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AMZN

Amazon downtrend continuation within 3mo long channelShort-term bearish on $AMZN for (3) Primary Reasons: 1) The current price-action puts the candlesticks near the top of a downturn within an established, three-month long parallel downward channel. As the price-action continues to follow this pattern, we should expect a retest or near retest of May 12th and 24th lows ($102.41 & $101.26, respectively). 2) The volume shelves from $116 down to $104 are thin, making it much more likely the price action blows through these and down to the $101.25-$102.50 range. Below this range is the much larger volume shelf from $96-$100. This should be much more protected. 3) Macroeconomic conditions at this moment appear to be "risk-off" and SPY is continuing within its downward trend and looking to retest lows we saw in May between $380 and $385. We have roughly a ~5.25% drop from 401.44 (Thu, Jun 9th close) to the 5/20/22 low of $380.54. In the past few months, a 5.25% drop can happen in (2) trading days, and frequently within (3) trading days, so this move could complete within the next trading week of 06/13/22 - 06/17/22. Personally, I'm a buyer in the $101.50 - $102.50 range. But if you're ultra-conservative, I would plan to buy more @ $96 a share, and even more at $92 a share (this is where the largest volume shelf is going back to 2017, and thus is heavily protected on the downside) and just dollar cost average over the next six months.
NASDAQ:AMZNShort
by PyleStyle
2
Doing the Splits (Amazon)Amazon Short Term - We look to Sell at 136.62 (stop at 146.49) Preferred trade is to sell into rallies. Previous support, now becomes resistance at 137.00. There is scope for mild buying at the open but gains should be limited. The 50% Fibonacci retracement is located at 136.05 from 170.83 to 101.26. Our profit targets will be 102.56 and 91.98 Resistance: 137.00 / 150.00 / 170.00 Support: 115.00 / 102.00 / 85.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:AMZNShort
by Saxo
1
What The Chart Says Upon Amazon's SplitAmazon stock AMZN had started trading with the split-adjusted price around $125 yesterday. The stock split usually increases the liquidity of the shares making it accessible to more investors who are not comfortable buying pricey stocks. Also, BofA Global Research has found that splits "historically are bullish" for companies that enact them, with their shares marking an average return of 25% one year later versus 9% for the market overall. From a technical perspective, Shares of Amazon AMZN advanced 1.99% to $124.79 Monday, however, prices struggled to make it through the $130.00 resistance levels - that represents the double bottom's minimum target - on the daily chart. So, a slight probable pullback is expected to test $122.20 - $119.85 - $119.00 support levels that may serve as an entry points, in order to hit back $130.34 - $135.78 targeted resistance levels.
NASDAQ:AMZN
by AlyaAkram
Markets on uptrend or downtrend for next week?NVDA ex dividend on 8th, AMZN split on 6th with anticipation of more buys going into 6th and 7th like it happened with NVDA split as more puts will come in tomorrow which means rally on 6th and 7th and then sell off from 8th to 10th until CPI data which will create more sell off from 10th-17th due to OPEX on 17th unless CPI is down due to manipulation in readings. Just a speculation theory. I will be looking closely on a confirmed break of 4095 and then 4070 on ES for downtrend or confirmed break of 4165-4171 on ES. IMO. Looks like a very very volatile market for next 2 weeks.
CME_MINI:ES1!
by Jovist
Judgement Week for $SPX $SPY is Upon UsReally not sure what to expect, but the level of bearishness combined with a few gigantic stock splits ($AMZN splits Monday 6/6, $GOOGL 7/15, and $SHOP 6/22) could propel the marketing into the 4400 range. I believe that would be the MAXIMUM pain for bears, then continue down. Reasons for my bullish short tern outlook. 1. $AMZN stock spilt on 6/6 2. Incredible amount of PUTS across the bored leading to a sense of over hedging 3. TTM Squeeze on $SPX daily looks primed to rip towards the upside 4. WeBull comments section is super bearish. lol
SP:SPXLong
by Turkish_007
9
Good time for a Portfolio rebalancing.After a Friday characterized by a choppy market, only to close with a small liquidation at 4107 (futures), indecision still reigns among investors and it is understandable, considering the macro economic data and commodities. My own commodity ETF performs + 156% Normally June is a month of rebalancing, although obviously, we are living in a particular historical period and I don't think I am relieving myself heavily. Interesting week for Amazon (AMZN) with an upcoming historical split of 20/1 that will, in my opinion, lead to numerous purchases on the stock that opens, after years, to small investors. Apple (AAPL) after a good week, closes with a bad day , driven by the market, the upcoming conference and the products presented will be important. Net of market movements related to the Nasdaq or S&P, Apple remains the excellence of American companies, in my opinion so solid that it is considered a new safe haven for long time investors. Happy trading Lazy Bull DISCLAIMER: I am not a financial advisor. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AMEX:SPY
by LazyBull5
AMZN Amazon 20-for-1 Split on Monday, June 6AMZN Amazon was the last giant company which didn`t split its stock. And the $2510 price was somehow prohibitive for retail investors. The 20-for-1 Split will be more retail investor friendly and we could play some options at a decent price for AMZN. Statistically we saw an increase in price of every company that did a stock split so far, so i expect the same for AMZN Amazon. My price target is $2738 or its split equivalent by the end of next week. I see an 11.30% upside from here. Looking forward to read your opinion about it.
NASDAQ:AMZNLong
by TopgOptions
7
$AMZN DOUBLE BOTTOM BAGa real money maker right here boa. $AMZN in a very similar double bottom pattern to previously mentioned charts from $SPY and $NVDA. $AMZN also has a stock split June 6th, stocks are known to run in anticipation to their split and I don't think $AMZN will be any different. Kind of expecting some parabolic price action. My price targets are noted by the green lines; and dare I say $AMZN may begin to fill the gap at around $2615?? I say it's quite possible. Not financial advice
NASDAQ:AMZNLong
by markbully
5
All eyes on $AMZN for split?$AMZN drops significantly after missing the ER a few weeks ago and it gets worse with the market pulling back, taking the amazon down below the 100MA. based on technical indicators; Amazon is in the oversold position and its almost safe to say its a buying opportunity for everyone. especially with the upcoming split in few days. the split will probably draw some attention to investors causing the stock to squeeze to push up. The squeeze to push even higher for the high of the day could be significant as the market attempts to bounce back after 5 days in a row being green, which might have created a bullish sentiment. now, in my bearish opinion based on technical indicators. AMZN is still looking bearish. the stock currently trending below the 100MA, indicating that the stock is still below the bullish side and might take a while to bounce above the bullish momentum. With that being said. here's my possible entry for momentum play or scalp play. For scalp or day trade moves. For calls; buy above 2320.46 and sell at 2380.46 or above For puts, buy below 2291.82 and sell at 2274.46 or below ============================================================ if you swing calls, your next target is 2444.41 if you swing puts your next sell target is.. 2243.0 Welcome to this free technical analysis . ( mostly momentum play ) I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities for day trades or scalp play. If you have any questions or suggestions on which stocks I should analyze, please leave a comment below. If you enjoyed this analysis, I would appreciate it if you smash that LIKE button and maybe consider following my channel. Thank you for stopping by and stay tuned for more.
NASDAQ:AMZNLong
by CHRIS_B58
1