I have prediction for next stop,But I dont know what future brings us especially in terms of latest news.
But dont count on me, this is not an investment advice
AMZN trade ideas
AMZN still strong but decelerating?I mostly follow tech stocks and am a fairly new charter. I have been following AMZN for awhile and it seemed to develop a nice trend line from May through June. Now the trend seems to have changed angles? Does anyone else see this?
At first I thought it might be related to the interest rate changes but the FOMC held steady on the last mtg and there doesn't seem to be much correlation.
When compared to SPX or DJIA over the last week or so, AMZN seems strong to what almost looks like a reversal (or at least a pullback) in the major indices.
AMZN AnalysisPrice consolidated since my last analysis. No changes to my expectations. Price is well within the current bearish POI where we will wait for a confirmation on the lower timeframe for price to go lower. Potential target for the down move will be the bullish POI at 118.60.
Part 2 Big 6 Tech stocks | QQQ Sp500 Detail Price Trend Analysis- QQQ and SPY shaping up that 4h head and shoulders pattern
- NVDA bear break of that rising wedge
- TSLA looking like a blow off top now
- AAPL strongest tech stock chart still looks perfect intact 2D EMA 12 full bull control
- AMZN still chopping within its zone starting to weaken
- GOOGL formed its first daily downtrend
- MSFT starting to weaken too
Amazon 50 month MAOne moving average I track is the 50 month. this helps to determine whether there is a very long term bull or bear market. Sometimes stocks react to this MA line. In the case of Amazon it looks like price may be respecting this moving average to the downside which seems bearish for this stock.
The Art of PatienceAmong the dozens of qualities and attributes, experts say traders need, patience is one of the most important qualities a trader can possess. It is a virtue often overlooked in the fast-paced world of trading, where new traders are lured into the trap of the get-rich-quick ideology. The ability to wait for the right trades can be the difference between success and failure, but how can we grow our patience?
In this article, we will dive into the art of patience. We will discuss why patience is important and methods to cultivate patience.
Why Patience is Important in Trading
In this day and age, patience is a difficult thing to master. As a society, we almost want things before we know we want them. That makes waiting for nearly anything a monumental burden for most. We are so impatient that we are willing to pay money to remove things that require patience. Ads on video or music streaming apps or expedited package delivery are great examples. However, this does not mean we cannot learn and become disciplined in the art of patience.
Patience allows traders to take a long-term view of the market. That market can be a volatile and unpredictable environment, and the temptation to blindly leap into a trade can be immense if we cannot maintain discipline and patience. Emotional or impulsive trades often lead to losses.
Patience allows traders to wait for ideal opportunities that are thoroughly analyzed, utilizing a robust yet simple trading system. If we as traders take the time to be patient and genuinely analyze potential opportunities we can often avoid trades that are likely to be unprofitable.
How to Cultivate Patience
Patience is not a natural trait for everyone, but it can be cultivated through practice. Here are some tips for building your patience:
Set realistic goals: Patience really requires a long-term perspective. Traders should set realistic goals for their trading strategy and focus on achieving them over time, rather than trying to get rich quick. The old adage of “Rome wasn’t built in a day” couldn’t be more pertinent. Great things take time to develop, but they are often worthwhile.
If you miss, you miss: Something that is difficult for any trader is missing an opportunity. Maybe you were pulled away or just generally distracted, and an opportunity passed by you. It is unwise to hop on the FOMO train in the hope that there is still room up or down for a trade to be profitable. It is far better to take a step back and analyze the market and find new entries or opportunities that can be verified by your system. Missed opportunities are also a great learning experience to build yourself up rather than tear yourself down.
Avoid distractions: Ohhhh look a squirrel! Anyways, the markets can be overwhelming, and it can be easy to get distracted. Examples of distractions would include nonconsequential/irrelevant news, misleading social media posts or groups, and personal environmental factors. Avoid distractions and focus on your trading plan; your future self will be thankful.
