Amazon Closes weekly below key support Amzn now below 50DMA Next Supp 130 But watch also for 124 and 120 150DMA and 200DMAby Sunnylifemoney8
#AMZN Potential Entry Levels For a $150 TestIn this update we review the recent price action in Amazon and identify the next high probability trading opportunities and price objectives to target •Past performance not indicative of future results01:35by Tickmill12
My AMZN Chart using Elliott Wave TheoryI made this EW a while ago and I'm now going to share it on Trading View for you. I see Wave 1 rejecting 146 as that's a key resistance. I then see it going to 114 for wave 2 as a key support line. I do have a zone for wave 2 however which is 114 --> 110 --> 101 Good luck!Shortby the_new_tate2
Create & Organize Your 1st WatchlistA tutorial video walking you through how to create & organize a watchlist. In my experience I've found that organization is the key to consistency & that consistency is the key to success so having an organized watchlist is something that has been very helpful in both my trading and investing. Hope you enjoyed the video & if you have any questions, comments or request for future videos please leave them in the comment section below. Also if you have a second please hit that BOOST button to show me some love on your way you! Plan Your Trade, Trade Your Plan! AkilEditors' picksEducation03:16by Akil_Stokes1313381
Amazon PerspectiveJust looking at the Amazon Chart, I haven't looked at it for almost a year at this point and ironically we are in the same spot. The drop that I expected once we stalled in resistance did play out; however, Amazon has been able to keep up strong performances and has found itself back in position of resistance. I do think this is strong resistance as it was just so euphoric when we hit the highs above this level, it was pandemic belief that we would all be living at home and getting drone delivered goods, even groceries from Amazon. Competitors continue to exist for every Amazon service and they are strong and diverse, Amazon is still the best at what they do so there is no reason to be overly bearish; however, with inflation ticking up and some fear entering the market I would expect a pullback. If Amazon can smash the October expectations we could see an inverse head and shoulders to round out this bearish period and maybe even head to new highs in mid to late 2024 (assuming a strong macro economic environment) This is just my drawings and opinions. Shortby MikeSpy6
August Trades (AMZN, account up 0.74%)6th day trade in August is NASDAQ:AMZN on 8/11/2023. Account is up 0.74%. Total return in August is 15.91%. Longby 1hour_trading1
AMZN LONGYes, the knife is falling and I am trying to catch it so don't try this at home. Started a position at $83.90. I'll double the position if/when it hits that lower trend line in the area I circled around $70 or so. If that line holds I'll be looking for at least a 2 legged pullback to $110-120 and at most a run up to $145. Under $65 and I'm taking the loss.Longby isabellaalexandraUpdated 3
Amazon may be a major investor in ARM IPO, will riseAmazon intention to invest in chip design firm ARM highlights the potential for both companies to profit from generative AI. The global generative AI market is expected to exceed $1.3 trillion by 2032. Amazon is in talks with ARM to become an anchor investor in its IPO, people familiar with the matter said. In the 12 months to the end of June this year, Amazon spent $82.7 billion on research and development and $58.6 billion on capital expendituresby aotemangongzuo10
Amazon's Soaring Performance Sparks Investor Interest...Amazon's Soaring Performance Sparks Investor Interest: A Deeper Look at the FAANG Giant's Potential Amazon, the e-commerce behemoth, has been riding an impressive upward trajectory in the stock market following a highly favorable quarterly update that ignited optimism among investors. With a remarkable revenue of $134.4 billion, showcasing an impressive 11% year-over-year growth, and a substantial leap in diluted earnings per share to $0.65, a noteworthy improvement from the previous year's loss of $0.20, Amazon has not only exceeded expectations but has also sent ripples of excitement through Wall Street. This momentous performance resulted in a notable 10% surge in the stock's value the day following the announcement. The current landscape finds Amazon basking in robust momentum across its diverse business segments. Yet, amid the excitement, a crucial question emerges: Are Amazon shares a prudent investment choice at this juncture? To make a well-informed decision, investors must meticulously examine several pivotal factors revolving around this prominent FAANG stock. Within Amazon's performance, two compelling narratives beckon