AMZN looks weakAMZN needs a stronger structure IMO Will watch the over next week More bearish pullback?by IcyAce_0
$AMZN: Down trend could turn aroundLet's examine the facts real quick: down trend in the daily timeframe hit the target, intraday bars show a bullish reversal into the close after that, weekly trend remains potentially bullish over time, monthly down trend ran out of time. I'd wager that this is the bottom of this correction here, seems like a low risk bet. Bet small, use relatively wide stops and see what it does, energy prices that were a huge headwind have come a long way down... Best of luck! Cheers, Ivan Labrie.Longby IvanLabrie6
AMZN bubble pop and TPDH setup BTC hasAMZN same bubble pop and TBDH pattern BTC has right now. 1-2 more false bottoms to goShortby seemslegitt6
AMZN target to $103AMZN price will go to $103 and may bounce back as it hits resistance level.Longby zubi950114
AMZN AnalysisPrice penetrate the bullish POI at 98.09 deeper. On the lower timeframe, it doesn't seem that price has the strength to push higher from here. I'm expecting price to continue lower, following the bearish order flow.Shortby Keeleytwj8810
Solid Level for AMZNI have been stalking NASDAQ:AMZN share prices for months now watching as it retraced from the All Time High down to a full 50% Retracement from the All Time Low. This is a pretty epic pullback level that took decades to create. The 6 month downtrend from 146 > 81 created its own 50% Retracement at 114 as Resistance. February earnings popped to this level and confirmed it. As the January bull run fades AMZN comes back again to test the broader level. Even as we drill lower to the intraday timeframe we can see the 50% Retracements begin to setup. The volatility around today's FOMC minutes shows respect for the level. This sets up a low risk opportunity to play the decadal Support. Editors' picksLongby norok2626629
BearishThe rally looks weak with a clear sign of market manipulation. The rally was not an authentic move. Compare it to the closing candle of the day before and it confirms even more signs of manipulation. There is selling pressure with large upper wicks and the major trend is down. This seems like a good entry. To be objective, my only concern about this entry is that I don't generally like to open positions during lunch time hours, but this does seem like a trade I would take. Look for support around 94.50'ish. Remember this is strictly an opinion. There is no such thing as a 100% for sure guarantee thing in the market. Always do your own evaluation. This is not financial advice. Shortby xode112
AMZN, quarterlyAmazon issued a weaker-than-expected forecast for 2023Q1. In January, Amazon began layoffs to the tune of 18,000 jobs—a sizable cost cut that will likely pump up net revenue for the next few reports and give shareholders a warm feeling. After Prime Video’s disastrous performance and insane production costs, the salary reduction is much needed to keep Amazon agile. Expenses have become a primary target for Amazon’s “lean clean” phase, which will balance out the pandemic period’s excessive hiring. Product sales are lower than expected in 2023, and the stock charts don’t show it yet. Whatever or whoever is fueling the AMZN rise won’t last long without support, but Amazon isn’t cooking anything that will give investors high hopes in the coming months, so don’t be surprised if AMZN has a reversal right after media channels are waving bullish flags.by Exness_Official1
Amazon Weekly AnalysisAmazon rejected Key trendline multiple times. For price to move upside and break key trendline price should retest at $90-82 zone to make double bottom with Bullish divergence (RSI forming HL). Shortby tradinghill_13
AMAZON- WEEKLY ANALYSIS Amazon will require all office staff to work in-person at least three days a week, ending a policy that left remote work decisions up to team directors.Shortby Shane-investment0
AMZN (Amazon)- looks bad in a short time, unknown for the restIf in the next three trading dates (21 -23 Feb) does not close above the neck line, I predict AMZN will continue to correct and build up its momentum. by InvestmentLoser0
AMAZON Stock Chart Fibonacci Analysis 021823Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 99/61.80% by fibonacci61800
AMZN Still DumpingAfter this huge TrendLine rejection on the 4H chart, I am only looking for short. We then have a good break of trendline with retest and forming a reversal cup pattern for more unwind. On a fail of $95.0 level, we should see the price going lower to around $87.0 level. This $87.0 level can be for me the level used for a trend shift for long, with as confirmation a daily trendline break. Great Trade !Shortby ArnoSG1
AMZN keeping the downtrendThis is the third time price breaks Ichimoku clod, touch the downtrend line with the WTO at the high that follows a fall until the WTO is at the bottom. Part of the movement is gone but I think there is more path to follow. Stop at the trendline, target at 80.22 Shortby Trade_Bang2
Double Top Pattern in AMZN Price reaches all time high (ATH) at the moment with some volume, breaking MA50 and MA200 afterwardsShortby RAD2003_DRV0
head and shoulder forming on $amznWe've been forming a head and shoulders pattern on Amazon since early January. Weakness below $95 suggests a downward trend to $85.by SarahTiara555
Amazon Priced In SilverCan Amazon (priced in silver) fall over 94%, AGAIN? #fintwit #recession #inflation #amzn #silver #nasdaqShortby Badcharts2210
Amazon Daily "Heat Map" ChartAmazon just looks TERRIBLE... Lost for words. #amzn #amazon $arkk #nasdaqShortby Badcharts6
Testing Rejected Price has been rejected of the broken support strong now resistance. Too much resistance above, I don't think this one is coming back.Shortby ArturoL222
AMZN AnalysisPrice played out nicely according to my analysis last week. Price dropped and mitigated the bullish POI at 98.09, and is currently reacting to it. The target for this bullish retracement is potentially the fair value gap at 114.00 where price will fill and drop from.Longby Keeleytwj3
Amazon -> Bullish Scenario Playing OutHello Traders, welcome to this free and educational multi-timeframe technical analysis . From a weekly perspective Amazon recently tested a quite obvious previous weekly support area from which we started a quite nice rally towards the upside. Considering the fact that Amazon also broke above a key weekly downtrend-line, I think that we have some more overall upside potential. From a daily timeframe we are currently retesting previous resistance which is now turned strong support, so if we see some more bullish confirmation inside of this zone, there is a high chance that we will actually see the continuation towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset: Long02:14by basictradingtv363646
Amazon - Feb - Daily AnalysisBasing Candle with closing below the previous trend line which indicates - Short position. However we need to wait & watch for the next candle for DBR or DBD. Reasons to Go Short: 1. MACD cross over is awaiting. 2. Super trend indicates short 3. Candle closing below the previous break out line 4. Weak Demand zones 5. If 13-Feb closes below 97, then Drop based Drop is confirmed else next candle should be strong green to consider it as a drop based Rally. Strong supply Area Its tested once with 1:4 risk reward ratio from 114 to 97 Weak Demand Area Might give 1:1, if this level breaks our then the target is 83. by sam669999999999221