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AMZN trade ideas

Amazon Prepares for Strong Holiday Season GainsAmazon has recently reached new all-time highs, signaling robust performance fueled by strong consumer demand as we approach the holiday season. The stock has traded above the critical $200 level, demonstrating strong momentum that positions it well to capitalize on winter sales activity. However, valuation concerns linger due to its high-profile status alongside companies like Apple, which could temper enthusiasm in the broader market context. - Key Actionable Insights: Investors should monitor Amazon's ability to maintain its upward trajectory, particularly as it approaches resistance levels around $230-$250. With the upcoming holiday sales expected to boost revenues, now is a critical time to evaluate entry points. Set alerts for price movements surrounding these key levels and consider taking action if favorable trends continue. - Sentiment Analysis: The current sentiment for Amazon stands at 45.95, reflecting a 3.69-point increase from last week's sentiment of 42.26. With total mentions across sources at 22, this positive shift suggests a growing bullish perspective among analysts and traders, indicating potential investor confidence in Amazon's performance. - Summary of Expert Opinions: Experts remain optimistic about Amazon's outlook, particularly given the recent partnership with AWS and Anthropics to strengthen its AI capabilities. Analysts cite the company's strong position for holiday season sales and a projected price target boost to around $230, signifying that the stock could continue to thrive even amid broader market volatility. - Technical Levels: Based on the wisdom of all professional traders, immediate target levels for Amazon are set at $220 (target 1) and $250 (target 2), with recommended stops at $205 (stop 1) and $200 (stop 2). Longer-term ambitions include a target of $250, expected within the next few weeks as the holiday shopping season ramps up. - Notable News: Recent headlines highlight Amazon's expected strong performance during the holiday season, alongside Jeff Bezos's substantial stock sale, which has raised some eyebrows regarding insider confidence. Additionally, the integration of advanced AI strategies positions Amazon as a competitive player in the tech space, further solidifying its market viability going forward.
NASDAQ:AMZNLong
by CrowdWisdomTrading
AMZN Poised for Breakout or Pullback? Key Levels to Watch!Analysis: Channel Trend: AMZN has been trading within an ascending channel, showing a consistent upward trend over the past week. The price recently tested the upper trendline of the channel, indicating strong bullish momentum but also a potential point of exhaustion. Volume Analysis: Volume has been decreasing slightly during the most recent rally, suggesting possible weakening buying pressure. Watch for a volume spike as confirmation of a breakout or potential reversal. Moving Averages: The 9 EMA and 21 EMA are providing dynamic support, with the price currently trading above both. This indicates strong short-term bullish sentiment. However, a break below these EMAs could signal a potential pullback. Key Support and Resistance Levels: Immediate Resistance: $212.25 (Recent high and upper channel boundary) Support Levels: First Support: $204.41 (previous breakout level) Second Support: $200.43 (psychological and strong support zone) Critical Support: $197.57 (breakdown level below which the bearish sentiment could accelerate) MACD Analysis: MACD is currently bullish, but the lines are converging, hinting at potential momentum loss. A bearish crossover could indicate a pullback or consolidation phase. Price Action Expectation: Bullish Scenario: If AMZN breaks above $212.25 with increased volume, it could test the next psychological level of $215. Monitor the breakout and watch for a retest of the upper channel as confirmation. Bearish Scenario: Failure to hold above $204.41 could lead to a pullback towards $200.43, where buyers may step in. A break below $197.57 could shift the momentum to the downside. Conclusion: Given the broader market rally over the last two days, AMZN may continue its upward momentum. However, traders should watch for potential resistance at the upper trendline and be prepared for a possible pullback, especially if volume does not support the current rally. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please perform your own research or consult with a financial advisor before making trading decisions.
