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AMZN trade ideas

Volatile SetupAMZN is completing a B-wave and can still extend to 144-148. However, it has a strong pull down to the 126-135 range and will likely get hit to that zone and show some choppiness next week trying to breakdown the 125 level. Above 125 is bullish territory if it can find support there, but under 125 is very bearish and will signal beginning of C wave. I posted an idea a few weeks back with post earnings expectation of AMZN hitting 135-140 (linked post). The main point I wanted to get across in that post is that the end game here is a nasty C wave that will eventually take it down to 60. Ouch. Updated targets given its earnings reaction: - down from here (sell zone) to 127-131, then chop before breaking down 125 - Initial target 115 by mid September (could happen earlier if 125 breaks in coming week or 2) - 2024 target is 60 where it will bottom.. needs to breakdown 109, 101, 94 and 80 as potential support levels on the way down
NASDAQ:AMZNShort
by JerryManders
AMZN: Bearish Bat: Anticpating Potential PPO ConfirmationAmazon has gapped up to complete an 88.6% retrace thus completing the BAMM. Now we can see that the PPO is trading outside the upper bounds, and once the PPO comes back down below the upper bounds, it will confirm a Bearish PPO signal at the PCZ of this Bearish Bat, therefore confirming the Bearish Entry. I think it will target $81 from there on, but it could go lower if it ends up being a continuation of a much more bearish ABCD Pattern from years ago. I think this rally was stirred on by the positive earnings release, but failed to realize how unprepared the guidance was during the actual call, as they hardly provided any guidance for Q3 all they could provide was their hopes but not much beyond that.
NASDAQ:AMZNShort
by RizeSenpai
$AMZN - MA rendevous!NASDAQ:AMZN - To me ERs are gamble that I seldom take. Having said that this chart caught my attention and I see that all MA's have come together like a family reunion of some sort. Can they help to catapult NASDAQ:AMZN to next levels? If ER reaction is positive coming Thursday, then there is a fair chance for price to gap up the marked level. If not then... Note - ER price movements can get wild, the chart shared and information are just my opinion.
NASDAQ:AMZN
by OI_Organic_Intel
After the Report, AMZN Shares Soar Almost 9%Strong gains in Amazon's stock supported E-mini S&P 500 futures, which were hit by Fitch's US downgrade and Apple's disappointing report. → Amazon revenue for the quarter: USD 134.4 billion, +11% year-on-year; → profit: USD 6.8 billion for the quarter (-USD 2 billion last quarter); → the company continued to reduce the cost of maintaining supply chains; → growth of Amazon Web Services has stabilized as customers move from cost optimization to deployment of new workloads; → forecasts of sales growth encouraged investors. The AMZN stock chart shows that a successful report pushed the price to a year high, trading in the morning may start around USD 129 per share. Thus: → a wide gap is formed on the chart, which can serve as support; → the price may rise from the lower border of the channel to the upper, where it may meet resistance; → RSI may bounce off the 50 line; → the market may be supported by the area around USD 133.5 per share, where the median line of the channel and the maximum from July 31 pass. Despite the sharp rise, AMZN's share price is still far from meeting the average target values, which, according to Tipranks, are in the region of USD 157. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:AMZN
by FXOpen
Amazon earningsAMZN earnings are Thursday 8/3/23 at 4pm. Amazon (AMZN) reported earnings of 0.31 per share on revenue of 127.36 billion for Q1 ending March 2023. The consensus earnings estimate was 0.21 per share on revenue of 124.47 billion. The company beat expectations by 19.23% while revenue grew 9.37% on a year-over-year basis. The company said it expects Q2 revenue of $127 billion to 133 billion. AMZN Q2 June 2023 Consensus: EPS = .34 Revenue = 131.42 B TTCATR VWMA20 levels: R3 = 142 R2 = 138 R1 = 135 VWMA20 = 131 S1 = 127 S2 = 123 S3 = 120 VWMA levels: VWMA50 = 126 VWMA100 = 114 VWMA200 = 104 AMZN options data: 8/4 expiry Put Volume Total 65,397 Call Volume Total 109,568 Put/Call Volume Ratio 0.60 Put Open Interest Total 161,838 Call Open Interest Total 278,161 Put/Call Open Interest Ratio 0.58 8/18 expiry Put Volume Total 17,428 Call Volume Total 36,640 Put/Call Volume Ratio 0.48 Put Open Interest Total 288,849 Call Open Interest Total 436,648 Put/Call Open Interest Ratio 0.66 9/15 expiry Put Volume Total 17,819 Call Volume Total 23,535 Put/Call Volume Ratio 0.76 Put Open Interest Total 401,694 Call Open Interest Total 552,090 Put/Call Open Interest Ratio 0.73
