AMZN trade ideas
$AMZN Inverse Head & Shoulders PatternThe stock of Amazon.com, Inc. ( NASDAQ:AMZN ) is currently exhibiting an inverse head and shoulders pattern, a noteworthy development in technical analysis that often signals a potential bullish reversal. For this pattern to be confirmed, it is essential for NASDAQ:AMZN to achieve and sustain a weekly close above the neckline of this formation.
AMZN AnalysisPrice played out nicely according to my last analysis. Price rallied +7.83% into the FVG at 133.72 which then played out nicely to my expectations again into the daily OB at 118.60, giving us a nice -11.99% move to the downside. Price then respected the daily OB and made a clean move to the upside, giving us a +24.83% move. From here, price is starting to lose momentum, and I'm expecting a bearish retracement from here into the discount level.
Amazons future looks to be coming to a closeIts a very tough market to predict with so many economic issues going on in todays world.
I took a chance on this company and held for a long time until recent years.
Cashing out was the smartest decision at the peak of such a long rally.
Nobody is expected to hold forever. Jeff Bezos was cashing out and officially stepped down
so that should of been a signal for everyone to start selling. The future looks dim and overall
confidence in the growth of this company moving forward into 2030's is a big NO...
So the big question is whats next. Will they expand into a new area of the market "possible"
Much debate on the future of Amazon. It got so big and people are cashing out on the gains.
I will be watching for some announcement mid 2024 to mid 2025.
Early signs Amazon bear market continuation. Bitcoin RiseLooking at the overbought stock market Amazon Nvidia and so many others.
A huge money flow wave is about to hit the crypto markets.
Bitcoin
Ethereum
Algorand
and so many other crypto assets.
This is not a prediction.
This is fact.
Do your research and make sure you invest wisely. Manipulating bears have
been speaking loudly to cause fear.
Algorand is the most undervalued token in the crypto market today.
Trust me it is a hot investment right now.
Bitcoin and Ether is dominate but don't put all your eggs in one basket.
Diversify.
I put 1000.00 to 100,000 in each crypto investment i choose.
Bitcoin and Ethereum i trade like gold. Long term investments with large capital.
Don't lose your gains if that resistance is realized. Amazon chart is scary right now.
Nvidia chart is scary too. Good luck
Black Friday Buzz for AMZNThe Giant of e-commerce and AWS for small businesses, which now has AI integrated, is moving up in anticipation of a strong Black Friday for $NASDAQ:AMZN.
The new CEO who took over form Jeff Bezos is doing a good job. As the CEO of the AWS division, he did an amazing job building that division of AMZN. Outstanding CEOs make a company great. CEOs are more important than most investors realize.
Weekly Chart shows that AMZN is about 40 points from its all-time high, so plenty of opportunity for it to move up further from here. The Blue lines indicate levels where Dark Pool buy zones and Pro traders moved in most heavily. These are now strong support levels for the stock.
PICK OF THE MONTHAmazon is getting to buy territory, this is a mean reversion trade.
Good buy now with intention of selling at 120?
I expect the price to drop a bit more but bounce back the blue line as is extremely strong support, and the price should make it to the middle line of the band, that is where profit-taking should take place.
AMZN SHORTS $$$Hi everyone, just here to update you all on what I will be looking for in AMZN next week. Starting on the Weekly we tapped into a key FVG and took BSL many many months ago and have wicked down now near the close of friday. I Have begun looking at opening about 10% of my initial 2% risk per trade. I will add more accordingly based on Monday's opening if given the chance. now on Daily, we have a clear high and as we speak I'm looking for a lower high to confirm! And on the hourly lastly, we have clear breaks of structure in the bear's favor. I plan on holding this til the 140-136 range and scaling out accordingly! god bless and good luck ;)
AMZN SHORTSAs I stated in the picture. AMZN Is hitting a key Weekly FVG. Here i am watching for a 1H, 4H, and 1D swing high with a recent low broken to enter some put options. I will enter and take profits with PDL being taken out. These setups provide between 50-125% profit based on setup and entry. I will continue to update you all as price shoes more confirmation! Like and shoot your questions below!
AMAZON The rally isn't over yet. Still time to buy and profit.Last time we looked into Amazon (AMZN) on October 30, we called a bullish break-out signal, which in two weeks hit our $146.00 target (see chart below):
We zoom out on the 1D time-frame now in order to identify the longer term patterns involved. Based on the 1D RSI which is pricing a Support on the former Lower Highs trend-line, we can see the very same formation on January 18, above the 1D MA50 (blue trend-line). This was also after a break-out above a Falling Wedge, a pattern which formed the market bottom of the Inflation Crisis.
The stock shortly after completed a +39.84% rise and peaked just over the 1.382 Fibonacci extension. As a result, we are now targeting initially 156.50 (1.382 Fib) and early in January 165.00 (+39.84% from the bottom).
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