$TSLA $AMZN $GOOGL $MSFT $AAPL $DOGEUSD $NFLX $SNAP $META #NIFTYNASDAQ:TSLA
Fair Priced.
> 70% down from the ATH
Now opportunity to double the money.
CMP 125$
Target 250$
Duration < 12M
SL 60
RR > 2 time
Return > 100%
Bet is worth taking the risk!
TSLA AAPL AMZN GOOGL MSFT NFLX SNAP META NIFTY BANKNIFTY V JPM GS ADBE
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
AMZN
AMAZON: Testing COVID Crash Lows... What next?Here we are looking at AMZN on the daily TF.
As marked on the charts, we are currently testing the lows made during the COVID crash back in 2020.
While we can’t rule out a breakdown through this current support (bottom green line), we are expecting a technical bounce in the short term off this level.
If AMZN does bounce, we will look for it to move towards resistance (top green line), which has acted as strong resistance in the past (2019-2020).
What do you think will happen? Let me know in the comments!
Cheers!
Amazon | Fundamental AnalysisAmazon is crawling into 2023, and it definitely, like many others, can't wait to turn over a new chapter.
The tech titan is on the way to one of the slowest growth rates in its history. In the first three quarters of this year, the company lost nearly $8 billion in its e-commerce-focused businesses and announced the first major layoffs in the company's history, including 10,000 corporate personnel. Among the units targeted is Alexa, as Amazon is reportedly losing $10 billion a year on this voice-activation technology.
In other words, Amazon is in a strange defensive position after years of capturing market share in industries as diverse as e-commerce, books, cloud computing, streaming video, and digital advertising.
The good news for investors is that these unfavorable factors are probably already factored into the stock price. Amazon stock is down 50% from its peak last year, creating a potential buying opportunity.
Despite the uncertain macroeconomic environment in 2023, there are some grounds to anticipate Amazon's performance to improve.
For starters, it will be much easier for the company to match its performance in 2023. For the first three quarters of this year, revenue grew only 9.7%, and that growth is expected to slow in Q4 when the company forecasts growth of only 2%-8%.
The strengthening dollar has also impacted results this year, but these negative factors should ease next year as the dollar begins to cool after peaking in September.
In addition, the tech titan is likely to see some margin improvement. CEO Andy Jassy is concentrated on reducing or eliminating inefficient projects. In addition to cutting losses at Alexa, Amazon is also closing such ventures as Amazon Care, a telemedicine and personal health care pilot program, Scout, a home delivery robot, and Fabric.com, an e-commerce site for sewing supplies.
The company has also closed or withdrawn projects to build dozens of warehouses, a sign that it overestimated its e-commerce growth trajectory during the pandemic.
Amazon has a number of highly profitable businesses, including Amazon Web Services (AWS), advertising, and its third-party marketplace, which allows the company to receive commissions and fulfillment fees from the thousands of sellers who trade on its site.
Nevertheless, the company's financial performance indicates that it still has a lot of unsustainable spending. For example, Amazon loses money in its international segment almost every year, suggesting that the company may be overextended in emerging and small markets overseas. Similarly, there is a strong argument that the company is spending too much on Prime Video. This year, the company will devote more than $15 billion to streaming -- more than even Netflix -- and Amazon isn't even monetizing that spending directly, using it to boost Prime's enrollment.
Given the company's countless experiments, there are probably plenty of other unfruitful projects in need of cuts.
Looking at the company's cost-cutting and the strength of its high-margin businesses such as AWS, advertising, and marketplace, it's clear that Amazon could be much more profitable than it is today.
Jassy seems to realize the need to improve profitability as it will become increasingly difficult to maintain high revenue growth, given that total revenue is expected to exceed $500 billion this year.
With the stock down 50% and a market capitalization of less than $1 trillion, the stock looks cheap. AWS alone will have $23 billion in operating income this year, which means Amazon stock is valued at about 40 times that amount.
The rebound in business next year will be dependent on macroeconomic conditions, but at the current stock price, the worst already seems to be priced in. Owning Amazon stock in 2023 could give you an easy doubling over the next year or two, and your losses will likely be limited unless the country enters a deep recession.