NASDAQ:AMZN
by BullBear-Insights
AMZN Today Nov. 7, 2024Price Action & Trend: Amazon is following an ascending channel pattern with a series of higher highs and higher lows, suggesting a strong uptrend. The price is near the top of the channel, indicating potential resistance. If it breaks above this channel on high volume, it may continue the bullish momentum. Otherwise, it could face selling pressure and move back down toward the lower trendline. Key Levels: Resistance: Around $208. This level is just under the top of the channel, so it may act as a strong resistance zone. A breakout above $208 with solid volume could indicate further upside potential. Support: Around $200 - This is the first support level within the channel and a potential area where buyers might step in on a pullback. Lower Support Zone: Around $197 and $194 - These levels serve as additional support in case of a deeper pullback. Volume & Momentum: Volume seems to increase on upward moves, supporting the bullish trend. However, it’s crucial to monitor for potential volume decline if AMZN tests the resistance. MACD shows potential overbought conditions, indicating a chance for a pullback or consolidation. Watch for a bearish divergence if momentum weakens near the channel top. Potential Scenarios: Bullish: If Amazon breaks above $208 with significant volume, it may continue to rise. Intraday traders could consider entering on a confirmed breakout, targeting further upside within the channel's extension. Bearish: If AMZN is rejected at the $208 resistance, it could drop to the $200 level or lower support zones, presenting potential shorting opportunities on rejections at resistance or a breakdown below $200. Disclaimer This analysis is for informational purposes only and is not financial advice. Always do your own research or consult a financial professional before making trading decisions. Trading involves risks, and past performance is not indicative of future results.
NASDAQ:AMZN
by BullBear-Insights
Amazon (AMZN) - Potential H&S Reversal, Watch for BreakdownOverview: Amazon (NASDAQ: AMZN) appears to be forming a Head and Shoulders pattern, which is often a bearish reversal indicator. The left shoulder, head, and right shoulder are clearly defined, with the neckline situated near the $180-$176 zone. If the price breaks below this area, it could signal a larger move downward. Technical Setup: Pattern: Head and Shoulders Neckline Support: ~$180 - $176 (critical support area) Trendline: Red ascending trendline, currently serving as additional support Target Zone: Potential drop toward $168 or lower if the pattern confirms Price Action: The recent pullback from the right shoulder aligns with the overall pattern, and a daily close below $176 could confirm the reversal. Watch for a bounce off the neckline for a potential short-term trade; otherwise, a breakdown could lead to a deeper correction. Risk Management: A sustained move above the right shoulder (~$190) would invalidate the bearish setup and suggest a continuation of the uptrend. Catalysts: Upcoming earnings and market sentiment around consumer spending could influence the stock’s direction, potentially acting as a catalyst for the breakdown or reversal.
NASDAQ:AMZNShort
by Killahherb
1
AMZN Technical Analysis on October 29, 2024:Key Levels Resistance: 190.45 - 191.52: Major resistance range where AMZN previously faced selling pressure. Breaking above this could signal bullish momentum. 188.34 - 188.26: Short-term resistance zone. A break above this level may open the path to retest higher resistance levels. Support: 187.49 - 187.83: Key support zone. If AMZN holds this range, it could provide a bounce opportunity. 184.71 - 183.69: Strong support levels; a break below here could signal further downside risk. 180.93 - 182.00: Major support zone; likely to attract buyers if the price retraces to this level. Entry/Exit Points Scalping: Entry: Consider entering near 187.83 if AMZN shows buying interest with a potential target around 188.34. Exit: Exit scalps before reaching resistance zones at 188.34 or on signs of reversal near 190.45. Swing Trading: Entry: Watch for a pullback to 184.71 for a potential swing entry if the price consolidates around this level. Exit: Consider exiting near 190.45 if bullish momentum supports a continued rally. Directional Suggestion Bullish Bias: If AMZN can maintain above 187.83 and break through 188.34, with a potential target at 190.45. Bearish Bias: If AMZN fails to hold above 183.69, it may signal a possible move down towards 182.00. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consider consulting a financial advisor before trading.
NASDAQ:AMZN
by BullBear-Insights
Amazon headed to supply zone on earningsAmazon is now my largest position in the long term portfolio. I have been adding heavily after that market dip a while back. The stock is forming a new momentum trend line and reaches for the supply zone that started the downfall. This is partially because Bezos has been selling at 200$. I search for a contraction leading into the supply box on this rising trend. Earnings could surprise hugely since their operating cash flow is expanding. All they need to do is decide to pay some taxes and lock some earnings in.
