AMZN trade ideas
Amazon short to medium term On long term Amazon, 7 weeks, 21 days and 13 days time frames was so oversold like previously in late 2001 so I expect a pretty strong reaction to the upside.
Retraced 56.94 from top so a valid and strong correction. On short term a possible 1-2 is baking and the reaction on the upside looks weak giving me the idea that maybe is just a corrective B wave before going in a C to complete the 1-2 wave. If it;s going beyond wave 1 peak then maybe we are already in wave 3 but the way it moves on daily doesn't gives me hope.
If 87.xx support level is strong we can see a wave 3@ at least 142.xx.
If your newsfeed is doom and gloom then maybe the bottom is already in.
Do Not buy Amazon right now! Amazon.com, Inc. is an American multinational technology company focusing on e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence.
Amazon - AMZNLeft chart – daily chart / 1 year
• Resistance from the gap formed ending October 2022 at 103.96/109.77
• Support from the gap formed beginning November 2022 at 89.47/91.65
• Stock is trading between the support and resistance gaps in a sideways trend
• Decreasing volume in the last days
Right chart – weekly chart / 5 years
• Downtrend since mid-November 2022
• Downtrend supported by 50 weeks moving average
• Resistance at the 23.6% Fibonacci Retracement at 106.80
• Decreasing volume in the last weeks
Stay short as long as we don’t see a clear break of the resistance at 109.77. At that point the downtrend is broken, the Fibonacci retracement becomes a support and the gap resistance (left chart) is filled.
AMZN daily ABC correctionSell to Open AMZN Nov 18 2022 90 Put Limit at $0.14 (Good 'til Canceled)
AMZN daily ABC correction
Can Amzn break the down trendline?İf AMZN can break the downtrend it can go to 122 and then 134 it is my first Scenario and i think it can. because in daily MA 50 and MA 100 under the price, and one higherlow is at is created at 89.20 ichimoku is in the buy. otherwise it can't break the downtrend it can go to 93 and try again the break the downtrend. İnlong term i am very bullish.
AMAZON BULLISH TRENDAMAZON is looking in a bullish trend as it is printing higher highs and higher lows.
$AMZN Daily swing trade order$AMZN Daily swing trader order
Sell order for the day: 112.26
Buy order for the day: 95.64
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So this is by far one of the most effective strategies that I’ve traded ever. I used to have a very similar version and some of you may remember it from a few years back… but this just requires one buy order and one sell order every day after close… and as the market dips you’re buying and as it’s rallying you’re selling into the rally…. You don’t have to think of anything else…. Its super simple… in a way it’s a very passive swing trade strategy where you’re always buying the dip and always selling on the way up…
I am not your financial advisor and feel free to follow along to see how it plays out and jump in any time.
I’m tracking only a few of my positions on here and I want to see the success rate after 3 months. I know it works really well already but I want to be able to break it down and see it visually…. I’m visual like that… lol
Also not that there aren’t supposed to fill same day… I have each order set to GTD, and the date is 8 weeks out…. So it just needs to fill within 8 weeks….
Amazon Hourly Cup and TeaAMAZON hourly
Inverse cup and tea, continuation
SL:96.48
EP:101.21
TP1:106.20
TP2:111.03
Amazon Hourly Cup and TeaAMAZON hourly
Inverse cup and tea, continuation
SL:96.48
EP:101.21
TP1:106.20
TP2:111.03
Amzn101 or 97 but it's pulling back.
Rising wedge and bearish divergence on RSI
Yesterday they used aapl to prop the market up, today amazon.. the musical chairs games are about to stop
AMAZON : Let's go Bullish againAfter 2 years of negativity the Predictum is finally positive again.
There's not much to say about Amazon, it's a solid and valid company.
This is a very positive signal that joins the rest of my buy signals.
I have increased my positions and will continue to do so as long as the conditions are positive considering a medium/long term vision.
$AMZN - Could see a breakout$AMZN is up against the trendline. If it breaks out it could hit 200DMA at 107.49. Since 03/2022 every time the price hit 200DMA it reverses. This time, it looks like it will get to $116 near term.
Target 1 - $107.49
Target 2 - $116
Target 3 - $127
I am long #AMZN.
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Trade is done when it hit one of the target or stop loss is hit.
Disclaimer: Trading note. Not an investment advice.
#Amazon: Double Bottom😱The overall market structure is bearish
Price found strong support last week and as you can see
Price is making a bullish correction
Price has formed a Double Bottom pattern indicating a bullish continuation
A break above the resistance which aligns with the 38.20% will open doors
For a bullish uptrend to the next key level
I'm bullishly and biased