investors' attention. The first narrative centers on the company's exceptional double-digit revenue growth in the preceding quarter – a feat that is particularly remarkable given Amazon's colossal size. This growth serves as a testament to the expansive potential that still lies within the markets Amazon operates in. Furthermore, this robust revenue surge hints at a stabilizing operational environment, bolstered by the overall resilience of the economy characterized by temperate inflation rates and low unemployment. Notably, other tech giants like Apple, Alphabet, Microsoft, and Meta Platforms have similarly surpassed the consensus analyst revenue projections, contributing to the favorable outlook for Amazon. The second aspect that adds to the allure for investors is Amazon's remarkable surge in profitability. A stark contrast to the $2 billion net loss reported in the same period a year ago, the most recent quarter boasts a substantial profit of $6.8 billion. Emulating its tech counterparts, Amazon adeptly implemented effective cost-cutting strategies, significantly reducing its employee headcount by 27,000 since the close of the previous year. Consequently, the company's operating margin has ascended to 5.7% in Q2, a substantial leap from the 2.7% recorded in the corresponding quarter of the preceding year. Glimpsing into the future, the positive trajectory continues as Amazon's management forecasts an impressive performance for the ongoing quarter. Anticipated revenue growth ranging from 9% to 13% accompanies an even more striking projection of a 180% surge in operating income at the midpoint. These promising forecasts offer compelling grounds for investors to consider Amazon as a potent contender for their investment endeavors. Of paramount significance to investors is Amazon's flagship e-commerce operations, which remain a cornerstone of the company's identity and performance. Noteworthy is the notable 5% growth in sales experienced by the company's online stores, marking a substantial improvement compared to the stagnant growth witnessed in Q2 2022. This segment notably contributed to a significant 39% of Amazon's total revenue during the last quarter, underscoring its pivotal role in the company's overarching success. In the context of the surging interest in artificial intelligence (AI), it comes as no surprise that AI took center stage during the Q2 2023 earnings call. CEO Andy Jassy emphatically emphasized Amazon's unwavering commitment to integrating generative AI applications across all facets of the business to elevate customer experiences. Amazon Web Services (AWS), a dominant force in the cloud industry, is poised to emerge as a pivotal nexus for AI integration within its offerings. Jassy's emphasis on data as the cornerstone of AI further accentuates Amazon's vantage point, given its vast customer base in the cloud sector, positioning the company as a trailblazer in the AI revolution. While AWS exhibited a minor deceleration in sales growth at 12% year over year during the last quarter, the impressive 24.2% operating margin underscores the unwavering strength and profitability of AWS within Amazon's multifaceted business portfolio. As Amazon's potent momentum prevails, numerous factors kindle optimism about the company's future prospects. Reinvigorated revenue growth coupled with a consistent ascent in profits underscores a robust performance spanning all operational segments. This stellar performance hasn't gone unnoticed by investors, resulting in an astonishing 69% surge in the stock's value in 2023 (as of August 4). Remarkably, even in the midst of this surge, the stock remains attractively priced, trading at a trailing price-to-sales multiple of 2.7 – notably lower than its trailing 10-year average of 3.1. In actuality, excluding the past year, Amazon hasn't exhibited such appealing valuation since 2017. Positioned as a commanding force that profoundly influences both consumers and businesses on a daily basis, Amazon commands a pivotal role in the market while offering abundant growth potential for the future. In light of these compelling factors, Amazon emerges as an enticing candidate worthy of consideration for inclusion in one's investment portfolio.Longby FOREXN14421
Amazon! Welcome to reality ) We going to WXY correction. It will be long time correction... Hold your Cash to buy for better price.by farrrgo221
AMZN AnalysisPrice did not play out as analyzed last week. Price gapped above the confirmation level of 136.65 and is now consolidating. From here, I'd expect a bearish retracement to fill at least the 50% level at 134.58 and potentially lower into the bullish OB at 118.60. by Keeleytwj2
