Amazon Bearish Monthly AB=CD Macro UpdateThis is an update to an couple years old ABCD setup on Amazon to remind myself that the ABCD is still in play and that we may be in the midst of forming a Partial-Rise at the PCZ within this Right-Angled and Ascending Broadening Wedge Visible on the Monthly Timeframe. If this plays out and we see price come Back Down to the Bottom Trendline we will have a High Chance of Breaking Down Bearishly through the Wedge. This will likely lead Amazon to Revisiting the Price Levels of $2000 then if that doesn't hold we will likely go straight down to around $1300
Amazon
Amazon investors GET READY!Amazon historically has been respecting my resistance zone. If the price is able to break above $3.2k once more in the near future I believe we are going to see buyers test the resistance zone once more. On the other hand, the price may choose to drop back down to $2.6k-$2.8k range. If this occurs and price continues to drop within the supply zone I believe there are some strong buy & hold opportunities at this zone.
AMZN possible short Amazon as well as other main publicly-traded US stocks have recently been mimicking the movement of US indices: a 15% fall, quick recovery and possible dead cat bounce, which could lead the market move even lower (even below the recent lows). In this environment, short bias can bring many opportunities on which traders can capitalize.
I have already mentioned how Tesla is setting up for a short position and how Apple could too.
For example, a recently signalled short position can be opened on Amazon as it gets rejected by the 50 MA and does not seem to be able to break and hold above its resistance levels (in red). Not only, but Amazon seems to be breaking away in a relatively abrupt manner (-3.59% for week close).
Now, either the whole movement is a minor correction, or a trader could decide to short Amazon below its most recent lows when the price breaks the 66% Fibonacci (blue line) level and a possibility of correction is eliminated. Until that point, a short position should be rather speculative.
Please note that US indices should be kept under control for any forms of collective change in trends. In other words, if the US 500 index changes sentiment, then we can expect Amazon to do the same.
NOT FINANCIAL ADVICE!
$BABA 59% gap up 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
The market overall has reached its next buy zone. My team is loading up shares of companies that we believe will surely benefit within a small interval of 34 trading days. Some of these trades will be swing, others will be held long-term.
Friday afternoon my team purchase shares of Chinese online and mobile commerce company Alibaba $BABA at $130 per share. Our take profit is $200, which is a 59% increase from current levels.
Our Entry: $130
Take Profit: $200
If you want to see more, please like and follow us @SimplyShowMeTheMoney
AMAZON | FUNDAMENTAL ANALYSIS + LONG SETUP IDEA ⚡️ MUST READ!Judging by the market's reaction to Amazon's Q4 report, you'd think the e-commerce and cloud computing giant was a success. In a sense, it did. The company's stake in electric car company Rivian generated nearly $12 billion in revenue; Amazon Web Services (AWS) continues to operate at full capacity, growing rapidly and generating incredible profits; and the announced Amazon Prime price hike will generate billions in additional revenue.
All of this contributed to Amazon stock rising more than 10 percent on Friday, a big move for a company with a trillion in revenue. This rally after the earnings release has undone some of the damage done by the collapse in growth stocks over the past few months, though the stock is still down about 15% from recent highs.
On Friday, the market focused on the positives of Amazon's report, but there were also plenty of bad points that investors shouldn't ignore.
Amazon's Q4 sales were up just 9%, which can't be called a stunning result. The retail business in North America, by far the largest segment, matched that overall growth rate. AWS grew much faster, by 40%, while international segment sales were down 1%.
To be fair, the comparison was not an easy one. In the fourth quarter of 2020, Amazon's sales were up 38%, which is certainly a challenge. Consumers increased their spending on e-commerce at the beginning of the pandemic, but that tailwind seems to have disappeared. With stiff competition from traditional retailers like Walmart, Target, and Best Buy, as well as e-commerce companies like Chewy and Wayfair, slow growth for Amazon may be the new normal.
Along with slowing growth in its retail segments, the company's profits have fallen sharply. The North American segment had an operating loss of $206 million, down from nearly $3 billion in the fourth quarter of 2020, and the international segment's profit fell to $1.63 billion from $363 million.
AWS absorbed some of the losses, but overall operating profit still fell 50% year-over-year. The company cited more than $4 billion in expenses related to higher wages, higher prices, lower productivity, and order fulfillment network outages during the analyst call.
Amazon currently employs more than 1.6 million people, not counting the contractors who keep the delivery network running. The company is not known for having the best working conditions in its warehouses, so a competitive labor market could lead to serious employee retention problems. This could lead to further cost increases, slower deliveries, and upset customers.
The Prime price increase will help offset some of these inflationary factors and will be a test of Amazon's pricing strength in an increasingly competitive e-commerce market.
Amazon is focused on generating free cash flow. The company generated $31 billion in free cash flow in 2020, helped by a surge in demand caused by the pandemic.
The situation has changed. Over the past 12 months, Amazon's free cash flow has been negative at $9 billion. Even worse, free cash flow, which takes into account equipment acquired through leasing, was negative at $14 billion, compared to positive at $21 billion a year ago. That's a $35 billion difference.
This can be attributed in part to the fact that Amazon is investing more in its business. Total capital spending, including finance leases, will be about $60 billion in 2021, up from $44 billion in 2020. This increase in spending explains less than half of the sharp drop in free cash flow.
The rest is the result of a strong decline in operating cash flow. Last year, operating cash flow was $46 billion, down as much as $20 billion from 2020.
The first quarter of this year won't be any better. Amazon expects revenue growth of just 3%-8% year-over-year. Operating income will be between $3 billion and $6 billion, down $8.9 billion from the first quarter of 2021.