NASDAQ:AMZNLong
by Apollo_21mil
Stop Losses: Protecting Your Trades and Building Consistency Stop losses are a critical tool for any trader aiming to manage risk and protect capital. A stop loss is a preset level at which a trade will automatically close to prevent further losses if the price moves against you. This approach is one of the most effective ways to protect your account, and understanding how to set and use stop losses correctly can help you trade more confidently. In this article, I will discuss why stop losses are essential, the types of stop losses available, and how they link to other core strategies like position sizing and maintaining consistency. Why Every Trader Needs a Stop Loss The primary role of a stop loss is to limit potential losses on a trade. By setting a stop loss level, you define your risk before entering the trade, which helps ensure that no single trade can damage your account significantly. This practice is fundamental to disciplined trading, where managing risk is just as important as aiming for profits. When you use stop losses, you’re able to protect your account without relying on emotions or making quick decisions based on fear or market volatility . Using stop losses also promotes consistency, as it allows traders to follow their strategy and avoid unexpected, large losses. Knowing your risk upfront means you can execute your trades with a clear plan, focusing on opportunities rather than worrying about sudden market moves. This consistency is key to achieving long-term success in trading 🚀. The Types of Stop Losses Every Trader Should Know There are different types of stop losses, each suited to particular trading strategies and market conditions. Here are some of the most common types and how they work: Fixed Dollar or Percentage Stop Loss This is the simplest type, where you set a specific dollar amount or percentage of your capital as the maximum loss. Example: If you’re willing to lose $100 on a trade, you place a stop loss that will close your position if the loss reaches $100. Technical Stop Loss A technical stop loss is set using chart levels, like support or resistance, which reflect natural points where prices may bounce or reverse. Example: If a stock has support at $48 and you buy it at $50, you might set your stop loss just below $48. This way, if the price breaks the support level, the trade closes to prevent further loss. Trailing Stop Loss A trailing stop loss adjusts upward as the price moves in your favor, locking in profits if the stock reverses. Example: If you buy a stock at $50 with a $1 trailing stop, and the price rises to $55, your stop automatically moves to $54. If the price then drops to $54, the trade closes, protecting your $4 profit. Volatility-Based Stop Loss This type of stop loss takes into account the stock’s usual price swings, setting the stop far enough away to avoid being triggered by minor fluctuations. Example: If the ATR (Average True Range) of a stock is $2, you might set your stop $3 below your entry point to account for normal market movements. Time-Based Stop Loss A time-based stop loss closes the position after a set period, which is particularly useful for day traders who avoid holding trades overnight. Example: A day trader might exit all trades by 4 p.m., regardless of the price movement, to avoid the risks of holding overnight positions. How Stop Loss and Position Sizing Work Together Stop losses and position sizing are deeply connected. Position sizing is the amount of capital you commit to each trade, and it’s based on your risk tolerance and the distance to your stop loss level. For instance, if you have a $10,000 account and want to risk only 1% per trade (or $100), you’ll need to calculate how many shares you can buy based on the distance to your stop loss. Let’s say your stop loss is $5 away from your entry price. To stick to your $100 risk limit, you would only buy 20 shares ($100/$5 stop distance). By setting your position size relative to your stop loss, you control how much of your capital is at risk. This approach keeps your losses small enough that no single trade can impact your overall capital significantly, allowing you to trade consistently and confidently. How Stop Losses Contribute to Consistent Trading Stop losses are essential for maintaining consistency in trading. They allow you to avoid big losses that can drain your capital and help keep emotions in check, allowing you to trade with a clear mind. Using stop losses also helps you keep your risk-to-reward ratio in balance, so even if some trades go against you, the overall profits from successful trades will outweigh these losses. This discipline keeps you aligned with your strategy and limits impulsive actions, which are often harmful to trading success. In this way, stop losses help establish a consistent, repeatable process that strengthens your trading foundation and increases your chances of long-term success. I know very well the frustration of seeing my stop losses being hit, but believe me, the worst feeling is getting stuck with a large loss for weeks, months, or even years. Sometimes, stocks never recover.
NASDAQ:AMZNEducation
by David_874
AWS growth fuels long-term potential despite uncertainties.I significantly increased my AMZN position ahead of earnings, as AWS is seeing astronomical growth and is set to be the standout star of this decade. With its high Beta and growth potential, AMZN deserves a large portion of my portfolio. I find Wall Street’s $220 price target reasonable. Short-term, we’re trading sideways, and with MACD indecisive, my first buy zone is around $180 during pullbacks. If it reaches $166, which I doubt, that’s where I’ll go all in. For now, it seems to be pulling back from resistance, but I’m not concerned.
