AMAZONWhen I made this song, I was at One Sound Studio in Memphis, South Memphis. I recorded “Shotta Flow” there, “Shotta Flow 2” there. That was where I recorded my first song at, actually. The first song I ever recorded. One Sound’s home, pretty much. Minus, he sent the beat to my phone. He did the “Shotta Flow” beat. I worked with him in the past. I was like, “Bruh, this beat a song,”. I was tryin to dissect it. I was like, “What i'mma do wit it?” And I had to just listen ‘til I really found out what I wanted to do with the beat. I usually freestyle on my songs. But I wrote most of this song. I wrote the hook. The hook especially 'cause I knew that was the grabber of the song. That was the part I really, know what I’m sayin’, put my most focus on. When I said, “Before you try rob, hit your knees and pray to Buddha,” -NLE
Amazon.com, Inc.
No trades
Trade ideas
Is the rest for AMZN short-lived LONGAMZN on the 60 minute chart since earnings shows the jump and the sideways consolidation
after that. Here the RSI is superimposed on the chart within its own 0-100 scale. It is currently
in what should be considered deep undervalued territory and at RSI support /demand. The
William's Alligator set of moving averages shows MA compression and so convergence.
AMZN's price is now in a tight range with volatility likewise compressed especially compared
with that at earnings. In short price is coiled, the potential energy is ready to get converted
to kinetic for those who have an understanding of classical physics.
All that said, I see AMZN as ready to roll. I will take long trades in shares and options as
AMZN is ready to hit the ground running.
AMZN Entry, Volume, Target, StopEntry: with price above 147.29
Volume: with volume greater than 63.87M
Target: 168.47 area (this is an area, you might consider existing early if price drops below a significant moving average such as the 20 or 50 EMA. You might also considering holding some portion of the trade longer as price closes above significant moving averages)
Stop: Depending on your risk tolerance; Based on an entry of 147.30, 142.00 gets you 4/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
$AMZN Momentum IndicatorNASDAQ:AMZN Momentum Indicator, strong uptrend conditions. A momentum indicator is a technical analysis tool used to measure the rate at which the price of a security is changing. It compares the current price of an asset to its price at a previous point in time, typically over a specified period. This comparison helps traders and investors gauge the strength and direction of price movements. Momentum indicators are often used to identify potential trend reversals, confirm the strength of an existing trend, or generate buy and sell signals. Examples of popular momentum indicators include the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Stochastic Oscillator.
#AMZN Forming a head & shoulders on the dailyLooks to me like amazon is trying to form this mini Head and shoulders top. Should the neckline at $167.50 break, the target pretty much takes you to the gap close level at $160.00 which is where we gapped from recent results. Recent reports that Jeff Bezos has sold up to $6bn of stock in amazon could sour sentiment slightly on the stock. We also had some bad retail sales for January in the US which could be seen as another negative for the stock.Also note how the MACD is about to roll over here. Aggressive traders could look to pre-empt this and short the right shoulder between 170-171 using a stop loss as a move above 172.50. More conservative traders to look for the break of the neckline at $167.50 in order to enter. Target to the gap at $160.00
AMZN - Update - IH&S building further liquidity for large BOWe are selling in a controlled manner within our teal channel - we broke out this morning initially of that channel and are now looking for bulls to continue to build liquidity within this channel before a larger breakout.
See you there!
Happy Trading :)
AMZN to $1881HR Chart
Amazon ( NASDAQ:AMZN ) has developed a bullish flagpole formation that is more easily seen on the hourly charts. This may serve as a continuation pattern that will launch AMZN to a 52 week high of $188 -- a level that hasn't been tested since July of 2021. Fibonacci retracement levels for the current trading pattern support the $188 ceiling as this value rests near the 168.1% level.
On-Balance Volume (OBV) has a positive slope which suggests that bullish investors are outpacing the bears. I also recently began using the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) indicators. While my experience with RSI and MACD is limited, the RSI appears to be approaching a bearish crossover before the MACD crosses above its signal line. I interpret this as a possible correction to the pennant support line (the 4th leg) with a near immediate recovery.
