AmznMost likely they push this up to 195-200 or trend line resistance here.. Hammer candle with volume at 50sma Looks like a cup and handle to me Stop loss below 180Longby ContraryTraderUpdated 4426
Amazon UpdateFor three weeks now price has been slowly grinding lower in nothing but chop. Is this the initial mini-A-wave of c? That is what it looks like to me as of now. As I have said time and time again, price can take whatever path it wants but ultimately my target boxes almost always get hit. Right now, my target box says price will eventually make it down to the $150's-$160's. I can't say for sure what path it will take or how long it will be, but I can say with confidence this appears to be a corrective pattern and one I am labeling the mini-A wave of micro c. This micro-c should complete the intermediate (A) wave of the larger wave ((2)). Don't forget corrective patterns can chop until the cows come home and thus can take a very long time. Time wise this mini-A wave, if that is in fact what it is, has already taken longer than the initial a wave. This is partly what makes me think the mini-B wave should be starting very soon if not already. I expect that to raise to the area of the 0.236 @ $185.81 before falling again in C of c of (A) of ((2)). Plan on this larger pattern taking MONTHS to complete.by TSuth117
AMZN potential "Falling Wedge"Amazon seems to be forming a potential falling wedge pattern while also signaling bullish divergence. I believe we could see a breakout soon in Amazon....Let's see how this plays out!Longby Gutta_CEO_116
Amzn inverse head and shouldersAmazon is printing a massive inverse head and shoulders on the daily chart. Daily is obviously more reliable than lower time frames. The upside projection of this lands right on a key fib level around 210$. I expect this to play out as AMZN is way more undervalued than the other Mag 7 stocks save googl. Amazon also has so many sectors and a massive monopoly style moat. -210$ in the next quarter imoLongby Apollo_CB112
Amazon bouncing on 50EMA with 4h RSI divergence and OBV signal. - OBV signal daily - Bouncing on the 50 EMA - 4 hour RSI divergence. Taking a shot here and loading more. Longby GreenBkk7
Amazon Layoff 172 Employees at The Facility Near SeattleAmazon ( NASDAQ:AMZN ) is closing a warehouse in Tukwila, Washington, just south of Seattle, following a layoff of 172 employees at the facility, known as UWA5. Amazon ( NASDAQ:AMZN ) spokesperson Sam Stephenson said employees will be offered opportunities to transfer to other nearby facilities or support if they choose not to stay with Amazon. The company is always evaluating its network to ensure it fits its business needs and improves the experience for employees, customers, partners, and drivers. Amazon ( NASDAQ:AMZN ) employs 75,000 people in the Seattle region, many of them corporate and tech workers, as part of its workforce of 1.52 million people worldwide. Global headcount rose 4% year-over-year, as of March 31. Amazon's warehouse-related operations have driven the year-over-year growth in headcount. Last month, Amazon ( NASDAQ:AMZN ) announced new records for Prime delivery speeds in the first three months of this year, citing a shift to regional fulfilment centers. