Amazon has 30-50% upside Amazon has 30-50% upside based on the fact that all the other top tech stocks have made moves NASDAQ:NFLX $APPL NASDAQ:META just to name a few I like NASDAQ:GOOG and NASDAQ:AMZN at these levels
AMZN
4/21 Watchlist + Notes SPY - As mentioned on my list yesterday, I was cautiously bullish going into today due to the fact that we had a 2-2 reversal on the daily. We were not able to break highs of yesterday (Which I credit to bad ER from before the bell on big names like TSLA) and ended up opening lower on the day but fighting our way back up to fill premarket gaps before dropping back down again. Ended the day red with a failed 2D again for the 3rd failed 2 day in a row. Not really sure what to make of this as we head into Friday. We have a failed 2D which tells us we have a potential 2-2 reversal on the daily incoming if we break today's highs. We also could be targeting a 50% retrace of the previous weekly candle as we are currently in a failed 2U on the weekly. I think both upside and downside have potential for tomorrow for numerous reasons so with that all being said, I am neutral going into Friday's session. If I was truly forced to make a prediction on whether we go up or down tomorrow, I would say we have better odds of pushing to the downside. It is still nearly 50/50 in my opinion but for those of you who have experienced multiple friday sessions before, you know that anything can happen. Im open to playing both sides but I think downside does have more potential range if that is the direction we head tomorrow.
Challenge Account + Watchlist:
Value: 46.98 (No Change Today)
AAPL - 3-1 Daily (At top of potential BF so if we break to the downside that would be ideal)
UAL - 2-1 Daily
U - Broadening Formation
Main Watch:
AAPL - Really loving the potential on this play. 3-1s are always fun to play, but looking bigger than just the daily, we have a solid potential BF formed on the weekly. Looking to break to the downside tomorrow to maybe begin a downswing to the bottom of the BF.
Previous Main Watch:
CCL - Loser - broke lower on the daily and hit downside target. Wanted upside
Watchlist Stats:
3/4 SPY Predictions
1/5 Main Watch Plays
Top Winner: TSLA 15%
Personal Stats"
3/4 On the week
Overall: Heavy Green
- Swung T puts into today that ran over 600%
- Swinging ARKK puts for tomorrow and next week potentially
- Been doing 1 play a day and it has been working well
Finish the week strong everyone. Best of luck trading tomorrow!
Everything you NEED to KNOW | $QQQ & Big Tech | KEY RESISTANCE |- Resistance levels for NASDAQ:AAPL NASDAQ:AMZN NASDAQ:GOOGL NASDAQ:MSFT NASDAQ:QQQ NASDAQ:TSLA
- double megaphone pattern on NASDAQ:QQQ likely breaking smaller one tomorrow
- most big techs are trading under resistance expect AAPL if no one follows AAPL its likely coming back down.
- i am more bearish here due to this kind of indecision whip saw sometimes marks a temporary top.
- Detailed Trade analysis of my NASDAQ:SOXX short (in AMEX:SOXS )
$QQQ & Big Tech $AAPL $AMZN $MSFT Future Direction at Resistance- NASDAQ:QQQ gap up double rejection from premarket highs and bear took over first hour then complete sideways into end of day
- NASDAQ:AAPL NASDAQ:MSFT NASDAQ:AMZN all rejection from resistance today. lets see if bears can follow through tomorrow
- NASDAQ:NFLX earning had weak guidance
- NASDAQ:TSLA earnings tomorrow AH
- still holding my NASDAQ:SOXX short ( in 3x AMEX:SOXS )
4/17 Watchlist + NotesSPY - Last week we went 4/5 on predictions with SPY. Friday I said I wanted to see a push higher, which we did end up getting before closing as a failed 2U on the daily. The daily candle was decently neutral, but still is bearish due to it being a failed 2U. Going into Monday, I am hoping for some downside. We retraced over 50% of Thursday's range which leads me to believe we can create a compound engulfing day by breaking Thursday's low at 407.99. I am overall pretty neutral going into Monday because I think we closed strong on the week and could easily test last week's high. I think we have more reasons to be bearish on Monday though, which could make the week play out in a way where we see initial pullback or consolidation before testing weekly highs. At the end of the day, you can't and shouldn't fight the trend, so keep that in mind for the week. As we push into the 2nd half of the month, we can expect price action to be less volatile. I think this week will be very evident of whether we want to push to the 420 area, or begin a larger reversal. With the FED admitting they expect a recession in the fall/winter, I am curious to see how the markets will react as time progresses from now till the end of the year.
