amazon stock on buy postionwe can enter amazon boy but we must keep the stop under the support shown in the graphLongby MG9391Updated 5
AMZN Update: Big drop incomingIn all the different tech stocks I have been looking at, most of them appear due for a steep correction. This coincides with my thesis for the various US indices too. Looking at this chart Amazon looks like it needs OMH into the 1.618 @ $158.94 to complete wave ((B)) but that is not required. If you are long this thing you are taking huge undue risks for breadcrumbs IMHO. I personally haven't been trading AMZN, but if I was, I would remain flat until we get that next high (if it comes) and be ready to buy puts/short the stock. The next drop forecasting should take us sub $80 at the least. After that, price should soar to all time new highs, but we are a long way off from that. As you see, I have an ALT count on the chart (turquoise label) per the usual. This count suggests wave IV is already over and we're headed to all time new high in this current move higher. With the state of the economy, the limited benefit AMZN offers (convenience only), and the structure thus far carved out, I think this is not very likely. If you know me though, you know I try to track at least two different counts. Amazon is HIGHLY dependent on the supply chain as they are essentially just a middleman. This makes them especially vulnerable to outside factors that are out of their control. The global unrest/geopolitical environment is not good for Amazon and make it a very risky long-term investment if you ask me. Just my two cents as everyone's responsible for their own decisions. Good luck whatever you decide to do with this information.by TSuth6619
Unveiling the Forces Behind $AMZN's 81% Gain in 2023 Amazon (NASDAQ: NASDAQ:AMZN ) quietly emerged as one of the standout performers, recording an impressive 81% gain in its stock value. While the spotlight was often on other tech giants like Nvidia and the AI sector's newfound fascination, Amazon's remarkable turnaround marked one of its best years on record, adding approximately $700 billion in market value. I. Riding the Tech Stock Wave: Amazon's surge in 2023 was not isolated but part of a broader trend in the tech industry. The Nasdaq Composite soared 43%, and the Nasdaq 100 experienced a 54% jump, reflecting the overall bullish sentiment in the sector. The "Magnificent Seven," the seven most valuable tech stocks, witnessed substantial gains, positioning Amazon right in the middle of this impressive cohort. II. Strategic Moves and Profitability Surge: A pivotal factor contributing to Amazon's success in 2023 was CEO Andy Jassy's strategic approach to enhance profitability. The company underwent its most extensive layoff ever, shedding around 27,000 corporate employees, and divesting experimental ventures like the Scout home delivery robot and the Amazon Care healthcare service. Additionally, several Amazon Go stores employing the "Just Walk Out" technology were closed. These decisive actions, coupled with sustained growth in high-margin businesses like the third-party marketplace, advertising, and Amazon Web Services (AWS), led to a remarkable surge in operating margin. In the third quarter alone, operating income catapulted from $2.5 billion in the previous year to an impressive $11.2 billion. The cumulative operating income for the first three quarters of 2023 reached $23.7 billion, compared to $11.2 billion in 2022. III. Continued Focus on Profitability: Looking ahead to 2024, Amazon's focus on profitability remains a core strategy. Jassy's commitment to leveraging earlier investments, such as incorporating advertisements into Prime Video, signals a continued drive to boost the company's profit margins. While Amazon's current price-to-earnings ratio of 75 might seem steep by conventional metrics, the sustained potential for margin expansion justifies the valuation. IV. AI and Future Growth: Artificial Intelligence (AI) emerges as a pivotal growth opportunity for Amazon in 2024. The launch of the Bedrock AI hosting service and a strategic partnership with Anthropic AI, backed by a $4 billion investment, showcase Amazon's commitment to advancing in the AI landscape. Although a breakthrough in AI is not essential for continued success, it could undoubtedly amplify Amazon's growth trajectory. With competitive advantages in e-commerce and AWS, Amazon is well-positioned to thrive in the evolving tech landscape. Conclusion: While replicating an 81% jump in 2024 may be unlikely, Amazon's trajectory points to sustained growth. With a wide economic moat, the company has ample room to drive profits higher, supported by strategic moves, expanding margins, and an increasing focus on AI. Investors should keep a keen eye on Amazon in 2024, as the tech giant continues to navigate the ever-evolving landscape with resilience and innovation.Longby DEXWireNews9
Good long term buy area for Amazon Firstly I should say I am currently very bearish on the macro and expecting lower levels before bouncing next year... However, I cannot ignore this POC level on Amazon, a lot of volume traded around here in the past, so a good chance amazon may at least hold stronger than the rest of the market if we do see more downside. Hence I am taking this as a long to hedge against some short exposure I have in the market.Longby ZenDegenUpdated 5