1D Chart
A share price in the $180s should be carefully watched as this level has been a significant area of resistance in the past. As tempted as I am to suggest it may be forming a double top, the middle trough dipped too low and it appears that AMZN may be trading in a horizontal channel. If AMZN surpasses the $188 price ceiling with significant volume then a 12 month price target of $250 is pragmatic. Should the opposite occur then a 12 month target of $80 could also be expected.
AMZN LONG (Breakout triggered)AMZN today bounced again hard off the 50SMA and the bottom of the channel.
$135.04 key level for NASDAQ:AMZN
As long as it holds that, it's on track to hit 147.69 and 152-156 (channel top) next.
Regardless of SPY/QQQ pullback recently - this has had relative strength and while some like AAPL are losing their status - GOOGL & AMZN have alot of catchup to do.
Originally I went long on this at $100 targeting 135 because of all the put writes. Once we built a base at 135 now continued upside with October and November flow seems likely
The stop loss on this trade is easy - would be a couple of closes under 127.
THE MARKET IS MARKETINGDXY got a shot in the arm so commodities and indexes are falling. Although, I don't know how long it's going to last... Is this the end of the S&P's new all-time high? Will USOIL rise back into the 80's? Market sentiment can change in an instant.
Bitcoin reached 50k and then retreated to 48.4k. It's now consolidating. Maybe we get a pullback to 49.3k or we continue the fall to trendline support at 44.3k. Gold is at a strong support as well around 1992k. I see a potential pullback to 2020k and potentially to the high end of the range to 2060k. If 1990 holds, we can ride the uptrend. If 1990 breaks, and rejects after a retest, we could see 1960 within the next week or two. If gold continues the break below 1925, we could be on the way to 1775k with a minor support in between at 1862.
Amazon (AMZN) Technical Analysis and Trade Idea#AMZN has demonstrated a robust bullish trend, recently leaving a notable price gap between 167 and 162. Given the extended move, a retracement back into this gap appears likely as the market seeks equilibrium before March.
Potential Trade Setup:
- Entry: Consider a short position near the current range high.
- Stop Loss: Employ a stop loss 1.5x the Average True Range (ATR) on the daily (1D) timeframe.
- Rationale: This setup targets potential overextension and aligns with the anticipated price rebalancing.
Important Disclaimer:
This analysis reflects my personal market interpretation and does not constitute financial advice. Always conduct your own independent research and thorough risk assessment before making any trading decisions.
AMZN: Short term bull caseHello,
Looks like amazon want to take off.
It might reach ATH in next coming weeks as FED is in light mood and only stock which did not do well in tech sector.
I think above resistances will be hit one after the other easily.
May be when recession hits in 2024 Q2, it will go towards 82 again.
Cheers,
Happy investing.
Amazon Update: This chart is full of contradictionsAs 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 corrective count, the a wave should have the highest reading on MACD. Until that high, what I was calling the A wave did hold the highest reading. Hence the wrench.
Let's start by trying to simplify this thing. There are three main options for us to chose from.
White count - Price is topping in primary ((B)) wave
Turquoise ALT - Price is topping in wave 1 of larger V
Orange ALT - Price is in wave 3 of i and has a target of $187-$212
The white count is starting to become less and less likely IMO. MACD is the primary reason for this. It is suggesting Cycle wave IV completed on 05 Jan 2023, and is now suggesting we're in a new bull run with the recent high.
Turquoise count is supported by fib levels and somewhat MACD. I am leaning slightly towards the orange count vs this one.
Orange count gets most of its support from MACD. As I have said in the past, MACD usually gives the best hints as to where price has intentions of going. It's no sure-fire thing as no one indicator is. It has been more accurate & insightful than any other indicator that I have used though. If this count is correct, then it suggests we're in a mini-wave 3 of i with a couple smaller 4's & 5's yet to come inching us up to the orange target box. We would then start a wave ii retrace to the $130-$150 area.
As said above, the Amazon chart is very messy right now and not one I am willing to put my resources towards. If you're currently trading it, just make sure you have your stops set to protect your assets. If something crazy happens I will update again soon, but if not than it won't be until next week when I have more data that I will make a post on it again.
P.S: There is no clear winner as of now between the orange and yellow fibs.
Don't forget, beginning February 23rd, I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.