Watchlist:
I am starting a small challenge account this week, so the plays on my watchlists will be slightly different than my normal lists and main watches. As always though, I will keep the scanner for weekly and daily setups in the photo on my idea. Just look at potential 3-1 and potential 2-1 to see all setups. With that being said, I will keep an eye on everything on my scanners, but here is what I am specifically watching for tomorrow:
RBLX - 3-1-2 Rev strat - Bullish
PEP - 3-1 daily and 2-1 weekly - Neutral
MSFT - 2-1 Daily + Broadening Formation on the daily: Neutral
KO - 2-1 Daily + BF on daily: Bearish
PG - Same thing as KO and MSFT: Neutral
COST - 3-1 Weekly - Bearish
CAT - 3-1 Weekly - Bullish
Main Watch:
TSLA - Was last Friday's main watch. Never broke out
RBLX - This setup is really good with minimal complaints from me. RBLX has been strong these past few weeks and I think it will continue to head higher. We are also sitting on a long rising trend line on the daily. What I am looking for is for us to break Friday's high and then target the high from last thursday to create a compound engulfing candle. This setup has potential to hit all the way up in the 53-54 range on a larger time frame, but for tomorrow we have solid potential for a 2-3% move on RBLX from entry. I will make a seperate post about RBLX with my charts for it because it would be a lot to explain otherwise so be sure to check that out. My Only concern with this setup is that it may need some pullback further before heading higher to follow suit with the broadening formation. This play will really be dependent on whether we break the high or low of Friday first, and also how much RBLX reacts to market movement assuming the markets follow our bearish bias. Just a few things to consider
Previous Main Watch:
PYPL: Winner. Ran over 250% from entry. Absolute banger
TSLA: Never broke out of 3-1 so now is 3-1-1 setup. Not a win or loss.
Stats From Last Weeks Watchlists:
4/5 Spy Predictions
4/6 Main Watch Plays
Top Winner: PYPL (250%+)
Personal Stats:
2/4 On the week
Overall Green
Kept losses small and wins big. Even with a 50% win rate we were still solid green on the week. Let's do it again this week
Personal Notes from this week:
- Patience is key to success as evident by my trades this week.
- Broadening Formations are incredibly accurate on bigger scales. Cannot recommend researching Broadening Formations enough. They are a cheat code to trading
Amazon is a buy now (NEW)Amazon still in a buy area.
Buy to play the bounce towards the downsloping resistance.
After reaching the target , more downside expected.
Good luck
AMZN - Continued Relative Under Performance Amazon will likely continue to underperform its mega-cap colleagues as the market digests the coming recession (whether it be major or minor). A re-test of the 2019 low of around HKEX:65 seems like it's in the cards for 2023-2024.
AMZN Short Position- Price below the 200 MA, confirming the general downtrend.
- Possible formation of descending triangle.
- Demand for the asset is weakening (see volume, RSI and OBV indicators).
When the price cuts below the 50 MA, the RSI is well below 50% and the OBV is red and well below the mid level, enter short. I prefer to enter my positions with confirmations of indicators, rather formations of patterns.
WARNING: THIS IS NOT A INVESTMENT ADVICE. I'M JUST POSTING MY IDEAS AND IT IS FOR EXCHANGE OPINIONS.
BTC Market Structure Theory 3Saw a bearish tweet comparing the two assets decided to show my perspective of why they are different. let me know your thoughts.
This one is a bit different but fundamentally the wrong area is being highlighted. its tempting to draw the box in yellow on the btc chart however, the amazon chart is highlighting an area where an ATH was formed at the time, to accurately compare this you would draw the same area on BTC using the prev ath at 19k when doing so, you can see the current btc does infect tag the area.
Amazon's Downward Spiral: Is the E-commerce Giant in Trouble?Amazon's stock has been running into the thick cloud of the Ichimoku on the monthly chart, indicating a significant resistance level that may lead to further declines. The Ichimoku is a technical analysis indicator that uses a range of moving averages to identify potential support and resistance levels. In this case, the thick cloud represents a significant resistance level that Amazon's stock has been struggling to break through. This suggests that there may be more pain ahead for the stock, as it continues to face downward pressure.
The first resistance price for Amazon's stock is around HKEX:107 , which is a critical level to watch. If the stock manages to break through this level, it may be able to gain some upward momentum. However, if it fails to break through this resistance, we could see further declines in the stock price. Given the current market conditions and the challenges that Amazon is facing, it seems likely that the stock will face more downward pressure in the coming months. As a result, investors should remain cautious and closely monitor the stock's performance in the coming weeks and months.
Holding strong at the swing high/swing low anchored VWAPsToday's candle is looking similar to the retest of this VWAP zone on March 28th which is shown by the two arrows.
