Bounce coming before earnings?AMZN has been weak starting off August but it has placed us in a position to catch a bounce off of the 21MA around $131.00. After bounce, it could rally higher to $133 before earnings on Thurs (8/3) AH.
AMZN trade ideas
Amazon 140 or 100Amazon near crucial level to top the price channel if breaks 140 levels can be attained from here look for break out and postive price, if not sustains above swing high stop loss above channel target till mid of channel of low of the channel.
Previously strong rejection in this area with wick to left displays supply zone presence.
$AMZN Reported Positive EarningsNASDAQ:AMZN Reported Positive Earnings, forming a cup & handle on the weekly chart, if Amazon closes above 136 and consolidates in a bullish manner it will form the handle. We are bullish and we continue to see amazon stock moving higher.
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 $127 billion to 133 billion.
AMZN Q2 June 2023 Consensus:
EPS = .34
Revenue = 131.42 B
TTCATR VWMA20 levels:
R3 = 142
R2 = 138
R1 = 135
VWMA20 = 131
S1 = 127
S2 = 123
S3 = 120
VWMA levels:
VWMA50 = 126
VWMA100 = 114
VWMA200 = 104
AMZN options data:
8/4 expiry
Put Volume Total 65,397
Call Volume Total 109,568
Put/Call Volume Ratio 0.60
Put Open Interest Total 161,838
Call Open Interest Total 278,161
Put/Call Open Interest Ratio 0.58
8/18 expiry
Put Volume Total 17,428
Call Volume Total 36,640
Put/Call Volume Ratio 0.48
Put Open Interest Total 288,849
Call Open Interest Total 436,648
Put/Call Open Interest Ratio 0.66
9/15 expiry
Put Volume Total 17,819
Call Volume Total 23,535
Put/Call Volume Ratio 0.76
Put Open Interest Total 401,694
Call Open Interest Total 552,090
Put/Call Open Interest Ratio 0.73
AMZN earning#AMZN earning coming next thursday after hour.
If #amzn can hold above 130.5$ , next target : 134$/137.5$/144$
IF #amzn drop below 1305$ , next target : 127$/122.5$/117$
AMAZONMarket Seems to be in buying mood today for amazon stock, targets are not fixed, would exit at 1:1
AMZN....4hAmazon stock analysis
= Analysis is based on technical analysis of the trend
= If he crosses the level of 136.71, he will be eligible to reach the level of 144.26
= When it crosses the level of 144.26, it will target the level of 164.29
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.
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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 $60 price point sometime in the near future.
Amazon (AMZN) Breaking the RED line and 100$ 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?
FOMO set up no cap $AMZNI pray I don't miss this move next week. I am not interested in short anymore and its okay to be wrong and don't fight the market, but this right here is a gem. 137 calls should be on everyone watchlist.
AMZN put credit spreadmacro: snp500 QQQ uptrend, but retracing,
News: PCE show inflation slowing, russia stopping wheat shipments
TA : 20ema bounce
STOP: rolling till worthless options
TP: low value per day or expire
risk: market downturn after very strong first half, fed continue rise interest rate,BAD EARNINGS
AMZN TO SIRIUS A🚀✨My powerful demand zone has been met with the confluences
of my strategy secrets to good to pass up so ill come up with something
a long whaaa rather absurd yes considering china lifting restrictions backfiring on it
potentially leadin to a supply chain S💩💩T SHOW and a continuation of an overall bear market
still cant pass up the chance to say i called the bottom wen all odds were stacked against logic
SENNA SEASON
Finally?I bought some puts as shown. Looks like the price is testing the broken support. Is not an important support, but the puts are cheap and it is worth the shot.
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.
AMZN AnalysisPrice playing nicely as analyzed last week, giving us a 2.96% move to the downside. No changes to my expectations, I'm expecting price to continue lower following the bearish order flow into the bullish POI at 118.60 next.
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
AMAZON Bearish Breakout! Sell!
Hello,Traders!
AMAZON was trading in an
Uptrend but now we are
Seeing a bearish breakout
From the opening wedge
Pattern which makes me
Bearish biased and I think
That we will see a move down
Sell!
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AMZN short based on Wheel of Time premier datesFrom the chart, you can see that I've marked the dates of the premier of season 1, and also the official trailer date for season 2.
Now, 19th July is probably the peak for this year's recovery.
Amazon stock price will probably start crashing on 1st September because that's the release date for season 2. It will be a Black Friday for AMZN.
Amazon (AMZN): Against Multiple ResistanceAmazon has lagged other FAANG stocks in terms of pushing high out of ICL, now it is up against multiple resistance where price was rejected before. We can expect the stock to decline following the general market trend. The rising wedge demarcated by the blue trendlines can be expected to break to the downside.
NB: It must be noted that such setups can have a false breakout before turning down, one is best to be aware and not be shaken out.
zekeshtHi,this is for iranian friend : this share published good financial statement for first quarter of year and based on production and sales growth it has acceptable situation.
look at this technical chart i remark for you where to buy.
Good luck
Will you break out of this channel pattern this week $AMZN Actually, it did break out the last 2 trading sessions and we saw that pull back. This week i want price to hit 127 or an attempt to break that 130 area. As always follow price action and try to stay in the game.
