AMZN has formed a bullish base a is finishing up its sign of strength, however, expect it to get hit post-earnings.
Near-term bearish with target 97 by 2/15/2023
If it finds support there it will markup to 120s by April 2023.
Looking at the H4 chart, my overall bias for AMZN is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a pullback buy entry at 98.68, where the 38.2% Fibonacci line is. Stop loss will be at 91.54, where the previous swing low is. Take profit will be at 121.31,where the previous swing high is.
Any opinions,...
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fundamental issue
job cuts
company stability
underpaid
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This is an update to my August 8th sell publication.
A sell recommendation...Appears to be a common theme among retailers...
As you can see there was a breakdown through the white median line on October 28th.
I believe we are now in the middle of the "C" wave with a downward acceleration about to commence.
My price target is in the mid 50's area... TBD....
106 is the magic number for me on AMZN - both daily BB and structural trendline resistance is there and we have steep hidden bearish divergence on the daily charts (yellow lines on price and rsi). AMZN doesn't always get to it's BB but I think this time it will, we'll see. Either way, I think it pulls back from there. 106 can be reached with FOMC reaction or with...
Hello,Traders!
AMAZON is again retesting
A strong horizontal resistance
From where a local pullback
Is likely to happen
Sell!
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Price trading inside 3M resistance zone. However there are still 2 months to go to close the 3M candle. Therefore price can be a bit insensitive towards that resistance and continue to move higher.
However, the weekly resistance above definitely going to pose challenge for the price. This also coincides with the downward trend line the price has been push against...
These are levels that I'll be keeping an eye on when dealing with AMZN, and I'll revise as price action progresses.
I adapt to the change in money flow.
Fundamentals: "Monday marked the first trading day following Amazonβs (AMZN) 20-for-1 stock split that the company announced on March 9. Amazon shares were revalued to $120 per share, after trading well above...
Nice long-term level. Pretty double bottom. R:R is good! CPI is this Thursday. I'm sure that will impact AMZN. But even if someone is picking up small size here, it makes sense. :)
January has been historically a good month for stocks as some investors reenter the market after selling some of their holdings at the end of the year. The bullishness at the start of each year is dubbed the βJanuary Effectβ.
On January 6, US stocks staged their first big rally of the year, with the Dow Jones Industrial Average closing 2.13%, the S&P 500 jumped...
Amazon is a company I frankly do not like anything about. I feel it's like the North American version of the Chinese Communist Party's Aliexpress and roughly exists to rely on a network of fake reviews to push junk made in the CCP's factories through North America for the purposes of letting the Party keep people employed so they don't rebel and to allow the...
Amazon - 30d expiry - We look to Buy a break of 105.11 (stop at 98.39)
We have a Gap open at 28/10/2022 from 110.96 to 97.91.
Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Prices have reacted from 81.43.
Short...
The Weekly Chart of AMZN shows that the stock has dropped into a strong support price level with a risk that there could be a Dark Pool Buy Zone here. The share price is now below fundamental values.
With a month before AMZN reports earnings, it will be interesting to see how the stock behaves; it will reveal how well AMZN is recovering from the hyper revenues...
Not a whole lot of commentary on this. It looks like we are in a wave 4 of 5 of a higher degree 3rd on Amazon. I would look for a buy opportunity if it hit those confluences around $60-65. Would look at a possible 5 of 3 inbound at that point.
Just my perspective.
both Amazon and Apple are making very bearish reversal formations which might drop drastically the price to a new low on a big TF, Daily. Remember it's a mid to long-term view; therefore, it could be invalid. However, these are well-known wave structures, and they are accurate most of the time, but certainty does not exist in charts of course.
Amazon to retest the 1.618 before moving higher.
Financial report didnβt not help the stock to break out. Time to short and see where the bottom might be.
![AMZN: [Amazon] very bearish](https://s3.tradingview.com/d/D7CAQn1S_mid.png "[Amazon] very bearish")
