to 2. The market is flowing today so another concern is I don't want the stock to get exhausted and turn on me, so I'm being extra careful. But with everything set aside, this is a setup I like.
R1 - 137
R2 - 138
R3 - 140
Remember friends, this is just an idea that is not guaranteed to play out and is in no way financial advice.
Happy Trading!
AMZN ready for liftoff to $150This is based on my dowsing. I am expecting temporary lows in indexes into tomorrow and i have today and tomorrow as trade entries long AMZN.
The target is the $150 zone. It shouldn't break today's lod.
Date of the next swing high is 8/24 (or could be the 25th as that's the next high given for indexes). Dates and price alignment are not the most reliable yet. But, that's why I'm practicing them so we can buy the right expiry of options. Goals!
Regardless, $150 should get hit.
AMZNDuring the correction, bull markers have been observed in Amazon, ahead of the wide market. Movement in the channel.
SL 134
TP1 142 TP2 152
$AMZN fighting for 200 MA on the weekly NASDAQ:AMZN is fighting for the 200 MA on the weekly timeframe... if this is the top, and it loses this MA, then I'd be looking to around 119 for entry... based on 5 year volatility
Amazon Closes weekly below key support Amzn now below 50DMA
Next Supp 130
But watch also for 124 and 120 150DMA and 200DMA
#AMZN Potential Entry Levels For a $150 TestIn this update we review the recent price action in Amazon and identify the next high probability trading opportunities and price objectives to target
•Past performance not indicative of future results
