AMZN Amazon Options Ahead of EarningsIf you haven`t bought AMZN before the previous earnings:
Now analyzing the options chain and the chart patterns of AMZN Amazon prior to the earnings report this week,
I would consider purchasing the 185usd strike price Calls with
an expiration date of 2024-12-20,
for a premium of approximately $16.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Search in ideas for "AMAZON"
We are in Amazon wave 1 and 2 weekly outlookDear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it.
I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision.
I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily.
I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him.
Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
Mr. Nobody
Bitcoin in a famous bullish patern from Amazon - Ready PUMP !Bitcoin is currently in a bullish formation. A pattern known very well from the Amazon chart.
Every day, twice as many bitcoins are purchased by ETFs as are mined, and in April it will be 4 times as much after halving and cutting the miners' reward by half. Additionally, currently only 10% of fund institutions from entire market provide BTC ETF services - What will happen to Bitcoin price when BTC ETF will be in most funds and banks?
AMZN Amazon Options Ahead of EarningsAnalyzing the options chain and the chart patterns of AMZN Amazon prior to the earnings report this week,
I would consider purchasing the 160usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $19.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Potential base pattern on AmazonWe have identified a potential base pattern on the Amazon share price that will complete on a close above 114, the reaction high that we saw in January.
A close above 114 would complete the base an offer a potential upside target of 147.
One to watch!
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Amazon earnings todayAmazon Q3 September 2022 earnings are today 10/27 at 4pm. Amazon (AMZN) reported Q2 June 2022 earnings of $0.10 per share on revenue of $121.2 billion. The consensus earnings estimate was $0.15 per share on revenue of $119.5 billion. Revenue grew 7.2% on a year-over-year basis. The company said it expects third quarter revenue of $125 billion to $130 billion. Here's levels on the 1-day chart:
Q3 September 2022 Consensus:
P/E = $0.22
Revenue = $126.42 B
SMA50 = 123.10
SMA100 = 121.74
SMA150 = 126.23
SMA200 = 132.67
SMA20 trend channel
top = 138.82
R3 = 133.04
R2 = 127.25
R1 = 121.47
pivot = 115.69
S1 = 109.90
S2 = 104.12
S3 = 98.33
bottom = 92.55
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
Going Short in AMAZON - Nasdaq.Hello Traders;
AMAZON STOCK - Nasdaq.
Trade Plan.
Short / Sell Trade.
Entry Level below the 4 Hour Resistance Zone Between 101.87 to 103.78
Take Profit 1 @ 4 Hour Support at 91.15
Take Profit 2 @ 4 Hour Support / FIB 100% Level at 86.38
Take Profit 3 @ 4 Hour Support at 610.30
Take Profit 4 @ Daily Support Level / FIB 123.60% Level 72.86
Stop Loss @ FIB 61.80% Level at 108.58
Lot Size :
Portfolio Size 10000
Risk to Reward 1 : 1
Lot size = 124 Shares @ 5% Risk
TP 1 = Total PIPS in gain = 12.63 Profit 14.08%
TP 2 = Total PIPS in gain = 17.40 Profit 20.25%
TP 3 = Total PIPS in gain = 20.79 Profit 21.97%
TP 4 = Total PIPS in gain = 30.92 Profit 42.19%
Total PIPS in Stop loss = 4.80 Loss 4.30%
Regards,
Elliott Wave View: Amazon (AMZN) Rallying in a Double ZigzagShort term Elliott Wave view on Amazon (AMZN) suggests the decline to $123.66 ended wave ((A)). Wave ((B)) rally is in progress with internal subdivision as a double three Elliott Wave structure. Up from wave ((A)) low at $123.66, wave A ended at $128.50 and pullback in wave B ended at $127.18. Final leg higher wave C ended at $131.38 which completed wave (W). The stock then pullback in wave (X) with internal subdivision as a zigzag.
Down from wave (W), wave A ended at $126.39 and rally in wave B ended at $128.98. Wave C lower ended at $124.74 which completed wave (X). Wave (Y) higher is in progress with internal subdivision as a zigzag structure. Up from wave (X), wave A ended at $130.28 and pullback in wave B ended at $127.10. Stock should now continue higher within wave C of (Y) to complete the double three rally from 9.1.2022 low. Potential target higher is 100% – 161.8% Fibonacci extension from 9.1.2022 low which comes at $132.47 – $137.26. Near term, as far as pivot at 123.66 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
SHOUT OUT TO CRYPTO SAVY! AMAZON CRASH PATTERN IN BTC!I think there is a possibility that CRYPTO SAVY might nail it with his AMAZON / BTC comparison that he called out on December 2nd 2021.
Looks like it's playing out perfectly so far. I'll just add the EW count that i think this crash will be to SAVY's analysis.
I think we are in a "WXYXZ" complex correction (as shown in the chart).
I also think we will drop under the 2018 BTC low and bottom somewhere between 1.3k to 2.8k.
Let's see what happens....
Buy AMAZON now!! Huge discount sale for an ecommerce behemoth!
Technical Analysis
- Triple bounce off $101 level with big reaction upwards,
- this region used to be resistance now flipped support.
- Its also the 61.8% retracement level (golden zone for a rebound)
- stochastic RSI was in oversold, now rebounding
Trades:
Short term traders can look for a LONG from current level
For long term traders this is a good region to BUY MORE AMAZON
AMAZON Risky Long! Buy! AMAZON Risky Long! Buy!
AMAZON fell down sharply
And is trading at -45% from the all-time-high
Which means that the stock has made a good correction
And is trading at the price reflecting its fair value
So as the price is retesting a weekly horizontal support
I am locally bullish and IF there are no more bad news
I will be expecting at least a local rebound from the level
Buy!