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AMZN

AMZN: A $ 500 REVERSAL ahead? Let's see.Hello traders and investors! Let’s see how AMZN is doing today! Like many other stocks, AMZN is trying to reverse. After finding a bottom around the $ 2,048 (blue line), AMZN bounced and it dropped again to this line, making this a possible Double Bottom chart pattern. This is a powerful reversal pattern, and usually it works very well, when triggered. In this case, AMZN must break the $ 2,316 (red line) in order to trigger the reversal pattern. The red line is the last resistance, and it is quite close to the 21 ema, which is another technical resistance that AMZN must break, otherwise, the bear trend will just persist. If AMZN triggers a reversal, we have two possible targets to work with, in the mid-term. First would be the $ 2,707 area, which was a previous support level, and it could be a resistance in the future, according to the Principle of Polarity. Second, and my favorite one, is the gap at $ 2,806, which I do believe will be filled, eventually. In the weekly chart, we see that the possible Double Bottom chart pattern in the daily chart couldn’t have a better timing. AMZN just hit a very curious technical support level, which is the February 2020 top level, before the crash. In addition to this, AMZN is reacting nicely. So far, we see two Hammers candlestick patterns, with long shadows under the candlestick’s bodies, indicating some strength in this area. For now, let’s wait for a clear reversal, as AMZN could fly roughly $ 500 (or 20%) if we do trigger the reversal we want. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
24
AMZN: ON THE DIVING BOARD.AMZN is currently sitting on a major historical support between 2020 and 2080. I believe it has never been so oversold. It does't mean it cannot go lower. So, will it dive? One thing is for sure, tech and growth are not in favour. You have 3 options here: 1. You think the support holds. Go long. The coming stock split could boost the price. 2. You believe the market keeps on selling. Short it if it breaks the support. 3. Wait for lower levels (1683, 1593, 1346) to go long. Pick your winner. Trade safe!
NASDAQ:AMZN
by Elpidaldo
AMZN - The Jungle Ugly in the extreme. EPS missed the mark and the punishment is extraordinary after the Q4 Short Squeeze - we're seeing price well below 3400... used to SELL SELL SELL. Ouch, effing ouch. Depression, yes, Rexcession entry? crazy talk by design. It's a Depression and has been for some time. Consumption, Savings Real Incomes... yeah screwed beyond. Retracement? Hmmm... Good Luck. Only the FED can save this overpriced Paper. ___________________________________________________ #x Sub Sales Multi, good luck, 20% growth is gone for a LONG LONG time. EL/LA Tiempo reveals Rivian's gains are captured 2021 Q4. $8 Billion write down... some gains. Ouch. Expense Side - Ouch. Net Sales North America - Ouch. The decline in Internation Sales... Only $# Billion from a marginally profitable Business at best. Ouch again. Losing Money, AWS still the story, it's ain't expanding. For now, they have a Plenty O' Cash... for now. CASH FLOW Neggy ... again Ouch.
NASDAQ:AMZN
by HK_L61
2
Amazon 75 Day Target - $2380Amazon is looking poised to trend towards the $2380 level. We could see a jump back to the ceiling of this down-channel, implying around an 8% rise over 75 days. Amazon's ATR has been at an all-time high since 2020, and the stock needs some time to consolidate; however, an 8% move from pre-COVID support levels over 50 days is not entirely unrealistic. Expecting a slow climb to this level and then to test from there. Following upside, levels seem to be $2700 based on volume profile.
NASDAQ:AMZNLong
by hph4045