Practice mindfulness: Many mistakenly think mindfulness is to make your mind a blank canvas, devoid of thought, and disregarding everything external. Mindfulness is the practice of being present in the current moment, recognizing when your mind wanders, and letting it go as you bring your focus back. View your mind as a muscle that needs to be trained, not entirely dissimilar to an athlete training their body. Mindfulness can help you stay focused and avoid impulsive decisions as you bring yourself to the present moment.
Conclusion
The funny thing about patience is that it takes time to develop. Patience is a foundational pillar for a trader's market psychology, but it is one of the hardest to build up. It allows traders to wait for the right opportunities, avoid emotional decision-making, and take a long-term view of the markets. By cultivating patience and applying it to your trading strategy, you can increase your chances of success.
A bearish crossover in Amazon’s (AMZN)A bearish crossover in Amazon’s (AMZN) MACD suggests a weakening bullish momentum. However, it is too early to conclude a start
of a downtrend. This because a daily close above $127.40 may trigger a trend continuation towards the upside, specifically towards the
$133.50 resistance, last traded on 9 September 2022. In contrast, the trend reversal is likely to come if there is a daily close below $121,
which is around the EMA20 days. Downside support could be seen at $114.
AMZN drop down to move upLooking for a drop down to the support/resistance area for a healthy larger move up
AMAZON expecting bullish push
Hi viewers, AMZN here technicalls are strong bullish push to expect
TP1:115
TP2:120
TP3:123
Technical Levels for $AMZN | Fibonacci & Pivot PointsThese levels are good for swing traders and long term investors.
Second retest failedPrice tried to test the broken uptrend twice but it's been rejected even before getting there the second time. I don't think is going to try a third time.
Amazon W Formation looking sweet to $152.00 About the Co. On the daily Amazon has formed what's known as a Short Formed W Formation.
This is where the second rounding bottom has a HIGHER low than the first.
This is more bullish than a standard W Formation, IMO, because it means the bulls did not let the price get to the previous low.
The fact that the price has broken up and out of the neckline, shows strong buying momentum, which will push the price higher.
Other indicators confirm...
7>21>200
RSI>50 - Higher lows
Target $152.00
ABOUT THE COMPANY
Amazon.com, Inc. is a global technology company focusing on e-commerce, digital streaming, artificial intelligence, and more.
Founding: Amazon was founded by Jeff Bezos on July 5, 1994, in Bellevue, Washington, USA.
First Product: Initially, Amazon was an online marketplace for books.
Name Origin: Bezos chose the name "Amazon" to suggest scale (Amazon River is one of the largest rivers in the world) and because it started with "A," which would appear early in alphabetical order.
Public Listing: Amazon went public on May 15, 1997, and is listed on the NASDAQ.
Expansion: After books, Amazon expanded to sell music, videos, and, eventually, everything from groceries to electronics, clothing, and more.
Global Presence: Amazon operates in multiple countries around the globe, including the United States, Canada, United Kingdom, Germany, France, China, Japan, and India.
Amazon Prime: Launched in 2005, Amazon Prime is a subscription service offering free two-day shipping, streaming music and video, and other benefits.
AWS: Amazon Web Services (AWS), launched in 2006, provides on-demand cloud computing platforms and APIs to individuals, companies, and governments.
Kindle: In 2007, Amazon introduced the Kindle e-reader, revolutionizing the book industry by making digital books popular.
Employees: Amazon is one of the world's largest employers, with over a million employees
Physical Stores: Amazon also owns physical stores, including Whole Foods Market (acquired in 2017) and Amazon Go, a chain of cashier-less convenience stores.
Devices: Apart from Kindle, Amazon has produced several successful electronics, including the Fire TV, Fire tablets, and Echo smart speakers, which feature the voice-controlled AI assistant, Alexa.
Amazon stock screaming BUY MEAmazon annual time frame is indicating a continuation of the trend.