AMAZON Seasonals.Amazon Seasonals have been Analyzed; from 2014 to 2023. Bullish Month is marked with Green vertical line and Bearish with Red vertical Line.Longby ahmadkhandawar7861
AMZN up again. Similar target $152I'm kind of getting guided with AMZN in my face a bit. So I have to buy it this morning and look for it to go up to that $152 area. Last time it was saying $150, so that helps suggest it's actually gonna get there. I'm hopeful this occurs by next Friday. I have today as a reversal day up in indexes, so that could help.Longby JenRzUpdated 336
AMZN 50 EMA BounceAMZN looking to hold and bounce off the 50 EMA on the daily. Has acted as support in the past, see if the same continues to hold true.Longby SWRLS2
AMZN LONGAccording to the visibility we have a cup and handle situation, a breakout and then back to check support, in addition it is moving in a channel with rising lows, with the entry of buyers it will continue with the possibility of a profit of almost 40%. Neither recommendation nor financial adviceLongby shon12620001
AMZN AnalysisPrice did not play out as analyzed last week. Price head lower to the sell-side liquidity before taking the buy-side liquidity. I'm expecting price to continue lower to take out the SSL in the coming days before we wait for a confirmation for the bullish move.by Keeleytwj3
Long in Amazon"I have recently taken a long position in Amazon stock based on a buy signal from a bullish harmonic pattern. After conducting a thorough analysis of the stock's price movement, I have identified the formation of a bullish harmonic pattern that suggests a potential upward movement in price. This trading decision is based on the expectation that the price will increase as the bullish harmonic pattern unfolds. I have also observed additional bullish indicators that support my decision to go long on Amazon stock. As a diligent trader, I will closely monitor the price action, market sentiment, and relevant fundamental factors to effectively manage my position and make necessary adjustments as the trade progresses. Implementing a strong risk management strategy is crucial to protect my capital and optimize potential profits. However, it is important to note that trading based on harmonic patterns or any other technical analysis tool carries risks, and careful consideration is necessary. I highly recommend conducting thorough research, developing a sound risk management plan, and, if needed, seeking guidance from a qualified financial professional before making any investment decisions." Please remember that this text is for informational purposes only and should not be considered as financial advice. It is always advisable to seek professional advice and conduct thorough analysis before making any financial transactions.Longby JuanHernandez226
The expansion of the fifth wave? five waves up and three waves dHello there, I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones. I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering various scenarios that are likely to occur in the market. Although I'm going to share my analysis with you, please note that I won't be providing a buy or sell signal. My goal is to share my unbiased analysis so that you can use it as a guide to make an informed decision. To give you confidence in my analysis, I'll always share my previous analysis from the same market so that you can compare. All the details of my analysis are clearly labeled, making it easy for you to understand. I hope my analysis will be useful to you in your business journey, and I wish you the best. I'm waiting to hear from you. Finally, I'd like to remind you that like-mindedness and support, comments, and likes are the most important pillars of progress, like support points in the financial markets. They give me the energy to continue and share more ideas with you. Sincerely, by mehdi47abbasi797
Amazon - My Plan For 2024➡️Hello Traders, welcome to today's analysis of Amazon. -------- ➡️I will only take a trade if all the rules of my strategy are satisfied. -------- ➡️Let me know in the comment section below if you have any questions. ➡️Keep your long term vision.by basictradingtv7748
Amazon levelsAmazon needs to close a daily candle above $153.49 to run toward $160. It is currently near the demand zone, we also have strong support in the $146 range. While VIX is in this current range below 14.0 I'll be looking to buy the dip on fundamentally strong stocks with bullish macro technical structures.Longby dharris389582
AMZNbearish divergence inverse cup handle formation double top weekly TF sell limit ideaShortby drsajidawan2
EOY Review $AMZN still some pivots to take out upsideNASDAQ:AMZN another bright green candle on the year it did take out the low of previous year in Q1 by a bit so, strat wise it's a 2 down on the year, obviously bright green is it extended? maybe..... but, the good thing for those with a bullish bias, still 2 previous yearly highs to take out how strong will AMZN be in 2024? Let's seeLongby RobinsOptions4
