NASDAQ:AMZN rebounded off a gap up support level which implies that this is where fundamentals are likely to be. The stock's price shows resilience and no HFT interference for now, even after the Q1 earnings report after market yesterday. Amazon has more than just its retail consumer and small business products. It has AWS with AI integrated to help the small...
Good to long here with a big stop loss. Fingers crossed!
Amazon announced its earnings for the first quarter of 2024 yesterday after the closing bell. The company reported net sales worth $143.3 billion, marking a 13% YoY increase, and net income of $10.4 billion, up 225% YoY. Operating income rose to $15.3 billion, representing a growth of 218% YoY, with the AWS segment contributing $9.4 billion to the figure and...
Amazon is observed to fall after the formation of a whipsaw. Amazon shareholders should be careful. There will be major events such as the FOMC meeting soon, so there is nothing to be sorry about.
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In a whirlwind of earnings reports, Amazon.com ( NASDAQ:AMZN ) managed to dazzle investors with a stellar performance in the first quarter, even as concerns linger over its cloud-computing growth trajectory. The e-commerce giant reported a 13% surge in first-quarter sales, reaching $143.3 billion, surpassing Wall Street's expectations. Bolstered by strong demand...
Sharing AMZN chart from the TTR We are short as of high of the day AMZN reports after the close The price has re-tested the broken ending diagonal channel from below, a bearish signal by itself. I will take one lotto put. Implied volatility for AMZN stock is about 8% in either direction
As Amazon gears up to announce its first-quarter earnings for 2024 after today’s closing bell (April 30th), traders are poised to capitalise on the potential volatility and opportunities that this news event may bring to the market. Let's delve deeper into what investors can expect from Amazon's Q1 earnings by examining market expectations, growth drivers, and...
Reasons Why !! Key Financial Insights: Stock Price: Amazon’s stock reached a peak of $189.77 on April 11, 2024, showcasing a remarkable uptrend1. Market Performance: The company’s strong market performance is evident as the stock price hovers close to its 52-week high. Behind the Surge: Amazon continues to dominate the e-commerce space with innovative...
Market Sentiment and News: AMZN has recently made headlines with a record number of same-day and next-day deliveries, an operational milestone that may reflect positively in investor sentiment. With the earnings report slated for tomorrow, the market's focus is honed in on Amazon’s financial health and future guidance. Price Action Analysis: Over the recent...
Upside Targets: * 180.85/182/183.6 Downside Targets: * 179.85/178.5/178 Daily Trend Tracker - *AMZN- Bullish *DXY - Bullish - *VIX - Bearish - *US10Y - Bearish
What Are Cyclical Stocks? Cyclical stocks are well known for ebbing and flowing with the rhythm of the economy. These stocks, a reflection of economic trends, demand a keen understanding of how various sectors react to changing economic conditions. This article delves into the world of cyclical stocks, offering insights into their nature, impact, and strategies...
upsidedown chart on amazon shows an HS with the right shoulder just retrced at 0.618 with extension on possible new all time hight
Last week's candle seemed like the Amazon ride might be over for good. This week bulls attempt a heroic reversal. Test on weekly 20 EMA/ mid Bollinger band and getting support there is kind of a big deal. However, there is a MACD bearish cross on the weekly, along with resistance right on the mid Bollinger band on the daily time frame (not on this chart, but it is...
Amazon (AMZN) has broken and closed below its 1D MA50 (blue trend-line) for the first time in 6 months (since October 27 2023). Last time this happened, the stock had already begun the 2nd Bearish Leg (-18.83% decline) of the 2-year Channel Up. As a result, there's a real possibility for the stock to reach as low as the 0.382 Fiboancci retracement level and the...
In Apr 22, had you waited 3 months for the gap to be filled up, your joy is short lived as it quickly plunge down more than 40% until Jan 23. In Oct 22, the same thing happened. You went long and it quickly fell 20% until Jan 23. Very few people would have known the bottom was in Jan 2023, all these are on hindsight and then you go :"Had I known, I would have...
After a nice move up amazon came to the resistance line. Where can we see support here?
Amazon looking bearish and forming a bear flag 🐻 🚩 After its breakdown ⤵️, now with the bear flag 🚩formation shorting it is a high probability winning strategy 🧭 Mapped out our price targets and predicted price movement 👇