Amazon Up side down tick chartupsidedown chart on amazon shows an HS with the right shoulder just retrced at 0.618 with extension on possible new all time hight
AMZN trade ideas
AMZN: Is wave 2 correction under way or another high first?Last week's candle seemed like the Amazon ride might be over for good. This week bulls attempt a heroic reversal. Test on weekly 20 EMA/ mid Bollinger band and getting support there is kind of a big deal. However, there is a MACD bearish cross on the weekly, along with resistance right on the mid Bollinger band on the daily time frame (not on this chart, but it is there). On lower time frame it looks like a 3 wave correction has completed last week, but it looks disproportionately small for being a primary degree correction. So my thesis for now is, either this is intermediate degree wave 4 correction and there will be one more high (and an all time high) incoming, or this is an A wave of some degree and it will be slow downward movement from here. For wave 2 correction, there are several support area targets. First on the market structure at 0.618 fib retrace at around $137 then somewhere between 0.5 and 0.38 fib retrace area $124- $112. On the upside, if we do see another high, the target would be somewhere between $214- $234 (other fib levels from various swings). Right now, waiting to see the current range ($190 - $165) to break before placing my bets...
Amazon(AMZN)Hello friends
In the Amazon share, we see a 5-wave uptrend, all of which have been completed.
There is a static resistance in the range of $188, and considering the divergence between waves 3 and 5, we can expect the price to drop.
Therefore, with the start of a downward trend and the loss limit of 190 dollars, you can enter the sale transaction.
The profit limit can also be considered as 140 dollars.
I recommend you to install Trading View software on your phone to support me and see my analysis and support me with your comments and Boost.
Be successful and profitable.
AMAZON Under the 1D MA50 after 6 months. Is the bleeding over?Amazon (AMZN) has broken and closed below its 1D MA50 (blue trend-line) for the first time in 6 months (since October 27 2023). Last time this happened, the stock had already begun the 2nd Bearish Leg (-18.83% decline) of the 2-year Channel Up.
As a result, there's a real possibility for the stock to reach as low as the 0.382 Fiboancci retracement level and the 1D MA200 (orange trend-line) to form a new Higher Low near the bottom of the Channel Up and then rebound.
As long as the Channel Down of the Bearish Leg is intact and Amazon doesn't close a 1D candle above the 1D MA50, we will wait for a more comfortable buy at $160.00 and we will target $200.00 (+31.87% symmetrical rise as Dec 20 2023).
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Amazon (Amzn) sold the $188 level. Here's what next...Hello Traders, Skyboxpips here!
Amazon stock did a sell off from the $188 level last week to the $173 price level closing out the previous weekly candle bearish.
Amazon is doing a retracement for the retest
It feels satisfying when predictions play out.
Amazon Amazon was trading Bearish for the whole of 2022 into January this year and now we finally turned Bullish on May 15 with a Break in Structure at $113. Our main focus was the Propulsion Block resting at $126 and at the same level we had a Search and Destroy Profile sweeping 143.98 (High) and 126.33 (Low) Our first target is $159 and we looking to make a re entry around the same level. More updates to follow
(NASDAQ:AMAZON) STOCK NEAR KEY IMPORTANT SUPPORT LEVELTHE CURRENT PRICE IS HOVERING ARROUND A CRUCIAL LEVEL
SHORT TERM PRICE TARGET $177.19 TO $171.81
Which will dictate its future direction based on market conditions.
For Amazon stock, reaching its all-time high for the third time prompts speculation: will there be a pullback, or will it establish strong support around $177.19 (Support #1), potentially indicating a 28% uptrend Breaking the recent record at $189.77 could signal a move towards $244.00, encountering a robust ascending resistance line.
Conversely, a downtrend is looming, with the price poised to confirm a potential 15% decline. Breaking below $177.19 might lead to filling the gap from February 1st and 2nd, ranging between $167.33 and $159.76. If this occurs, selling pressure could drive the price down to $144.60 (Support #2). Further analysis would be necessary to ascertain the price's trajectory.
Should these scenarios unfold, it's essential to consider the historical context: Amazon experienced significant declines in August 2018 (pre-COVID) and November 2021, averaging around -46.64%, possibly returning to pre-pandemic levels.
Here are the key levels to monitor closely, as breaching any of them could signal significant market movements.
1.-Near Key Level: Amazon's stock is currently approaching a critical level, which could determine its future trajectory depending on prevailing market conditions. This indicates a crucial juncture where investors may reassess their positions based on various factors impacting the market.
2.- Third Time All-Time High: Amazon reaching its all-time high for the third time raises questions about the sustainability of its upward momentum. This could either signal a continuation of the bullish trend or potentially trigger a pullback as investors consider profit-taking and market sentiment.
3.- Support Levels: There is mention of a strong support level at $177.19 (Support #1), which could potentially lead to a significant uptrend of around 28%. However, breaking below this support level may increase the likelihood of a downward movement, possibly towards $144.60 (Support #2).