AMZN: Hit our Target! What's next? (NEW KEY POINTS)• AMZN hit our target at $85, but there’s no bullish reaction on it so far (link to my previous analysis is below this post);
• Both, the 1h and Daily charts look very bearish, as AMZN is just doing lower highs/lows;
• There’s a support at $84.33, in the 1h chart, which could work for a while, but most importantly, if AMZN wants to react, it must break the $85.86 mark;
• What’s more, today it did a Breakaway Gap, and it doesn’t get filled quickly, it’ll indicate a bearish continuation of this trend;
• In this scenario, I see it bouncing to the 21 ema again – this wouldn’t be a bullish reversal structure yet, just a bounce;
• In the lack of bullish reaction, the next support is only at $81. Either way, we’ll have our answer soon. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
Elliott Wave View: Amazon Should Bounce Before downside resumesShort term Elliott wave View in Amazon (ticker; AMZN) suggests the decline from 12.13.2022 peak in 45 min chart, was clear 5 swings impulse lower, which ended ((i)) as the part of wave 3. The current sequence lower is the part of (3) of ((A)) in higher degree started from 11.15.2022 peak. It already confirms lower low in daily, calling for further downside to continue below 12.13.2022 peak. Below wave 2 peak of 96.25, it placed (i) at 90.52 low and (ii) at 93.46 high. Later, it resumes lower to finish (iii) at 87.15 low and (iv) at 89.35 high. Wave (iv) corrected 0.382 Fibonacci retracement against (iii). Below there, finally it ended (v) as ((i)) at 83.41 low with clear 5 internal subdivisions on 12.20.2022 low. Currently, it favors a bounce in ((ii)) in zigzag correction.
AMZN showing a clear 5 swings lower in ((i)) and it expecting to bounce in ((ii)) correction in 3 or 7 swings, which ideally should fail below 96.25 high of wave 2 to see further downside in wave ((iii)) of 3. It favors higher in (a) leg and expect a minor upside to finish (a) before starts correcting in (b) wave. Ideally, it expects wave (b) to hold above 83.41 low to see another leg higher in (c) to finish ((ii)) before turning down. It expects to rally in 3 or 7 swings, which should find sellers for the further downside.
AMZN Buying oppurtunity NASDAQ:AMZN
AMZN returning to some levels we have not seen in a very long time.
good chance to pick up some shares at a decent area where you can manage your position if things go absolutely sideways
just sharing the chart on this one because for this, its all about the levels.
Happy trading
mindset matters
AMZN Potential for Bearish Continuation | 20th December 2022Looking at the H4 chart, my overall bias for AMZN is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 85.88, where the previous low is. Stop loss will be at 103.78, where the recent high is. Take profit will be at 69.43, where the -27.2% Fibonacci expansion line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Amazon.com Inc. (AMZN) - 12/20/2022Business Side
Amazon.com secured a 5-year contract worth 700 million USD to provide cloud services to the United States Department of Navy.
Support Price Currently Being Tested
In my view, this is positive news for the traders of this stock as it tries to re-test its one-month support level of $86/share. A confirmation of this support line may fuel another upside of this stock to 121.35
Short setup in Amazon. Target - 1600+ zoneEWT wise Amazon is building a tradeable short setup in 1-2 / 1-2 fashion. I expect a retracement to 3200 area to complete wave 2 of circle 3 of wave A. It may take up to 2 weeks to complete wave 2. Demand zone for the whole wave A resides in the area of wave 4 of the larger degree (blue area on the left side).
AMZN Potential for Bearish Continuation | 20th December 2022Looking at the H4 chart, my overall bias for AMZN is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 85.88, where the previous low is. Stop loss will be at 103.78, where the recent high is. Take profit will be at 69.43, where the -27.2% Fibonacci expansion line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AMZN Amazon Technical ReboundIf you haven`t sold Amazon`s slowest growth since 2001, with EPS far below analyst predictions:
Then you should know that a technical rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold.
In this case, the Relative Strength Index momentum indicator of AMZN is close to oversold level.
Even though i am overall bearish on the economy, buying a strong financial instrument when the RSI is below 30, would make a case for a potential short term reversal.
The chart is self-explanatory.
Looking forward to read your opinion about it.
Amazon (AMZN) Continues the Bearish Elliott Wave Sequence LowerShort term Elliott wave View in Amazon (ticker; AMZN) suggests the decline from 12.1.2022 peak is in progress as a 5 waves impulse. Down from 12.1.2022 peak, wave ((i)) ended at 94.92 and wave ((ii)) rally ended at 96.45. Stock resumed lower in wave ((iii)) towards 87.90 and wave ((iv)) correction ended at 88.88. Final leg wave ((v)) ended at 87.45 which completed wave 1 as the 45 minutes chart below shows. From there, wave 2 corrective rally ended at 96.26. Internal subdivision of wave 2 took the form of a zigzag Elliott Wave structure. Up from wave 1, wave ((a)) ended at 91.39, wave ((b)) ended at 87.87, and wave ((c)) ended at 96.26.