Collect Cash Waiting To Buy Amazon...Hey guys! Today, we're looking at a Trade Idea in Amazon, the giga-cap tech company and retail behemoth. Like most of our trade ideas, this post focuses on selling put options - this time, on NASDAQ:AMZN shares. In case you're unfamiliar with options -> when you sell a put option, one of two things happens. Either; A.) The stock price finishes above the strike price of the put when the put expires, in which case you make money. B.) The stock price finishes below the strike price of the put when the put expires, in which case you’re forced to buy the stock at the strike price. With the trades we publish, if the stock goes up, sideways, or down a bit, you'll make money. If the stock goes down a lot, then you'll be forced to buy shares. In other words - either make money, or buy the dip! The trick is finding the right stock at the right time. Right now, Amazon seems like a great candidate for this strategy. Selling the September 22nd, $131 strike put options yields more than 13.4% on an annualized basis, and the company is well positioned for a trade like this. The company recently reported results, and they were good, showing a continued rebound in FCF and top line growth: The company is still diluting shareholders at quite a rate, which isn't the best thing in the world, but it's alright considering the overall demand profile for the stock. Otherwise, the stock continues to be in a strong bull trend, which supports a bullish option play: On top of this, the company recently reported earnings and the stock jumped on the data, which could induce further PEAD, or Post-Earnings-Announcement-Drift: Given that this trade idea has a 77% chance of finishing profitably over the next 43 days, we think its a solid balance of risk and reward. Worst case? You're holding Amazon, one of the best companies in the world. Cheers! Looking for more high-probability trade ideas? Follow us below. ⬇️⬇️Longby PropNotes2227
$AMZN 1 HR Bull FlagBullish wedge forming on NASDAQ:AMZN on the 1 hour chart, entering this trade according to market structure and price action on the tech sector, if buyers are strong at liquidity I will enter this and try and hold until $145 with risk management.Longby Mauxri3
AMZN Looking for a CorrectionAMZN underwent an impressive rally post-earnings, serving as one of few. On the 1 Hr time frame we see a text book double top, waiting for it to bounce of the neckline resistance for entry. First Target Is $138 and a failure to hold this support could send AMZN deep deep into the red. Wait for confirmation before entering trade. by wellrock1
AMZN Swingi3With close above FIB 50 on Weekly - Impulse buying poised to run up heading to FIB.618 at : $147.03 strong monthly momentum observed w/RSI print 56 on monthly chat . Long till thenLongby TrippyStickzUpdated 1
AMZN SHORT PROJECTION#AMZN is growing up inside a bullish channel where we are now about to see a possible reversal based on the daily resistance formed. A minor pullback/retracement might be seen in the next few days.Shortby TraderChamp-Pro10
AMZN reclaims 7 year trend support 😳😲resistance zone from 2019 acting as support in a way after a small short trap below.. earnings continue to grow, not surprised lol I am a big amazon supporter I even get my groceries delivered by them sometimes. Amazon is here to stay, that trend support from 7 years ago tells the story. targeting 163-185 from here 🎯Longby Vibranium_Capital3330
Amazon - Greed, Just Like Speed, KillsFirst, I understand that Amazon had an excellent earnings report, whether analyst estimates were gamed to the downside and it was easy to beat notwithstanding. What you have to be really careful of right now is the excess greed that abounds in the markets. Greed is the thing that kills accounts the fastest, and when you blow your account, there won't be any use for TradingView anymore, and nobody will be able to have fun until you can save up to reload. I am not saying any kind of bearish commentary on Amazon, although you should have reservations on this company because a lot of its business model is just to serve as an export faucet for stuff made in the Chinese Communist Party's land. And you have to be careful with anyone whose business is tightly knit to communist China, because the International Rules Based Order is chattering disaster about "de-risking" from China. Because the narrative about "Taiwan Invasion" really means that the CCP is close to falling and everyone is thinking about how to take control of that country. But to take control of China, you need someone Chinese, which means you need a handpicked appointment from the Republic of China who will serve the globalists. All this, and the 24th year of persecution against Falun Dafa by the CCP's Jiang Zemin faction just completed on July 20. In 1999, Jiang began a full genocide and organ harvesting campaign against 100 