As the title suggests, this chart is not being friendly right now to say the least. I apologize for the messy graph, but there is so many possibilities right now it's ridiculous. The thing that is throwing me off, and making it hard to narrow down a count, is the MACD. The fact that it made a new high on 02 Feb really threw a wrench in things. Normally in a...
Amazon.com's ( NASDAQ:AMZN ) iconic founder Jeff Bezos recently offloaded approximately 12 million shares of the tech behemoth, amassing a staggering $2 billion in the process. This significant divestiture, disclosed in a regulatory filing last Friday, marks the commencement of a meticulously planned sell-off strategy laid out by Bezos himself, raising eyebrows...
Spanish High Court has decided to suspend fines totaling 194 million euros imposed on tech giants Amazon ( NASDAQ:AMZN ) and Apple ( NASDAQ:AAPL ). The fines, initially levied by the Spanish antitrust watchdog CNMC (Comisión Nacional de los Mercados y la Competencia) in July, are now pending appeal, marking a temporary halt to what has been a contentious legal...
Amazon should be resuming upward targeting 175, breaking support at 167 will invalidate and falling back to 162. With recent strong earnings, strong conviction of upward momentum.
My dowsing is in my face yesterday, and a lot today about AMZN going down. This comes repeatedly as I ask "what's most important for us to know or pay attention to?" It's AMZN 3 different times and yesterday as well.
I have a high of $158-59. Not actually sure it'll hit, but the r/r is good. Watch for the time today of 1:40-:50 as a possible entry.
I am asking...
Amazon's Strategic Investment in AI: A Path to Growth
As the race for AI dominance intensifies, major tech giants are making substantial investments in AI startups. Amazon, with its vast financial resources, recently committed $4 billion to Anthropic, the creators of AI assistant Claude, in a deal that positions Amazon Web Services (AWS) as Anthropic's primary...
Hello Traders, welcome to today's analysis of Amazon.
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Explanation of my video analysis:
Starting in 2018 Amazon created a decent bullish triangle continuation pattern and after the breakout Amazon pumped more than +70% towards the upside. Then with the 2022 bear market we saw a quite harsh correction and a perfect retest of previous support. If...
As always, I have been tracking an ALT count along with my primary. After the release / reaction to the earnings report, it makes my ALT much more likely than before. The main reason I say this is due to MACD. With the recent strength of the rise in price, it caused MACD to make a new high. It hasn't breached the previous high MACD made during wave III, but it did...
The Butterfly pattern is a reversal pattern composed of four legs, marked X-A, A-B, B-C and C-D.
It helps you identify when a current price move is likely approaching its end. This means you can enter the market as the price reverses direction.
The above chart is a bearish version of the pattern, where you would be look to sell AMZN after the pattern has...
After Thursday's close, another corporate giant reported fourth-quarter 2023 activity.
Amazon's actual numbers exceeded analysts' expectations. And while actual revenue (= USD 169.96 billion) was close to forecasts (expected = USD 169.92 billion), the reported earnings per share were a surprise (actual = USD 1.00, expected = USD 0.795).
Bloomberg names the...
In a recent filing with the Securities and Exchange Commission (SEC), it was revealed that Jeff Bezos, the executive chair of Amazon ( NASDAQ:AMZN ), plans to sell a substantial portion of his Amazon ( NASDAQ:AMZN ) shares over the next 12 months. The billionaire founder's decision to part ways with up to 50 million shares has sparked considerable interest and...
Analyst: Shane Hua (CEWA - Master Candidate),
Since the low of 81.43 I started to see the Bull market move higher, and there was no doubt that this was an Impulse wave. I would like to see Amazon continue to rise even higher.
Here is my forecast:
Bottom line: Amazon will continue to move higher with the 5th wave.
The big context shows that the Bull market is a...
Analyzing the options chain and the chart patterns of AMZN Amazon prior to the earnings report this week,
I would consider purchasing the 160usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $19.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AMZN
price is forming a Bullish Head & Shoulder pattern.
and RSI also made a break of the descending trendline
If we look at weekly chart, price is moving in an ascending channel moving upwards, and price is also above support
If we look at Monthly time-frame, price broke above trendline and is moving upwards
Trade Wisely
*The content on this analysis...
Amazon stocks are going up this year with solid 52.29% year-to-date gain, that is currently the 9th largest YTD result over all components of Nasdaq-100 ( NASDAQ:NDX ) index.
Work hard, Have fun, Make history - And You're Done! - This is the official tagline of Amazon in 2023.
The slogan refers to Amazon’s dedication to innovation and service enhancement....
