4AMZN trade ideas
AMAZON --- is down over 40%! 2031 Till next ATH?The drawdown visualisation is a great tool to determine the characteristic of previous and current market conditions in whatever asset you are looking it.
Here I have drawn up AMZN priced in CPI index units rather than notional US Dollar's.
For what purpose do people allocate money to equities... but to grow a nest-egg for the your future.
But timing is everything
And we can see that AMZN is currently down over 40% priced against goods/services/expenditures
Effectively you have gotten 40% poorer
(assuming 100% allocation at the top... unlikely I know ,,, but for illustrative purposes still useful to know. ..
And the point is how during a bull market, the price doesn't deviate away from the high that much. in 2022 we have already been down 60% are we facing a price reset for risk and stalling market for the rest of the decade. It has happened many times before, so we have to assume the old adage History Rhyming.
Wyckoff Distribution EventsAfter the SOW (sign of weakness) the Wyckoff Distribution Events goes in its last phase.
LPSY—last point of supply.
After testing support on a SOW, a feeble rally on narrow spread shows that the market is having considerable difficulty advancing. This inability to rally may be due to weak demand, substantial supply or both. LPSYs represent exhaustion of demand and the last waves of large operators’ distribution before markdown begins in earnest.
GAP OVERHEADPrice fell from the bearish rising wedge a while back.
Earnings toward end of October.
Structure that is wedge shape and is forming up, which is against the most current trend which was down.
Flags and pennants are neutral until broken and can break up or down.
Gap overhead.
No recommendation
AMZN BREAKOUT ON THE CHANNELAMZN confirms a bearish breakout on the bullish channel formed. Here we see the price respected the major resistance and followed up a bearish sentiment which has caused the price to show up a breakout on the structure formed. We expect a decent price decline back towards the daily support created on the bottom.
AMZN AnalysisPrice played out nicely from my last analysis, giving us a 10.51% move to the downside, taking all the objectives. Right now, I'm expecting a continuation lower into the bullish OB at 118.60. Price could make a bullish retracement to fill the FVG above if it's unable to break the lows at 123.04, before going lower.
AMAZON Will easily overcome this. Buy now, low prices won't lastAmazon / AMZN has paused the aggressive rally since the start of the year and is testing the 1week MA100 as Support.
Being around the 0.618 Fibonacci level, a similar pattern where the 1week MA100 was supporting, emerged in 2007 and 2009.
You can see that it is the same sharp recovery formation, which after an aggressive rise, it accumulated on the 1week MA100 and then blasted through to the 1.382 Fibonacci extension.
It may not look like it but this price level is a buy opportunity that we might not see again any time soon. The 1.382 Fib is at $260. Late 2024 target perhaps?
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AMAZONIt's quite interesting because there's a gap that hasn't been recharged yet!!! In theory, it should recharge, but I don't think it will happen now; we will go down first, and then the recharge might come later. So, be cautious with the entry. Those with less money should wait for the recharge and only then get in."
Amazon to see a selloff?Amazon - 30d expiry - We look to Sell a break of 123.86 (stop at 129.66)
Short term bias has turned negative.
Short term momentum is bearish.
The trend of higher intraday lows has also been broken.
125.92 has been pivotal.
Our bespoke support of 126.00 has been clearly broken.
A break of the recent low at 124.13 should result in a further move lower.
Our profit targets will be 109.86 and 106.86
Resistance: 127.00 / 132.24 / 135.00
Support: 124.13 / 120.00 / 114.00
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Amazon is an opportunity to buyHello traders. There is a great investment opportunity in Amazon shares. With a downtrend break. And break the ascending triangle pattern. Likewise, breaking the resistance at level 104. These are all factors confirming the strong entry of buyers into this giant stock .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
AMZN Stock Analysis: 4 Reasons to Doubt the Bullish OutlookAfter the Fed signaled last week that rates may be higher for longer than expected, the US stock market has received a strong bearish boost. And among the most vulnerable assets were technology stocks (considered risky). The NASDAQ index has already fallen by about 6% since last Wednesday (when the FOMC meeting took place). And the negative backdrop from the Fed is one of the 4 issues that give reason to doubt the bullish outlook for AMZN stock.
The second reason is that AMZN has fallen 9% in value since last Wednesday. That is, AMZN is falling faster than the overall market. And this problem is not new. Compare the dynamics of the index and Amazon shares on a weekly timeframe and you will see that the shares have been performing weaker than the index since the summer of 2020. That is, the leadership status that was held for many years has been lost.
The third reason is that yesterday, it became known that the Federal Trade Commission and 17 states sued Amazon, claiming that its online commerce policies illegally stifle competition. The litigation could put further pressure on the stock price.
The fourth reason is volume analysis. The last two spikes in large volumes of trading in AMZN shares on the NASDAQ exchange were recorded on August 4 and September 15. After the first surge, the price stopped growing as part of a bullish trend that has lasted since the beginning of 2023. After the second, it began to decline. Perhaps large players took profits from the rally and reversed positions in anticipation of lower prices?
It is also worth noting that the 2023 rally did not reach the level of 50% of the A→B decline, so the level of USD 126 per share of AMZN (providing support in July) may be broken against the backdrop of these problems, opening the way to the psychological mark of 100 USD per share.
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$AMZN Can it Break Thru This Area of Resistance?NASDAQ:AMZN I am looking / waiting for Amazon to break above this area of resistance before I get involved. If we get an improving market ( I don't know if we will) then I expect Amazon can head back to recent highs.
I have an alert set on that line and if / when it breaks thru I'll start looking at a lower timeframe to determine a good entry and stop area.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.