million spiritual believers, and it's persisted to this day despite Xi Jinping never participating. In fact, Xi's Anti-corruption Campaign has been hitting the corrupt officials involved in the persecution ever since he took power in 2012. Consider that the next time you see the media going off about what a Mao Zedong Xi Jinping is. Amazon's monthly provides some clarity. The most notable thing is that the 2021-2022 distribution bars during the rest of the market's bull run indicates a proper and clear topping pattern. And despite that, price never took out the most critical of lows, the COVID pivot at $81.30. Instead, it spared it by 13 cents. Because numerology. What it means is that long term, $80 becomes a target. What's notable about price action before today's earnings report pump is that Amazon maintained the July low, albeit barely. And this creates three weekly lows of equal "support." Which also becomes a target. Bear in mind, with Nonfarm Payrolls also being tomorrow morning, you may get yourself a trade setup that looks something like what happened to AMD on Wednesday: AMD - Greed Doth Bad Habits Breed When its ER came in hot in premarket and at open, and turned into a huge sell off and red day: So the point with this call is to say that the August '22 $146 pivot may really hold. And if it doesn't hold, it might just get raided. Which makes buying the top tomorrow morning something that isn't a particularly intelligent thing to do. Worse, it means that buying the dip may be trading in the wrong direction, while selling the dump's retrace might actually be an optimal short entry. Just keep in mind that we may have as much as another 2-3% of downside left in the SPX before we retrade towards/take out the tops: SPX - The Sound of a Shattering Iceberg If the markets really get blown to pieces heading into the end of Q3 in accordance with the JP Morgan collar, stuff like Amazon is going to head to a 5-handle by next year. SPX/ES - An Analysis Of The 'JPM Collar' You'll know the truth, in my opinion, when Amazon breaks the $125 flat bottoms, price won't come back, just like what happened with Netflix: Netflix - I Hope You Like Catching Knives What I really want to tell you all is that life still seems stable, it seems like all there is to worry about is making money and entertainment. But our world may very well change overnight, with no warning at all. And what we've all done while the cards were still face down will be what determines who wins the pot and who loses their stack.by LordWrymouthUpdated 6
Amazon Potential H & S Amazon - NASDAQ:AMZN - Reaching into over bought levels - A pull back from current levels would not surprise - A pull back could form a head & shoulders pattern - A break out above OBV would be ideal, should this occur this week that will change the outlook. Rejection from over bought levels and the OBV resistance line (which has consistently rejected price since 2020) seems probable. On the flip side we have a bullish MACD cross on the monthly timeframe which could mean we just need a little more time to mount. All of the above leans me towards the H&S idea, short term pull back and continuation. If the H&S played out there would be a great opportunity to trade specific levels outlined with good actionable stop loss / low risk profile. At present there is a high risk of rejection. This is not guaranteed. Just more probable at present. I'll be observing for now....but I would love to get exposure but on my own terms with less risk. PUKAby PukaCharts6
Bleak prospects for Amazon shareholdersAmazon's strong quarterly figures were convincing, and the stock consequently shot up. But will the rise be sustainable? A look at one of the most important technical indicators gives little hope: The strong inverse bearish divergence in the CumulativeDelta suggests that Amazon stock will soon correct significantly. I am not giving a price target here, as the divergence is still building. However, it can be said that the short side is clearly to be preferred in Amazon as soon as a corresponding reversal formation appears.Shortby Ochlokrat4
Amazon.com Gaps Up on Earnings Report.For the second time in 2023 Amazon.com inc. (AMZN) had a gap up on a quarterly earnings report. The current instance could be much more bearish than the January gap up. Note the RSI now has a bearish divergence while there was none in January. MACD lines has a bearish divergence. Additionally, on 08/04/23 AMZN ended the session at the low of the day. Those buying AMZN at the open of 08/04/23 could soon be experiencing PAIN! Shortby markrivest17
AmazonEnjoyed the NASDAQ:AMZN ride from $107 to the current level. Now looking forward to the next move, an ideal move is a close above $144. We always root for the upside.by Trend_Trader_JSE1