RSI: showing market exhaustion to the downside
Stochastic: showing that the market is oversold and ready to be bought up by the bulls
AMZN AnalysisPrice consolidated since my last analysis. Price has recently took the buy-side liquidity and is unable to push price down. Price could consolidate here for a while until a clearer price action can be seen. But do note that price is within a bearish POI which is still valid for price to continue lower.
Amazon After a great rally Amazon has now touched the previous trend support as reistance. If Amazon fails to break above 130-133 area and close above then Amazon wil see a large pull back from this point. Entry as close to 130 as you can stop yourself above 133 and you may see a very very large bag of profits
Is AMZN approaching strong pressure?Is AMZN approaching strong pressure?
This chart shows the weekly candle chart of Amazon stock from September 2020 to present. The graph overlays the top to bottom golden section for 2021. As shown in the figure, after completing the double top form in 2021, Amazon stock plummeted all the way to the end of 2022, and then completed the W-bottom form! Amazon stock has recently broken through the top to bottom golden ratio of 1.618 and 1.382, and is about to test 1.000! So, in the future, we will use the lowest point of 133.57 in March 2022 as a key position for Amazon stock, and pay attention to whether it can effectively intercept the recent upward trend!
$AMZN are we still long?AMZN completed a 1 for 1 measured move from the angular resistance breakout but there is still some unfinished business to a mean revision of the previous long term bearish trend. Does it have enough momentum to coast the rest of the way? Let's talk about it in the comments.
AMZN Amazon could lose market share because of ChatGPT If you haven`t sold AMZN here for a profit:
Then you should know that the implementation of a chatbot like ChatGPT, powered by OpenAI's advanced natural language processing capabilities, could indeed provide an opportunity for consumers to find the cheapest price online for the same product. In an era where price comparison and cost-saving measures are highly valued by customers, this feature could be a valuable asset for Bing.
Amazon's reputation for having expensive and overvalued prices has been a topic of discussion among consumers. While Amazon provides a wide range of products and convenient shopping experiences, some users have expressed concerns about the pricing competitiveness on the platform. This presents an opening for Bing to attract cost-conscious consumers who are actively seeking better deals.
Furthermore, the concern over the origin of products, particularly those manufactured in China, has gained attention in recent years. Some consumers prefer to avoid purchasing Chinese-made products due to quality, safety, or political reasons. If Bing can provide a search experience that allows users to filter or identify the origin of products more effectively, it could cater to a segment of consumers who prioritize alternative sourcing.
If I had to buy some options, that would be the following puts:
2024-1-19 expiration date
$105 strike price
$4.10 premium
Looking forward to read your opinion about it!
AMZNCurrently rejecting weekly supply zone & 1.618 extension from the c0vid crash. Price target from inverted h&s from November-March is roughly $125 as well. I like the odds of a pullback here.
TSLA NVDA AAPL AMZN GOOGL MSFT|Sp500 QQQ Price Level Trend Guide- CPI Data 830am EST tomorrow
- FOMC & PPI Wednesday
- TSLA side ways tightening range will break tomorrow, 4h 12 EMA full bull control guide
- NVDA bull break from falling wedge
- AAPL likely testing all time high again soon
- AMZN retracing almost all of its drop likely testing its recent high
- GOOGL weakest of the big tech still potential forming a daily downtrend
- MSFT in the middle still has potential to form that daily downtrend but QQQ needs to start its weekly consolidation
- SPY testing 0.65 golden pocket resistance
- QQQ gap filled looking for weekly consolidation soon
AMZN to the downside!I caught this entry in AMZN making a lower high, getting a confluence between 0.618 fibonacci level and daily pivot point resistance. My tarea profit will be on the nearest low.
AMZN to the downsideI caught this AMZN entry making a lower high, got this with a confluence of fibonacci level 0.705 and daily pivot point resistance. My take profit level is on the nearest lower low.
AMZN: Buy ideaOn AMZN as you see on the chart we have the breakout with force the vwap indicator by a big green candle with a large green volume so it's mean that we will have a big probability to have an uptrend.Thanks!
