Amazon's earnings are coming out today after the bell. With consumer spending on the decline and key supports at $171, $165, and $161 potentially filling the February 24th gap, the stock faces crucial thresholds. A positive earnings report could propel the stock upward to around $185.
Was waiting to see if the blue curve holds in this project in order to decide to post these simulated projections that take into account potential pivot points, reversals, or zones for support/resistance and BREAKOUTS... in either direction, even though I am slightly bullish biased on this one.
I have this scenario in mind where this could find support...
✅AMAZON broke out of
The rising narrowing wedge
And the price is now going
Up in a rebound to retest
The broken levels above
But I am locally bearish
Biased and I will be
Expecting a further
Move down
SHORT🔥
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Amazon has had an incredible run. It's moved from $118 to $188 since November 2023.
But now it looks like the momentum is starting to slow down.
We haven't got a confirmed signal but we see a slow down in buying and the market is at the bottom of the channel.
There is still a gap to close and for the this reason, I'm anticipating a fall in Amazon in the next...
NASDAQ:AMZN rebounded off a gap up support level which implies that this is where fundamentals are likely to be. The stock's price shows resilience and no HFT interference for now, even after the Q1 earnings report after market yesterday.
Amazon has more than just its retail consumer and small business products. It has AWS with AI integrated to help the small...
Amazon is observed to fall after the formation of a whipsaw.
Amazon shareholders should be careful.
There will be major events such as the FOMC meeting soon, so there is nothing to be sorry about.
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Amazon looking bearish and forming a bear flag 🐻 🚩
After its breakdown ⤵️, now with the bear flag 🚩formation shorting it is a high probability winning strategy 🧭
Mapped out our price targets and predicted price movement
👇
Hello Traders, Skyboxpips here!
Amazon stock did a sell off from the $188 level last week to the $173 price level closing out the previous weekly candle bearish.
Amazon is doing a retracement for the retest
It feels satisfying when predictions play out.
Amazon was trading Bearish for the whole of 2022 into January this year and now we finally turned Bullish on May 15 with a Break in Structure at $113. Our main focus was the Propulsion Block resting at $126 and at the same level we had a Search and Destroy Profile sweeping 143.98 (High) and 126.33 (Low) Our first target is $159 and we looking to make a re entry...
AMZN got a perfect weekly topping candle, followed by a bearish engulfing candle (one more day to confirm)
Watch for a dip below the 150 level.
Im going to short it very soon, will post it live when I do
The current price is hovering around a crucial level, which will dictate its future direction based on market conditions.
For Amazon stock, reaching its all-time high for the third time prompts speculation: will there be a pullback, or will it establish strong support around $177.19 (Support #1), potentially indicating a 28% uptrend Breaking the recent record at...
Amazon has taken liquidity to the upside, we at Capital Wisdom see a necessary pullback to lower levels.
In our indicators NASDAQ:AMZN is HOLD , we have a big liquidity at $161.21, we have big selling pressure from the insiders, more than $ 8B in selling.
Overall
Company has healthy profit margins, considering the average of the sector
Company has...
