Amazon has formed a cup and handle on the weekly.
Current sentiment has turned bullish, yields are pushing lower and seasonals are great too for Amazon at this time of the year.
Fundamentally, AWS is the engine for Amazon and I expect revenue to pick up in that department in the coming months. As for retail, it should steadily deliver.
We need to finish above...
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Over 145 and should see a nice run to 170 resistance. Large accumulation pattern (inverse H&S) with an implied target ~$200 🤯
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Rising wedge here. And severely Overbought on hourly
I'll be looking for a pullback to 132 in the next 3 trading session before a rally up to 145 gap close. Should look like a double bottom pullback. Leg up to 145 holds as long as we don't drop back below 130
The first ;eg of a W pattern pattern is Down.
The last leg, leg 4, is Up.
Valley 2 (V2) is lower than valley 1.
This brings a few patterns to mind as only a few have this scenario.
A Cypher is measured from the top of the 1st leg to the bottom of the 3rd leg (V2) and terminates near the .786. Price pierced the .786 today with a candle shadow.
The Nen-Star is...
Watching AMZN for a potential Inverse Head and Shoulders pattern to develop on the Daily Chart. AMZN sold off pretty hard leading up to earnings on 10/26/23 only to experience a large gap to the upside (represented by the blue parallel channel) to open the session on the morning after the report. The stock had been mainly trading inside a Descending Channel(D)...
2 steps for Bullish Scenario with T1S Indicator:
1. Candles Above the Green Line:
• Check that the candles on the chart are positioned above the green line of the T1S indicator. This could be an indication of bullish momentum.
2. Bars Above Zero:
• Ensure that the bars on the T1S indicator are above zero. This condition might suggest positive market sentiment or...
Amazon's quarterly report provided a ray of light in a gloomy environment for the tech-heavy US stock market, as the NASDAQ index fell last week to levels last seen in May.
→ AMZN EPS: actual = USD 0.94, expected = USD 0.58
→ Gross revenue: actual = $143.5 billion, expected = $141 billion
→ For the Q4, AMZN expects revenue of USD 160-167 billion
→ Revenue from...
Amazon.com, Inc. is an American e-commerce company, headquartered in Seattle, Washington. It is the largest Internet company in the world.Time proclaimed Jeff Bezos, the company's founder, Man of the Year in 1999, in recognition of Amazon's success in popularizing e-commerce.
Amazon (AMZN) made a Channel Down Lower Low on Thursday just before hitting the 1D MA200 (orange trend-line) and following the higher than expected earnings opened Friday much higher. That price jump broke above the September 14 Lower Highs trend-line. The 2nd and final bullish break-out we expect before buying again for the long-term will be above the 1D MA50...
AMZN did great on earnings but its time for a quick drop
1HR
We have Supply Liquidity Heat Zone from $128.30 - $129.84
We have a pivot level from $126.59 - $125.96
Small demand liquidity from $124.79 - $124.50
Demand Liquidity from $119.52 - $117.85
15-30M
Looks like we are starting a trending parallel to the upside
Option Flow
PUTS Below 126 exp...
The e-commerce giant's Q4 revenue guidance also beat Wall Street's expectation.
Shares of Amazon (AMZN 7.49%) jumped 5.4% in Thursday's volatile after-hours trading session, following the e-commerce and cloud computing leader's release of its third-quarter 2023 report.
The gain is attributable to the quarter's revenue and earnings both sprinting by Wall Street's...