AMZN AnalysisPrice did not play out to my last analysis, but has built a lot of sell-side liquidity since my last analysis. Given that we are in the premium range, the next target could potentially be the clean highs at 158.65 where price could take before going for the sell-side liquidity. by Keeleytwj1
AMZN Potential INV HSIf AMZN is able to show enough strength to break and hold above 154.36 then she can see a follow through on the current bullish momentum.Longby CJITM3
Continued bull marketHello! I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market. While I would like to share my analysis with you, please note that I am not providing a buy or sell signal. My primary intention is to share my unbiased analysis so that you can utilize it as a guide to make an informed decision. To build your confidence in my analysis, I always share my previous analysis from the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand. I hope that my analysis is useful to you in your business journey, and I wish you all the best. I am looking forward to hearing from you. Lastly, I would like to mention that like-mindedness and support, comments, and likes are the most important pillars of progress, just like support points in the financial markets. They give me the energy to continue and share more ideas with you. Sincerely Longby mehdi47abbasi792212
AMZN forming ascending channel AMZN is forming an ascending channel on daily timeframe. There is no divergence on RSI. Longby sumeedshaiq2
Will Amazon Stock Continue to Rise?Analysts at JPMorgan Chase believe in continued growth in the technology sector in 2024, with a particular focus on Amazon.com Inc.'s stock. The company is showing impressive growth rates in both revenue and net income. Compared to its P/S multiple (capitalisation to revenue ratio), Amazon.com Inc. trades lower than the technology sector, at 2.84 versus 5.38. According to this ratio, the fair value of the issuer's securities could reach 206.49 USD. Therefore, today, we direct our attention to the stock chart of Amazon.com Inc. (AMZN). On the D1 timeframe, a support level has formed at 145.52, and resistance has formed at 154.85. Within the current uptrend, the quotes strive to consolidate above the 149.46 mark, which previously served as resistance. A breakout of 154.85 is highly likely in the future. On the H1 timeframe, long positions may be of interest once the level of 154.85 is breached, with a short-term target of 163.75. In the medium term, it is possible to hold a long position up to 186.67. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.by RoboMarkets6
AMZN: Stock Price Ends Year Stronger Than S&P 500Amazon shares are up approximately 79% year to date in 2023, outperforming the S&P 500. This reflects the company's strong fundamentals: → Amazon's third-quarter results beat Wall Street estimates, helped by growth in its cloud and advertising businesses. According to Barchart, analysts are forecasting AMZN's earnings growth of 35% in fiscal 2024, as well as revenue growth of 11%. → Positive forecasts are associated with the activation of retail trade. In the past three months alone, the SPDR S&P Retail ETF has gained 16.4%, significantly outpacing the S&P 500's 6.8% gain over the same period, according to FactSet data. Therefore, AMZN could benefit significantly from the holiday shopping season. → Analysts are praising the prospects of the Prime platform, which will soon broadcast games involving 40 major league teams in baseball, basketball and hockey. The chart shows that the AMZN stock price is moving steadily within the ascending channel (shown in blue). Wherein: → the price quickly rebounded from its lower border at the end of October - a sign of strong demand; → the price is able to stay in the upper half of the channel, using its median line as support and forming rising lows in December; → at the beginning of the new week, the price exceeded the psychological level of USD 150, setting a high of the year. Now the bulls need to consolidate the progress made and keep the price above the psychological level — it is possible that we will see a test of the USD 150 level, which previously acted as resistance, therefore, there is reason to expect that it will serve as support. It is possible that the bulls will try to update the fresh high of the year. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen1119
Potential for Reversal - Needs ConfirmationA week ago I posted a Bearish Idea for AMZN - the initial target hit. I sentan update going into earnings for shorts to be cautious, here is the updated chart: - Above 126 is near term bullish. Needs confirmation with a break above 129 by 11/3 (needs to break above solid green line in chart) - If we get confirmation, initial upside target is 134 by 11/10/2023 - If initial target is reached then the goal target will be 140 by 11/27/2023 ** If we see rejection in the 126-129 range, and get confirmation with break below dashed blue channel, then the bearish path to 114-116 (from previous post) will resume.by JerryMandersUpdated 9