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AMZN slowest growth since 2001 EPS far below analyst predictionsIf you haven`t bought this bounce: then you should know that AMZN revenues rose 7% in the first Q of the year to $116.4bn, slowest growth in two decades! Earnings per share (EPS) were -$7.56 vs $8.55 analyst predictions, first quarter it has posted a net loss in at least four years. My price target is now the $2400 support, with a possible bounce by the end of the year due to the stock split enthusiasm. Looking forward to read your opinion about it.
NASDAQ:AMZNShort
by TopgOptions
3
AMAZON (AMZN) TA SCENARIO IDEASo I did a technical analysis on NASDAQ:AMZN and here is my idea/point: Bearish: (not perfect) hammer candle followed by a bearish confirmation Stock in a clear downtrend Ema not showing any trend reversal sign or upwards correction ( no crossing movement) AMZN broke a strong support level Bullish: RSI showing a very Strong Support, so Price may bounce off ( MAY ), we need confirmation in the following Week/Days, I'll update the idea For me, the stock is showing a lack of bullish signs and is therefore bullish, BUT wee still need confirmation on the RSI support Bounce-off/breaktrough. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ If you enjoyed this post and agree with me, a like and a sub would be very nice : ) Stay updated for more content Have a nice Day : ) Bye! ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NASDAQ:AMZNShort
by xtekky
4
AMZN inside the range.... again.Today we will take a look at AMZN. Since September 2020, the price has been moving inside a 20% range approx. That means a little bit more than 500 days there. Why is this interesting for me? Because from long periods of consolidations is where we tend to observe the beginning of new trends. I'm not saying that trend is starting right now but let's take a look at this: Here we can see AMZN on the logarithmic chart so we can have a good perspective of all the movements in terms of percentage movement. I have defined ALL the corrections going from 280 days to 500 plus. And as you can see, this situation has already happened in the past, so my main hypothesis would be: "This is AMZN, not PTON, they have a solid moat, and I expect this company to make new bullish movements in the future. Someone could argue that MSFT, a solid company in 2001, spent almost 16 years on a drawdown, and that would be extremely valid. However, that's why I'm looking for a setup here and not to invest. So what's the setup I'm thinking about? I think it is highly possible that the price reaches the major support of the correction one more time. From there, I would like to see the price action to confirm a possible reversal movement or a bearish breakout. However, if I observe reversal signals and then my filters are fulfilled, I think it may be an interesting level to develop setups and try to be part of the next bullish movement from an early stage that provides a great risk to reward ratio (higher than 5) At the moment, I will keep waiting for the price to reach that level before thinking of any new setups here. Thanks for reading! Feel free to share your view in the comments.
NASDAQ:AMZN
by ThinkingAntsOk
5
Bullish perspective on AMZN | My current setup. Today we will speak about AMZN, the bullish view, and my current setup. If I have to define my trading style, I will describe it as a swing breakout trader. A basic explanation on the way I trade would be described like this "Impulses tend to come from consolidations, so if I'm able to identify formed consolidations on an advance stage, I can start thinking in setups around the breakout on those early signs that a new impulse may be starting. Like any trading strategy, sometimes I'm right, others I'm wrong (i would describe this as 50% of the time), and the standard deviation on the wrong side can be around seven consecutive stop losses. And the last detail you need to understand in this style is the average risk to reward ratio (2) With all that said, let's take a look at AMZN: The price has been moving sideways for 469 days, On a compressive triangle pattern. We have observed 2 breakouts attempts without observing the real impulse yet. Based on previous situations where we can see the price moving similarly, the sequence I have observed is breakout followed by a correction followed by the new impulse coming. Currently, we are observing clear similarities with the previous correction in terms of formation size and time. That's why based on statistics; I'm beating on the repetition of this situation; in the next picture, you can see my current setup that was executed on the breakout of the retest (big structure) I'm currently risking 3% of my trading capital on the stop-loss. The idea is clear IF the price goes below 3160, I'm out of the trade; if that doesn't happen, I will keep holding my setup until I see the price on 4822 / Final risk to reward ratio: 3 Thanks for reading! Feel free to share your review in the comments.
NASDAQ:AMZNLong
by ThinkingAntsOk
1
Breakin Ranges on AMZN, can we expect a repetition?Today, we will speak about the current situation on AMZN - The price has been trading inside a range from September 2020 until July 2021 where we observed a Breakout. -Currently, we can see that the price re-entered the broken range. What can we expect from here? KEY IDEAS: -From a technical perspective, it's extremely common that after daily breakouts (structures with a duration higher than 100 days), we observe a throwback (or a retest). As you can see on the previous range, we saw the same sequence. -It's commonly accepted that the target of broken ranges is at least the size of it on the broken direction (we can see some notes of this idea on Wykoff Theory). That is the minimum target that we should expect. With all that clear, let's go to the interesting thing, what is our view on this? IF the price breaks the descending trendline of the current throwback and reaches our green activation line, we will take that as a confirmation of the bullish movement towards the minimum target, of course. At those levels, you should be protecting your capital by moving your stop loss to the entry-level (that is what we do). From there, we want to let the price keep going up towards the final target at 4700 Let's speak about the stop loss and risk: -IF the entry is executed, we always set our stop loss below the throwback, and we use a risk between 1% to 2%, never more. -IF the entry is never executed and the price keeps falling, and we lose acceptable risk-reward ratios, we will cancel this idea. -IF everything goes as expected, we think this movement can last 150 to 200 days Thanks for reading!
NASDAQ:AMZNLong
by ThinkingAntsOk
5
Amazon Taking Off Like Jeff Bezos!While Jeff Bezos is flying rockets to space his company appears to be setting itself up for its own take-off. If we look back at this stock, we can see that price was in consolidation from September 2020 following a 116% bullish run from March 2020. Such a strong move was likely to cause long-term sideways movement as the market would have become exhausted from strong buying. The consolidation period went from September 2nd 2020 until the breakout on July 6th 2021. Price then broke out with a large bullish candle. Despite such a large breakout candle, this could have still turned out to be a fake breakout, and price could have returned back into the consolidation zone. This is why we wait for confirmation. Price appears to be in the process of confirming a continuation of the bull trend. The move up following the breakout has now seen price pull back to the resistance turned support at $3552. This level of support has held up so far, and the 20 simple moving average reinforces it. So both indicators have worked together to hold price up from declining further. Price has since bounced from support and looks set to make its way towards the all-time high at $3773 from the high of July 13th 2021. If price successfully breaks and closes above this level then this will be our confirmation of the bull trend continuation and we may even see a move above the $4000 round number. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NASDAQ:AMZNLong
by Sublime_Trading