AMZN Ride the ChannelAmazon has been trading in this bullish channel since Nov and has reversed off the bottom trend line today. HMA crossing bullish. Long here.
AMZ trade ideas
AMZN Under Pressure to Offer a DividendInventory adjustments are underway for $NASDAQ:AMZN. These adjustments are minor as Dark Pools are holding AMZN long-term, but there are other opportunities to boost ROI in younger companies.
AMZN needs to provide a dividend now that it is a Dow 30 stock. The mild rotation is a gentle reminder to the Board of Directors from their most critical and important investors, the Giant Buy Side Institutions. AMZN is the only fortune 500 company on the S&P500 that doesn't provide a dividend YET. The company's CEO is seasoned and aware that the Board must soon offer dividends, as it is no longer merely a "growth" company.
The pressure is increasing to force a dividend by the Giant investors. This should happen this year. There are no buybacks going on right now either. So the lowering of inventory is a warning to get this done. The Buy Side has the clout to influence the Board's decisions. This would benefit all investors big and small.
The support is at the lows of the red box on the chart, as indicated by the gap down white candle that quickly ended the previous selling by smaller funds.
WHEN, not if, AMZN announces a dividend, there is likely to be some brief momentum activity to the upside.
Amazon.com Holds a Key LevelAmazon.com has flirted with new highs for almost two months, and some investors may see an opportunity in its current pullback.
The first pattern on today’s chart is the price zone around $175. It was a low on April 30, immediately before AMZN jumped on strong earnings. The e-commerce stock tested and held the level on Friday, followed by a bullish inside candle on Monday. Is support in place?
Second, the bounce is occurring near the rising 100-day simple moving average. That may reflect a bullish long-term trend.
Third, stochastics have dipped to an oversold condition.
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AmznMost likely they push this up to 195-200 or trend line resistance here..
Hammer candle with volume at 50sma
Looks like a cup and handle to me
Stop loss below 180
weekly view AMZN inverse head and shoulderThis pattern is not easy to see on the daily, so I added a more clear visualization of it on the weekly. H&S are rarely symmetrical and lining up perfectly. What draws me to this chart is more the bottoming stochastic, the prior high volume pump, the aggressive step in from buyers on the formation of the head. Mix this with AMZN and GOOGL being much more undervalued than the rest of the Mag 7 and you have a recipe for an explosion. Election year too.
-210$ is still my price target
Amzn inverse head and shouldersAmazon is printing a massive inverse head and shoulders on the daily chart. Daily is obviously more reliable than lower time frames. The upside projection of this lands right on a key fib level around 210$. I expect this to play out as AMZN is way more undervalued than the other Mag 7 stocks save googl. Amazon also has so many sectors and a massive monopoly style moat.
-210$ in the next quarter imo
AMZN: Sideways Trend & Rectangle Key Points : NASDAQ:AMZN
Sideways Trend
Rectangle Pattern.
Short Term Falling Channel is seen here.
Resistance - 189.43
Support - 173.35
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Amazon Layoff 172 Employees at The Facility Near SeattleAmazon ( NASDAQ:AMZN ) is closing a warehouse in Tukwila, Washington, just south of Seattle, following a layoff of 172 employees at the facility, known as UWA5. Amazon ( NASDAQ:AMZN ) spokesperson Sam Stephenson said employees will be offered opportunities to transfer to other nearby facilities or support if they choose not to stay with Amazon. The company is always evaluating its network to ensure it fits its business needs and improves the experience for employees, customers, partners, and drivers.
Amazon ( NASDAQ:AMZN ) employs 75,000 people in the Seattle region, many of them corporate and tech workers, as part of its workforce of 1.52 million people worldwide. Global headcount rose 4% year-over-year, as of March 31. Amazon's warehouse-related operations have driven the year-over-year growth in headcount. Last month, Amazon ( NASDAQ:AMZN ) announced new records for Prime delivery speeds in the first three months of this year, citing a shift to regional fulfilment centers. Amazon has plans to double the number of its smaller Same-Day Delivery facilities in the coming years. Last year, Amazon laid off 27,000 corporate workers, but warehouse jobs were not affected.
Amazon UpdateFor three weeks now price has been slowly grinding lower in nothing but chop. Is this the initial mini-A-wave of c? That is what it looks like to me as of now. As I have said time and time again, price can take whatever path it wants but ultimately my target boxes almost always get hit. Right now, my target box says price will eventually make it down to the $150's-$160's. I can't say for sure what path it will take or how long it will be, but I can say with confidence this appears to be a corrective pattern and one I am labeling the mini-A wave of micro c. This micro-c should complete the intermediate (A) wave of the larger wave ((2)).
Don't forget corrective patterns can chop until the cows come home and thus can take a very long time. Time wise this mini-A wave, if that is in fact what it is, has already taken longer than the initial a wave. This is partly what makes me think the mini-B wave should be starting very soon if not already. I expect that to raise to the area of the 0.236 @ $185.81 before falling again in C of c of (A) of ((2)). Plan on this larger pattern taking MONTHS to complete.