4.-Resistance Levels: Breaking recent resistance levels, particularly at $189.77, could pave the way for further upside potential, with a target price of $244.00. However, reaching strong ascending resistance lines at these levels suggests potential challenges for further price appreciation.
5.-Downtrend Potential: There's a looming possibility of a 15% drop in Amazon's stock price, particularly if it breaks below the $177.19 support level. This could lead to filling a previous price gap and potentially trigger selling pressure, pushing the stock towards Support #2 at $144.60.
6.- Historical Performance: Consideration of Amazon's historical performance, including significant declines in August 2018 and November 2021, averaging around -46.64%, provides additional context for assessing potential future movements. This historical data suggests that Amazon's stock may be prone to significant fluctuations under certain market conditions.
7.- Additionally, it's worth noting the upcoming earnings for Amazon stock, with an estimated EPS (Earnings Per Share) of $0.83. This impending earnings release could significantly impact investor sentiment and contribute to short-term price movements in the stock.
8.-When the price reaches its all-time high for the third time, according to technical analysis (TA), it often signifies a significant level of resistance. This repeated failure to surpass the previous high may suggest a potential barrier to further upward movement in the short term. Traders and analysts may interpret this as a signal to exercise caution and anticipate a possible reversal or consolidation in the price action.
Overall, the future performance of Amazon's stock appears to be influenced by a combination of technical factors, market sentiment, and historical patterns. Investors should closely monitor key support and resistance levels, as well as broader market trends, to make informed decisions regarding their Amazon holdings.
NFA
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Amazon channel is turning bearish to $134.51 watch outAmazon has had an incredible run. It's moved from $118 to $188 since November 2023.
But now it looks like the momentum is starting to slow down.
We haven't got a confirmed signal but we see a slow down in buying and the market is at the bottom of the channel.
There is still a gap to close and for the this reason, I'm anticipating a fall in Amazon in the next few weeks. THe first target will be at $134.51 and will be a medium term analysis.
(NASDAQ;AMZN) AMAZON STOCK NEAR KEY IMPORTANT LEVELThe current price is hovering around a crucial level, which will dictate its future direction based on market conditions.
For Amazon stock, reaching its all-time high for the third time prompts speculation: will there be a pullback, or will it establish strong support around $177.19 (Support #1), potentially indicating a 28% uptrend Breaking the recent record at $189.77 could signal a move towards $244.00, encountering a robust ascending resistance line.
Conversely, a downtrend is looming, with the price poised to confirm a potential 15% decline. Breaking below $177.19 might lead to filling the gap from February 1st and 2nd, ranging between $167.33 and $159.76. If this occurs, selling pressure could drive the price down to $144.60 (Support #2). Further analysis would be necessary to ascertain the price's trajectory.
Should these scenarios unfold, it's essential to consider the historical context: Amazon experienced significant declines in August 2018 (pre-COVID) and November 2021, averaging around -46.64%, possibly returning to pre-pandemic levels.
Here are the key levels to monitor closely, as breaching any of them could signal significant market movements.
1.-Near Key Level: Amazon's stock is currently approaching a critical level, which could determine its future trajectory depending on prevailing market conditions. This indicates a crucial juncture where investors may reassess their positions based on various factors impacting the market.
2.- Third Time All-Time High: Amazon reaching its all-time high for the third time raises questions about the sustainability of its upward momentum. This could either signal a continuation of the bullish trend or potentially trigger a pullback as investors consider profit-taking and market sentiment.
3.- Support Levels: There is mention of a strong support level at $177.19 (Support #1), which could potentially lead to a significant uptrend of around 28%. However, breaking below this support level may increase the likelihood of a downward movement, possibly towards $144.60 (Support #2).
4.-Resistance Levels: Breaking recent resistance levels, particularly at $189.77, could pave the way for further upside potential, with a target price of $244.00. However, reaching strong ascending resistance lines at these levels suggests potential challenges for further price appreciation.
5.-Downtrend Potential: There's a looming possibility of a 15% drop in Amazon's stock price, particularly if it breaks below the $177.19 support level. This could lead to filling a previous price gap and potentially trigger selling pressure, pushing the stock towards Support #2 at $144.60.
6.- Historical Performance: Consideration of Amazon's historical performance, including significant declines in August 2018 and November 2021, averaging around -46.64%, provides additional context for assessing potential future movements. This historical data suggests that Amazon's stock may be prone to significant fluctuations under certain market conditions.
7.- Additionally, it's worth noting the upcoming earnings for Amazon stock, with an estimated EPS (Earnings Per Share) of $0.83. This impending earnings release could significantly impact investor sentiment and contribute to short-term price movements in the stock.
8.-When the price reaches its all-time high for the third time, according to technical analysis (TA), it often signifies a significant level of resistance. This repeated failure to surpass the previous high may suggest a potential barrier to further upward movement in the short term. Traders and analysts may interpret this as a signal to exercise caution and anticipate a possible reversal or consolidation in the price action.