NASDAQ:AMZNLong
by Tolgaun6
POTENTIAL SHORT OPPORTUNITY AMAZON (AMZN)Hello everyone hope you are all doing fantastic today!! Just wanted to come on here before the start of the trading week and make a post for this awesome community on a potential short sell setup I see on Amazon! So let's dive in! OK so I am going to keep it really brief and simple for you all! Since simple trading truly is sustainable trading. So let me give some bullet points based on each timeframe that is giving me a short bias! Here we go: 1. Weekly Chart: price had huge sell off from 200 to 150 per share in price; now with prices pulling back (expecting potential follow through) 2. Daily Chart: Price had a sharp drop from 195 to 180 per share; formed strong zone of supply; buyer is coming in with weaker momentum than the seller (showing seller control); ALSO pulling back into a potential 78.6% discount zone on the daily fib retracement tool 3. 4H Chart: Broke structure lows around 183 per share. Now pulling back into supply; watching for potential divergence, etc. OK guys there is my simple breakdown for you guys! Basically just seeing if we get some of that follow through to the downside following that large sell off on the weekly timeframe! Hope you all enjoy and have an amazing rest of your day! Cheers! Please boost this post and follow my page for more quality setups and content!
NASDAQ:AMZNShort
by JosePips
1
Potentially Complex Diamond Pattern On $AMZNThis looks like a diamond pattern on AMZN. I have taken puts here with the stop just a little way above (it would have to break this level to invalidate the pattern in my view). The diamond pattern is clear. There is the initial high, the low, the higher high, the lower low, and the return to the original range. I have no idea why or what fundamental reason could cause AMZN to dip here, but, fundamentals don't work in this market and I have to trust the price action (but with tight stops and take profits naturally) If it resolves, it will conclusively break the lower trendline. I suspect that the bottom will be the point-of-control on the volume profile. If it invalidates, it will take out the September highs and this will correlate to the SPX and NDX melt-up. Trade carefully and watch this form closely.
NASDAQ:AMZNShort
by RogueEconomics
Amazon: Riding the E-Commerce and Cloud WaveAmazon is currently showing promising signs as it forms the right side of its base, presenting an excellent setup for long-term investors. With strong revenue streams from e-commerce and Amazon Web Services (AWS), the company remains a dominant force in multiple sectors. This diverse business model positions Amazon for sustained growth, even amid market fluctuations. Technical Overview: Recent price action shows Amazon bouncing off a strong support level around $182.38 , with its 21-day EMA acting as a key indicator of momentum. As it approaches the $200 mark, investors should keep a close eye on these critical levels. Profit Target: Initial target at $201.20 , with further potential upside to $210 if momentum continues. Stop Loss: Set just below the $182.38 support level to manage risk. Indicator Insights: Using tools like the MTF Squeeze Analyzer - and MTF SqzMom , we notice a squeeze firing on multiple lower timeframes, signaling that volatility is likely to increase. The 4Hour and Weekly timeframe shows a build-up in momentum, suggesting that this could propel Amazon toward the $200+ range. Monitoring these momentum shifts provides an edge in timing entry and exit points for the trade. Momentum and Market Overview: With the Larry Williams Valuation Index Indicator, we observe steady momentum on both the daily and weekly charts, supporting a positive outlook. The readings show consistent strength in Amazon’s price action. Notably, the stock has not yet reached its overvalued level , signaling a fair entry point for buyers. This provides confidence that Amazon is trading within a favorable range, with the market continuing to support buying interest. Additionally, the general market is in an uptrend, as confirmed by the IBD Market School , with 100% exposure currently active and the Power Trend ON . This signals a favorable environment for growth stocks like Amazon. Final Thoughts: This trade idea leverages both fundamental strength and technical precision, supported by our indicators available in the TradeVizion toolset. By combining a clear understanding of Amazon’s market dominance with insights from these smart tools, this setup offers a well-rounded opportunity for both short-term gains and long-term growth. Feel free to explore our scripts, designed to enhance your market understanding without overwhelming you with unnecessary complexity. Whether you’re trading breakouts or managing risk, having the right tools in your corner can make all the difference.
NASDAQ:AMZNLong
by TradeVizion