AMZN is Still in a WXY Correction StructureAs we can see in the chart, Amazon(AMZN) WXY correction is in blue and we expect more downside to around $60 only when the wave (Y) in blue and Wave ((II)) in black are complete.
Technical Analysis:
- H1 & H4 Right Side are Turning Down
- Technically AMZN has now 5 waves down and has a strong correlation with NASDAQ - that's why we expect that it extends lower to around $60 where smart buyers will must appear and we'll like to do an edging buy.
AAPL, AMZN, GOOGL, and $QQQ Analysis - Weekly Future Outlook -- AAPL downtrend resistance key level 166.84 zone
- GOOGL closed right at resistance 108.63 zone
- AMZN close at resistance 102.12 zone
- QQQ closed right at resistance zone 317.89 -318.23
- Earnings coming up soon for XLF financial sector
- Sold my SOXS today and took profit this morning back to all cash
$AMZN Daily swing trade order$AMZN Daily swing trader order
Sell order for the day: 112.26
Buy order for the day: 95.64
————
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 : 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.
Amazon -> Bullish Trend ReversalHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Amazon stock just recently retested and already rejected a quite strong previous weekly support zone at the $85 area which was turned strong support once again.
You can also see that from a weekly perspective we do have the possibility to created a double bottom and start a new bullrun from here so I am now just waiting for a break above the neckline at $105, followed by a retest and then more continuation towards the upside.
On the daily timeframe you can see that Amazon stock is already creating bullish market structure, however I am still waiting for a break above the $105 resistance and a retest before I definitely do expect more continaution towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
AMZN - Not a good setupScamazon has to retake $120-126 level to continue its bullish run.
Otherwise, it might go lower. Much lower.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
AMZN Weekly -- Here's one for Bottom Fishers.AMZN just crossed above 50 day EMA, and also has shown A 21/50 day triple exponential moving average crossover, a positive indicator. We have a strong support zone which goes back to 2018 - 2019, which is also the last time the FED hiked rates and then eased off the brakes. Point D is a 61.8 percent retrace, and around 155 - 156 (also a Gann zone). That is around 50-60 percent appreciation, but don't bother with this unless you plan to hold for a long time -- point D may not happen until some time in 2024. I don't normally jump on an equity that sits below the cloud and also below its 52 week EMA, but I feel this is pretty much a no brainer long hold.
Reasons to Invest in Amazon Stock During Turbulent TimesIn recent times, the stock market has been inundated with negative news. Many companies that were once considered resilient have faced serious challenges due to economic factors such as rising inflation, which has affected their earnings and appetite for stocks.
However, there is a glimmer of hope as history has shown that a bull market always follows a bear market. The only unknown factor is the exact timing of this upturn.
In the meantime, it is wise to invest in companies with good long-term prospects. This is especially true for those that have suffered during these turbulent times as they can be bought at bargain prices. One such company is Amazon, which is currently trading at its lowest level relative to sales volume since 2015.
Amazon's success is largely due to its cloud computing business, Amazon Web Services (AWS), which generates a significant portion of the company's revenue. Although AWS is currently experiencing a downturn due to rising inflation, which has impacted its customers' budgets, the company's revenues continued to grow in double digits. As inflation eases and customer budgets improve, AWS will once again be a profit driver for Amazon.
Another reason to invest in Amazon is its market leadership in e-commerce. The Prime membership program offers users fast and free shipping, as well as other benefits such as movies and books. The program has seen positive results, with Prime members increasingly relying on the service for shopping and entertainment. The NFL's "Thursday Night Football" premiere game generated the highest number of Prime registrations in three hours in the United States. This growth in membership should lead to renewed revenue growth once consumer spending starts to pick up.
In today's tough economic climate, Amazon is taking steps to better prepare for the coming bull market. The company is working to improve its cost structure by cutting jobs and increasing its investment in AWS and technology infrastructure. Although these investments are costly in the short term, they will pay off over time, making Amazon a winner in the coming bull market.
AMAZON AMAZON TECHNICAL ANALYSIS:
The possible target is determined based on the harmonic pattern.
Good luck.
Karim Heydari
AMZN - Falling Trend [MIDTERM]- AMZN shows weak development in a falling trend channel in the medium long term.
- This signals increasing pessimism among investors and indicates further decline for AMZN.
- However, the price has broken a resistance level in the short term and given a positive signal for the short-term trading range.
- AMZN is approaching's resistance at 100 , which may give a negative reaction.
- However, a break upwards through 103 will be a positive signal.
- Overall assessed as technically negative for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
AMZN Publish IdeaToday, the market is expected to lower the price at 96.09 to 94.57
The market has made an increase at the highest price, and if the market wants to make an increase, it needs to make 1 decrease in price to expectations.
In wave reading, it is market wave 4