Amazon _ Inc _ Under _ NasdaqAmazon _ Inc _ Under _ Nasdaq
Next support : $193.31, $194.02
There is lower missing data during Jan, 2024 = from $193.1 , $194.02 it will drop to the level of $160.97 before the below prices.
Unless we get 2 support confirmation and 1 mid retest the likely of drop is high at this moment time.
______________________________
Once the Retest is confirmed we will be expecting the following prices:
$201.98
$204.30
$211.24
$214.26
$215.65
$223.19
$226.35
Amazon bouncing on 50EMA with 4h RSI divergence and OBV signal. - OBV signal daily
- Bouncing on the 50 EMA
- 4 hour RSI divergence.
Taking a shot here and loading more.
What is happening for AmazonHello everyone
I guess AMZN is so similar to another enormous teammates in Nasdaq markets and so it is a correction and then follow the rally.
I know that all of my predictions can be failed but it is not meaning that my work is wrong. You should consider a countertrend strategy for your analysis but as I always say" a tradre should chose his side (bull or bear) and decide about that and just time can disclose what is right and what is wrong.
It is not clear that this channel will be broken out to the lower levels or correction will finish in it and Rally continues. Whatever happens, we wait for the end of correction.
Be safe and happy
SMART MONEY NEVER LIESsimplicity of bullish stocks is that when a low if formed don't go against it. Instead let it work in your favor. more is made that way, that is one of the ways the rich get richer
AMZN Bull FlagAMZN has been in a strong up trend since bottoming with everything else in April. It did retest it's ascending channel and failed which isn't great, but now we have a nice bull flag after several weeks of consolidation.
Cup with handlethe graph is acting through like cup with handle formation. I predict if graphs finish the handle, we must see serious attack from amazon. lets see how it is being end.
AMZN: M-top pattern?A price action below 184.00 supports a bearish trend direction.
Increase short exposure for a break below 183.00.
The target price is set at 174.00 (its 38.2% Fibonacci retracement level).
The stop-loss price is set at 193.00 (the start of the retracement).
It will appear that an M-top pattern is busy developing.
Remains a risky trade.
AMZNPair : AMAZON
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Double Top in Short Time Frame
Fibonacci Level - 261.8%
AMZN heads up at $187.49: last strong resistance before 200This is a follow up to my $177 breakout call (click).
Nearing a significant resistance around $188.
Expecting a pullback but the market is strong.
At the least we should get some sideways action.
$ 187.49 - 188.98 is the immediate resistance of interest.
$ 197.94 - 199.63 is next major resistance and maybe top.
$ 181.95 - 182.39 is first good support that bulls must hold.
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Red Flags on Amazon chartThe Amazon chart is showing several concerning signs. Although Amazon recently reached a new all-time high, this achievement wasn't supported by the daily Relative Strength Index (RSI), indicating a clear divergence on this indicator. This divergence suggests a loss of upside momentum at a critical juncture - namely around the 2021 peak at 188.65.
Additionally, on the daily chart, the market has been unable to breach the top of its daily Bollinger band. Even a retreat back to the lower end of the Bollinger band could lead to a decline towards 172, signaling a notable setback.
At the very least, it's advisable to tighten up stops on long positions.
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AMZN - Day trading, Head & Shoulder pattern, bearing formationAMZN - Day trading, Head & Shoulder pattern, bearing formation for target 183
Amazon boosts investment in Singapore's cloud infrastructureAmazon Web Services (AWS) has announced a robust investment plan, committing 12bn SGD (approximately 8.88bn USD) over the next four years to bolster the cloud infrastructure in Singapore. This initiative marks a significant move by Amazon to solidify its presence in Southeast Asia, a region renowned for its rapidly expanding economies and tech-savvy population of 670 million. This investment underscores the strategic importance of Southeast Asia as a pivotal battleground for tech giants vying for market dominance.
The region's allure for tech corporations extends beyond its large population. It features dynamic economic growth and a business-friendly climate. Analysts anticipate fierce competition among providers of artificial intelligence services, with success likely to hinge on innovation, pricing strategies, and adherence to local regulations.
Analysing the investment implications, let's review the technical analysis for Amazon.com Inc. (NASDAQ: AMZN):
In the Daily (D1) timeframe, the stock has identified resistance at 189.95 USD and support at 176.55 USD. Following a recent correction, the stock has resumed its upward trajectory, indicating potential for reaching new historical highs. Should this trend reverse, the stock could retreat to a lower target of 165.00 USD.
For traders, a continuation of the uptrend with a breakthrough above the resistance level at 189.95 USD offers a potential buying opportunity, with a short-term price target of 200.00 USD. From a medium-term perspective, the price could ascend to 215.00 USD if the upward momentum is sustained.
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Looking for a nice swing call on amazon soon! 🔉Sound on!🔉
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