AMZN to the downside!I caught this entry in AMZN making a lower high, getting a confluence between 0.618 fibonacci level and daily pivot point resistance. My tarea profit will be on the nearest low.
1AMZN trade ideas
AMZN to the downsideI caught this AMZN entry making a lower high, got this with a confluence of fibonacci level 0.705 and daily pivot point resistance. My take profit level is on the nearest lower low.
AMZN: Buy ideaOn AMZN as you see on the chart we have the breakout with force the vwap indicator by a big green candle with a large green volume so it's mean that we will have a big probability to have an uptrend.Thanks!
Amazon ,,, Correction possibility This very long bearish candle with considerable volume trade can be a sign for a correction.
I closed it and waiting for forming a correction wave and another entry.
AMZN AnalysisPrice playing out nicely as analyzed last week, giving us a 9.12% move before the bearish candle yesterday. If price were to continue higher, the next target for this bearish retracement is the bullish POI at 118.60. If price decides to go lower, we could see price potentially targeting the sell-side liquidity at 104.78 created in late April 2023.
Amazon Up 47% This Year Already!Amazon is once again proving its innovative prowess by negotiating with key players like Verizon, T-Mobile, Dish Network, and AT&T to offer budget-friendly or free mobile services to its U.S Prime subscribers. This groundbreaking step could transform the telecom sector and strengthen Amazon's position by merging e-commerce and telecom.
Bundling wireless plans and a Paramount+ subscription into Prime, Amazon is poised to significantly boost its market status.
The company's stock has already skyrocketed 47% this year, with a 14% hike in May alone. A few potential roadblocks include the weekly 200 simple moving average at $132 and resistance at $144. Yet Amazon's consistent growth pattern suggests minimal impact.
Despite a 55% pullback between 2021 and 2022, Amazon is likely to bounce back and may even outperform its past peak.
With a successful telecom endeavor, shareholders could see stocks surge past $188 and potentially break the $200 resistance. This venture not only bodes well for investors but could also reinvent the e-commerce landscape by providing unparalleled integrated services.
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Angles of Amazon, Inc. (AMZN)1. Use the 5/24/2022 — 8/16/2022 range to inscribe 90° and 45° offset lines.
2. Use the 11/25/2022 and 2/16/2023 corners of the box and the 10/6/2022 midpoint to forecast turning points.
AMZN-1H-BEARISH REVERSALAmazon is making a bearish reversal with the support of a bearish rising wedge, there is also a falling volume indication also showing the potential bearish move in the future, Bearish diversion is also there on the rsi index
price was jumped before the launch of Vision Pro, this might be a fake pump due to news of the launching a new gadget
AMZN ready for drop of 20%AMZN is ready for a major drop. Friday it formed a bearish reversal candle shooting star. The last two trading day was on a lower volume than 20 days average volume which is bearish.
RSI has huge negative bearish divergences and is pointing to a drop.
MACD also formed bearish divergences.
Everything is pointing there is no more energy for the continuation of the move.
Drop is likely towards the area of support where is a horizontal supports level, 50 and 200 days MA which will definitely act as support.
LONG. AMAZONlong Amazon AT : 83
TP1 : 104.80
TP2 :114
SL : CLOSE BELOW 76
NOTE : 🚨 Not financial advice 🚨
The content provided on this channel is not a manual for any financial activity.
It's only represents my personal market and financial view.
Once TP1 reached stop should be moved to BE .
$AMZN weekly Fibonacci NASDAQ:AMZN weekly chart pierced the 618 fib level and pulled back. Still in uptrend support at the green dotted line.
AMZN, 12d+/-14.9%falling cycle -14.9% more than 12 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
AMZN: Buy ideaBuy idea on AMZN as you see on the chart because we have the breakout of vwap and the resistance.Thanks!
Amazon at the channel mid lineThis chart shows a sideways parallel channel that can be drawn as a long term correction to the bull market of Amazon indicated by the diagonal channel. Mid lines sometimes act as significant lines of support and resistance so a reversal of the recent up trend would be logical at this point.
AMZN 45min trade- short position On the chart we can see a bullish trend, however Relative Strength index shows potential bearish divergence. We would enter a short position once the price reaches the upsloping line.
Stop loss: 127.52 USD
Target: 118.52 USD
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Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
$AMZN Down Trend Begins NASDAQ:AMZN The first time #amazon 20 month moving average is crossing below the 50 month moving average. This is could be the beginning of a new down trend. Also in a bear flag.
AMZN Magic ZonesFor longer duration holding periods, taking profits in the $120 range seems appropriate. Buying as close to the yellow zone $85-$90 would be the most ideal.
MyMI Options Play - AMZN CallsAMZN has recently broken it's current downtrend channel as identified but has also broken above and found closure/support above the 50% retracement from the $180 ATHs that it saw back in Nov. 2021.
I haven't purchased my long-term opts on this yet to see if a reversal in the current market push due to NVDA and other AI-Based movements that are holding up the markets. I expect some retracement at some point and potentially back to $114. From there I will look at the support we find back at that 50% retracement level ($114) and look for a long-term hold to back to the $140-$145s (if not higher).
Amazon positive momentumTraded and closed above AVWAP resistance at $121. Has pulled back to test support of AVWAP, check reaction off this level. Next target (white line) 200 week moving average and after that next AVWAP resistance around $135.
Positive momentum on the MACD and RSI