NASDAQ:AMZNLong
by Options360
6
AMAZON Short-term buy signalIt's been exactly two months (May 30) since we gave the latest buy signal on Amazon (AMZN) when the price touched the 0.382 Fibonacci retracement level (see chart below): Our target was set at 146.50, which is the High of August 16 2022 (Resistance 1) and we are updating our analysis as the recent rebound on the 1D MA50 (blue trend-line), seems to be the final bullish leg towards that target. We may experience a strong pull-back (long-term trend still bullish though) there (also the 0.618 Fibonacci level is just above it) as the 1D RSI is trading within a Channel Down, which illustrates a Bearish Divergence. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMZNLong
by TradingShot
2
AMAZONThese are levels that I'll be keeping an eye on when dealing with AMZN, and I'll revise as price action progresses. I adapt to the change in money flow. Fundamentals: "Monday marked the first trading day following Amazon’s (AMZN) 20-for-1 stock split that the company announced on March 9. Amazon shares were revalued to $120 per share, after trading well above $2000 per share prior to the stock split." I'm projecting price to get around the $60 price point sometime in the near future.
NASDAQ:AMZN
by ChrisJTradesFX
2
Amazon (AMZN) Breaking the RED line and 100$ wall was a big short signal and now we heading to another big support level which is 80$ Wall Street equities were in the red on Monday with Nasdaq leading declines as investors worried the Federal Reserve's monetary policy tightening campaign could push the U.S. economy into a recession. while Amazon workers will go on formal strike for the first time in the UK, The three major U.S. stock indexes were on track for the fourth straight day of declines since Wednesday, Fed Chair Jerome Powell took a more hawkish tone than expected when the central bank raised interest rates. Powell promised further increases even as weak data showed signs of a weakening economy. The S&P 500, the Dow Industrials and the Nasdaq have sold off sharply for December, on track their biggest annual declines since the 2008 financial crisis. Im not close my shorts till we back to 70$ level are you READY for 2023?
NASDAQ:AMZNShort
by moonypto
2
AMZN a long reversal tradeAMZN on the 30 minute chart has descended from a double top / head and shoulders pattern in early to mid July and is now set up in the lowest VWAP bands in oversold undervalued territory. The RSI shows lines bounced from the lowest green line set at 20. the low time frame blue- 5 minute line has crossed above the higher 60 minute black line time frame and they are both above the 50 level demonstrating bullish momentum in the early reversal. The mass index indicator crossed above the reversal zone and then down triggering the signal. I will take a long trade on AMZN seeking to profit from this reversal with about 8% near term upside. The trading plan's targets are in the text boxes on the chart.
NASDAQ:AMZNLong
by AwesomeAvani
1
Amazon Long Eearnings 52 Week High hit New 52-week highs this week, powered by the Dow which, on Friday, extended its streak of positive days to ten — something the blue chip index has not done in almost six years. The Dow has been powered by, among other things, a slew of corporate financial results, particularly from the banks, which showed not only improved profitability, but also strong guidance for the next quarter and full year. I have explained 2 bullish scenarios,1 bearish(worse case). Bullish: higher highs higher lows poc uprising volume increasing capital flow rising In case the Take profits hit, and we have increased volume, I will ride the trend. I will only take profit 10% of the amazon portfolio and let the profit run. Exit :Stop loss or trend change signal
CAPITALCOM:AMZNLong
by DaveBrascoFX