Stock resumed lower in wave 3 with internal subdivision as an impulse. Down from wave 2, wave (i) ended at 90.52, and rally in wave (ii) ended at 93.46. Stock then extended lower in wave (iii) and should complete with a few more lows. The stock should then bounce in wave (iv) before another leg lower in wave (v) to complete wave ((i)) of 3. Near term, as far as pivot at 96.26 high stays intact, expect rally to find sellers in 3, 7, or 11 swing for further downside.
AMZN: Next support + KEY POINTS to watch from here!• AMZN is correcting, and there’s no bullish sign indicating a reversal or a bottom on it yet;
• Even if it does, the 21 ema is a persistent resistance, and AMZN can’t trade consistently above it since August;
• In addition, pay attention to the $101.90 area. This seems to be a key point, as it worked as a support/resistance multiple times recently;
• Only if AMZN breaks this key point I see a true reversal on it;
• For now, it seems it is just seeking the next support around $85.
Remember to follow me to keep in touch with my daily analyses!
Make or Break Elliot Wave Count: The capitulationUpdate on my previous idea.
It's still make or break for the bear market right now. Personally, I don't see us breaking out of the downtrend. But a fake-out was always possible, and this seems to be what we got following softer than expected inflation data.
Note that this technical analysis is a small part of the bearish case.
The wider macro-economic environment bear case speaks for itself. And in my opinion, nothing has changed. The fed remains hawkish and monetary policy remains contractionary. Recession indicators have clearly rung their alarm bells.
I also don't think the 'fed pivot' is the ticket out of here - history shows that more downside follows in the stock market even after the fed pivots - this is because the effects of their policy decisions don't change overnight. Economies take time to respond.
To conclude, I think there is still downside in the SPX, as shown in the chart. But, if we break out of the downtrend line with conviction, I would reassess. But I do think we are still to see the full effects of contractionary monetary policy in earnings and employment figures. But we shall wait and see.
I'm long volatility via VIX Call options and CFDs.
What do you guys think?
*not financial advice.
SPX /S&P 500 📈Top 3: AAPLE, MSFT, AMZNHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
If you're into stonks, today's update is for YOU. Cryptocurrencies are the largest part of our focus, but that doesn't mean we don't consider other markets suck as Forex, commodities and stocks. So today, let's take a look at the SPX / S&P 500 :
The top 3 stocks in the SPX by weight are :
1) Apple Inc. / AAPLE weighing 6.488138
2) Microsoft Corporation / MSFT weighing 5.52972
3) Amazon.com Inc. / AMZN weighing 2.386112
To put it into perspective, number 500 on the list is DaVita Inc. / DVA weighing only 0.012525. (There are actually 503 stocks in the S&P500).
From the above, we can clearly conclude that what happens in those 3 markets, especially AAPLE, holds quite a lot more weight than the rest. Taking a look at AAPLE from a Macro perspective, the chart seems to be in trouble. A very clear Wyckoff Distribution Phase is about to form:
On the Microsoft chart, thins are not looking rosy either. Infact, it seems as though we have just finished the low volume rally, meaning distribution phase in full force is up next:
AMZN is the only chart of the Top 3 lookin remotely bullish, seeming to have completed a full Wyckoff Method Cycle. Next up would be accumulation phase which involves range bound or sideways trading :
The S&P 500 index is a great way to diversify your portfolio and so manage your risk. It consists of most (but not all) of the largest companies in the United States. The S&P market cap is 70% - 80% of the total US stock market capitalization. It is a commonly used benchmark for stock portfolio performance in the US and abroad. Beating the performance of the S&P with less risk is the goal of nearly every portfolio manager, hedge fund and private investor/speculator.
Interested in Cryptocurrencies? Check out this bullish idea on Litecoin :
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AMZN 20 Years Long Uptrend - Targets 68/72, Then LowerAMZN Enjoyed a massive bull market for more than 20 years until April 2022 when this massive uptrend failed.
The uptrend ended and the bear market has been fully confirmed.
Now, how much lower can it go?
Mid-term (1-3 months) we are seeing the 72-68 range as the next and main support target.
By June/July next year (2023), it can go as low as 41, depending on how things develop of course.
The last mayor correction lasted about 1.8 years from top to bottom.
This would put the next bottom at around mid 2023.
Namaste.