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AMZN trade ideas

Base before liftoffPrice on NASDAQ:AMZN has created a base at this $144-$147 area which is also our neckline for our daily/weekly inverted Head and Shoulders. All previous touches to this area (Left shoulder, head) have resulted in an immediate sell off showing this to be a strong resistance and previous support during 20'-22' covid era. Bias: Long Why: Consolidation on the end of the right shoulder of a HTF Inverted H/S. I speculate that this could be the bottom for 2024 and possibly reach ATH in the long term. In the short term we can see a clear rising wedge with a close buy signal on the MACD and RSI at its mid base, giving us room to move higher. Break of structure of this wedge and i predict we see $150-$152 in the next 2 weeks. Thoughts? Pure speculation. Trade responsibly.
NASDAQ:AMZNLong
by ThornhillHQ
Amazon TA -Swing Idea - Going up?hey guys its amir whats up? so NASDAQ:AMZN first of all its not a secret that amazon its an absolute monster company, one of the strongest of them all. So lets analyze: - Amazon just touched a support trendline since 2018 acts as support and got bounced (also daily time frame closed hammer candlestick, ill see later how I upload to this idea more updates in different time frames) - price touched fib 0.328 which perfectly sits on the trendline and bounced from there. - 50 MA getting a bullish shape (not strong yet but still attempting to go bullish) and 200 ma shows a fight between bulls and bears but still the bulls are dominating. - we see that we are getting buying pressure (bottom indicator marked by arrows and circles) - I see that the volume in the about 6 months is actually very controlled and stable which is pretty good I mean you dont want huge spikes and flip flops keep it stable all the way the better. Since April 22 you can see in the volume that the bears were in control, watch at all the red bars and watch the drop of the stock in that area. and for the last few months they just fade away in a stable way. // so to summerize, I do think that AMZN have great stracture, and they have more room to push forward in the coming weeks/months. maybe to get inside the trade right now its a bit early because needed some more confirmations, but I probably will enter now because I can set my stop loss very close and if its will reach than not a big deal just cut it, and if I'll have more confirmations soon i will add more to the position. The main TP points are : 147.73, 163.50, 177.76 for me great risk reward trade. let me know what you think guys <3
NASDAQ:AMZNLong
by amirhemo
Five Wave Up!!The fifth wave is expanding??Greetings, dear friends. I hope you are having a productive week. I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further. I want to share my market analysis ideas based on the Elliott Wave Principle with you. I am a fan of this principle and follow all the rules and guidelines for analyzing the market. However, please note that my ideas are based on my personal experience and may change over time. If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes. It's important to understand that making an error in analysis is not a fault, but evading responsibility is. No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get. We analyze from multiple perspectives to consider all possibilities. Let's mention a few opinions and ideas! Based on mathematics. I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future. Thank you for your continued support, and I look forward to our mutual success. Best regards, Mr. Nobody Keep trying and never give up. Good luck!
NASDAQ:AMZNLong
by mehdi47abbasi79
Why we are selling AMZN at 148The market's bull run is set to end based on the indications for seeing on the S&P. AMZN is one of those stocks that have been quite bullish and a correction is on the card at the 150 mark. The technical indicators are: 1) Daily chart is overbought 2) H4 is overbought and lot of divergence present 3) The upward trend line has been violated which has been intact since October 23, 2023 4) There is a shark pattern in play This will need to be held for 3-4 weeks until it hits close to 132 or there is a buy pattern. Good luck to you and may the pips be with us.
NASDAQ:AMZNShort
by JD_TeenTrader
2
#AMZN# Amazon currently holds a 'B' rating (63.49%) and has shown strong performance over the past 12 months with a return of 23.35%. This outperforms the S&P 500 by 37.4 percentage points, which has a return of -14.05%. Financially, Amazon exhibits strong indicators including earnings per share (EPS) of 53.6744, net profit per share of 1.9452, operating cash flow per share of 6.9418, and free cash flow per share of 1.6393. Notable data includes cash per share of $6.2167, book value per share of $17.7265, tangible book value per share of $15.5225, shareholder equity per share of $17.7265, and interest-bearing debt per share of $13.4218. Recent news highlights a 71% increase in Amazon's stock price this year, bouncing back from a 50% drop in 2022. Q3 financial results exceeded most analysts' expectations, with revenues reaching $143 billion, a 13% year-over-year increase. Despite AWS revenue falling short of expectations, Amazon's dominance in burgeoning sectors like e-commerce and cloud computing makes it an attractive investment. The current price-to-sales ratio is below the 10-year average, indicating a recovering real estate market. Additionally, Amazon has established a strategic partnership with Moderna Automotive Group, starting online car sales from 2024. Customers can buy cars through Amazon's platform and choose local dealer delivery or pickup. This partnership positions Amazon as Moderna's digital transformation partner, leveraging AWS cloud services, and introduces in-car Alexa by 2025. The deal bolsters Amazon's dominance in AWS cloud computing and creates new potential revenue streams. Technically, Amazon has re-entered an upward channel, with daily RSI and CCI indicators showing no oversold signals. This suggests market expectations of a price increase. Strong support is evident at the S1 level, indicating a short-term target (T1) for a quick test at $160. In summary, Amazon's future prospects seem bright, and it is recommended for mid-term investment portfolios. Entry price: $135-150 T3: $196 T2: $170 S1: $140 S2: $134 S3: $125
NASDAQ:AMZNLong
by TradingMaestro9