Amazon / AMZN had a huge price leap after yesterday's earnings release and already crossed over the top of the Falling Wedge pattern.
This is the main pattern despite the fact that a Channel Down potentially exists as the Wedge's Lower High was priced/ rejected on the 1day MA50.
Equally important is the fact that yesterday the price fall stopped a little over...
AMZN earnings today, Thursday 10/26, at 4pm. Amazon (AMZN) reported earnings of 0.63 per share on revenue of 134.38 billion for the second quarter ending June 2023. The consensus earnings estimate was 0.34 per share on revenue of 131.42 billion. The company beat expectations by 57.50% while revenue grew 10.85% on a year-over-year basis. The company said it expects...
AMZN initial target is 121-122 following the earnings report.
Goal target by 11/3 is 114-116
Stop loss is close above 131 - this opens the door for upside to 138
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 120/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
Hello ladies and gentlemen, according to my graphical analysis Of AMAZON stock , there is a high probability of a drop to the 111$ level in the coming weeks .
AMZN just like GOOGL and other big cos are all breaking support levels. This could lead to a much bigger pullback than anyone was anticipating. AMZN could go on to test its 2022 lows...another 30% drop from current prices
The implied move for AMZN earnings is between 111 and 131….
AMZN trades so differently from the other big S&P companies… and It’s starting to look attractive at this level…
Back in August I published an Idea and my buy target was 119… we are 2 dollars away from that target and I think I’m going to start a position again here…. And then average down if we move...
I don't know how many times during 2021 - 22 I heard AMZN will "save the market". I wish I had a penny for each time someone said that. As we all know AMZN didn't save the market. I heard it again yesterday and rolled my eyes.
Anyway. We have an erection (that we know is followed by a correction) right into a double top. (we also know a double top can either...
NASDAQ:AMZN
Trend & Patterns: The stock appears to be in a downtrend, indicated by the series of lower highs and lower lows.
Support & Resistance:
Bearish Line: This line at approximately $124.97 is possibly acting as an immediate support. A breach below this line could see further declines.
Bullish Line: This line at approximately $125.90 might act as a...
Traders need to check weekly charts when considering selling short stocks at this time. Many times there are strong support levels close to the current sold down price action.
The weekly charts also provide more data for day and swing traders to determine the all important RUN GAIN POTENTIAL. This must be calculated before any trade to determine the Risk versus...
AMZN AMAZON is looking forward to reversal towards 132 levels , all condictions is mentioned in the chart ,, trade with care , trade always with confidence
#Amazon - H1
📣 Observing the 1-hour timeframe, with a break of the support level at 123.33, we might anticipate a price decline towards the 118.50 range.
⛔ Stop Loss: 127.00
Ill keep it brief
someone was asking how amzn will do (feel free to ask on certain stocks in the comments i enjoy helping shed light)
NASDAQ:AMZN has reached my supply zone and im expecting it to join the overall
market IN THE RECESSION reason being , being in tech its screwed follow me for bulls in this bear that said what are my targets for this bear
im...
Amazon report their latest earnings next week, with markets looking for fresh insights into US consumption in the face of elevated interest rates. Three months ago, the tech giant managed to blast through estimates, driving earnings per shares into the highest level in six-quarters. That raises question marks over the ability to maintain the upward trajectory as...
W pattern noted. Double top also noted.
Earnings estimated to be on 10-26 which could dictate IF or how far this will fall.
T1 is marked if this continues to fall. T2 is listed in the event T1 is passed and so on.
Flag like structure that is best seen on daily.
Price fell from a bearish rising wedge a while ago.
No recommendation
Daily chart:
AMZN looks like it could bottom at around 127.20 ish (Hopefully). Next stop is going to be around Earnings are coming soon. If AMZN doesn't break out of the 124.85 ish. If that breaks then there isn't a floor until we get to under 100.00. I doubt AMZN goes that low. There will be buyers at 125 with earnings next week on Oct 26th. Earnings can't get here fast...