Overall, the future performance of Amazon's stock appears to be influenced by a combination of technical factors, market sentiment, and historical patterns. Investors should closely monitor key support and resistance levels, as well as broader market trends, to make informed decisions regarding their Amazon holdings.
NFA
PLEASE, DYOR/MYOD!!
Hope to See your Likes 👍 to Support My Work
To Follow All My Ideas, Go to My Profile and Select the Follow Green button 😁
Please Re-Evaluate Before Make Your Last Decisions
Check my Profile for more.
Amazon AnalysisAmazon has taken liquidity to the upside, we at Capital Wisdom see a necessary pullback to lower levels.
In our indicators NASDAQ:AMZN is HOLD , we have a big liquidity at $161.21, we have big selling pressure from the insiders, more than $ 8B in selling.
Overall
Company has healthy profit margins, considering the average of the sector
Company has healthy debt considering revenue and cash at disposal
If we get a big market correction because of interest rates we could visit $ 120 levels.
We see that as the most probable scenario.
But if the markets continues to the upside, we see as a possible target the range of $230.
If you want more information you can check our website for free.
75: Will Amazon Climb Higher After Bezos' Selling?In a recent move, Jeff Bezos, the CEO of Amazon, has sold $2 billion worth of Amazon stock, raising questions about the company's future trajectory. Bezos sold 12 million shares this week, marking his first sale since 2021. Additionally, Amazon revealed that Bezos plans to sell up to 50 million shares over the next 12 months.
This significant sale by Bezos, coupled with his plans for future divestment, raises speculation about Amazon's stock performance. Despite the sale, Amazon's stock has been on an upward trend, closing at its highest level in over two years.
Investors are left wondering whether Bezos' selling spree will impact Amazon's stock positively or negatively. With Amazon's stock closing at $174, the potential sale of 50 million shares could lead to Bezos reclaiming his title as the world's richest person.
Given Bezos' history of selling shares and the ongoing bullish trend in big tech stocks, there's uncertainty about Amazon's future direction. Traders will closely monitor Amazon's stock performance in the coming months to assess whether it will continue climbing higher or face downward pressure following Bezos' divestment.
Amazon (AMZN) Reaching Inflection AreaShort term Elliott Wave view in Amazon (AMZN) suggests the rally from 10.26.2023 low is unfolding as a 5 waves impulse. Up from 10.26.2023 low, wave (1) ended at 155.63 and pullback in wave (2) ended at 144.05. The stock extended higher in wave (3) which is proposed complete at 189.99 as the 1 hour chart below shows. Wave (4) pullback is currently in progress as a zigzag structure. Once wave (4) is complete, expect the stock to extend higher in wave (5).
Down from wave (3), wave A ended at 185 and rally in wave B ended at 188.69. Wave C lower is expected to complete at the blue box area of 180.59 – 183.68. This can also end wave (4) in higher degree. The stock should then either extend to new high in wave (5) or else at least rally in 3 waves. Please note however that the 23.6 – 38.2% retracement of wave (3) is still lower at 172.2 – 179. Thus, if the pullback is really in wave (4), there’s a chance that the pullback may become a larger double correction or a larger zigzag structure in 3, 7, 11 swing before ending wave (4) and turning higher.
📉 Amazon Peaking?We have a bearish harmonic pattern on the Amazon chart. The pattern calls for a drop.
➖AMZN hit a new All-Time High recently but the week ended up closing red.
➖Seeing the long-term drop in trading volume and related markets, we can predict that soon this bullish sentiment that has been going for months will change.
➖It can happen that the pattern is not yet complete and we see additional growth before the crash. Seeing the bad geopolitical news we have, the crash might start right away, maybe even on Monday. Both scenarios are easy to visualize.
Now or then,
In ten weeks or just one day,
It doesn't matter how long it takes,
A correction is underway.
Namaste.
🌟📈 AMZN: Amazon on Olympus's Peak!Traders, brace yourselves for an epic showdown with Amazon! 🌟📈
🔍 Critical Juncture:
We're witnessing a pivotal moment as Amazon stands at the summit of Olympus. The level at $188.11 has proven its mettle twice before. Will lightning strike thrice? The stakes have never been higher!
💡 Adventure in the Jungle:
Embark on a thrilling journey through the Amazonian jungle of trading! With a potential 27% journey to the first buy zone, are you ready for the wild ride ahead?
🔥 Join the Expedition:
Venture forth and share your thoughts on this daring expedition! Are you prepared to navigate the treacherous terrain of the market? The jungle drums are beating, and the adventure awaits!
💬 Your Quest Awaits:
What's your strategy for tackling this Amazonian challenge? Share your insights and embark on this exhilarating quest with fellow traders! The path to glory awaits those bold enough to seize it!
🎁 Discover the Treasure:
Remember, the most insightful comment could unlock a treasure trove of prizes! So don't hesitate—join the expedition and stake your claim to riches in the jungle of trading! 🏆💰