The operating profit forecast is worse than it looks. Earlier this year, Amazon increased the useful life of its servers and networking equipment, which will result in a $1 billion reduction in first-quarter depreciation expense. Even with this $1 billion benefit, Amazon probably won't have the same profits as it did last year.
It is important to remember that Amazon is an expensive stock. Based on net income for 2021, excluding profits from Rivian, Amazon is trading at about 75 times earnings. The company certainly has some serious competitive advantages, but the growth rate is now in the single digits, and profits excluding Rivian are plummeting.
Of course, one should never underestimate Amazon. But right now the picture is not looking good.
Is the Amazon bull run over?Amazon just had its worst week since 2018. Technically, the structure is damaged whichever way or form you look at at the chart. Double top, huge sell volume, way below all moving averages and closed under 2020/2021 support which makes me look at it all the way from March 2020 lows to see where this could be heading. A long-term TL support was broken in summer which turned to resistance and a resistance TL was formed in July which funnily 'may' provide relief support depending on where we open on Monday. The levels from 2700 to 2790 are potential accumulation zones and unless the company is fundamentally in trouble, which we shall only know about post earnings, I expect the stock to find its ground soon and rally into the remainder of 2022. The stock is extremely oversold and I personally believe Amazon is buyable even at current levels for long-term investors since it's nearly at its lowest price to earnings ratio in the last 5 years. Don't listen to all the perma-bears who think the stock is bloated and heading to 0, they been saying that for the last 20 years.
Amazon PE Ratio as of January 21: 55.81
PE Ratio Range for the past 5 Years:
Minimum: 55.56, AUG 19 2021
Maximum: 303.51, NOV 27 2017
Average: 126.34
Median: 92.71
PTON Peloton potential takeover by Amazon ??Amazon has reached out Peloton about a potential deal.
The Financial Times said Nike is also considering a bid.
Peloton's market value is around $8.1 billion, down from its high last year of $50bn.
Looking at the chart, PTON touched 3 times the buy area of 23usd and just bounced from that support.
My price target is 37usd.
Looking forward to read your opinion about it.
AMZN Overweight rating from JPMorgan ChaseIf you haven`t bought the June 2020 dip here:
Than you should know that on 2/4/2022, Doug Anmuth from JPMorgan Chase & Co. Boosted the Price Target of AMZN to Overweight from $4,350 to $4,500
I think they included a stock split on their so bullish approach though.
Looking forward to read your opinion about it.
Amazon short - Earnings magicThose cheeky accountants huh, who doesn't love them. Hahaha
For real tho, this move will hurt them in the end even more IMO.
That earning report is a joke, for real tho, read it.
How do you justify that collapsing IPO (Rivian) carried this earning report?
Scalling in all the way until 3760 hits - thats where I will most likely lose my mind
But on the other hand 2700 looks like a certainty before 3760.
Yes, the R:R is not great, but I will enter every time I get an opportunity with tight SL until one of those given targets gets hit.
FAANG Dead? The NEW Tech Stock Leaders!With the disasterous earnings of Netflix NASDAQ:NFLX and Facebook NASDAQ:FB this past month it may be time to call for a new acronym of the still bullish and strong Tech Stock leaders of the market: Micosoft NASDAQ:MSFT - Apple NASDAQ:AAPL - Google NASDAQ:GOOG - Amazon NASDAQ:AMZN
Venus And Mars 45 Degree CouplingUsing the Amazon chart, we notice that Venus and Mars couple seems to hug the tops of market structure or the base of an anticipated market move when they are at a 45 degree Heliocentric aspect from one another.
I have used planetary aspects indicator by @NasserHumood . His tools are phenomenal when it comes to analyzing very customized and specific degrees and aspects.
Amazon Analysis 04.02.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
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Amazon: Short Off of Earnings? Amazon - Short Term - We look to Sell at 3230.10 (stop at 3385.05)
Preferred trade is to sell into rallies. Previous support, now becomes resistance at 3200.00. 50 1day EMA is at 3200. The 50% Fibonacci retracement is located at 324.59 from 3762.15 to 2708.83. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 2708.83 and 2635.00
Resistance: 3000.00 / 3200.00 / 3700.00
Support: 2700.00 / 2500.00 / 2200.00
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General lesson + BTC and ETH showing strength Analysis:
BTC bounced off RSI support and is now at a resistance level, ETH and global markets like DOW also jump and showing strength. If BTC hold this level and give breakout many alts will jump 20-25% in the next 2 weeks. Reason for todays bounce back could be Amazons announcement of their Q4 earnings, making their stock rise 17% a day after META dropped, the biggest single day gain in US stock market history.
Lesson part:
BTC dominance has been steadily decreasing but is up a little bit in the last hour or so, and the total market cap is moving up. What does this mean?
If we look at the following rule below we can make predictions on alts on the market direction.
BTC D up + Mcap up = Good for all coins
BTC D up + Mcap down = Good for BTC but bad for alts
BTC D down + Mcap up = Very good for alts
BTC D down + Mcap down = Very bad for btc and alts
Use this rule accordingly.
Trade safely:)
- Seb
AMZN Amazon.com: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Amazon.com, Inc. (AMZN).
The chart is self-explanatory. Death cross on the 1D chart recently occurred. RSI and MFI is below the support line. Keep an eye on the Multi-Year Support Line if price starts to break down.
Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI, Death Cross, Simple Moving Average, EMA Ribbons, Volume.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
I have additional charts below on cryptocurrencies, stocks and more to review. Check them out!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk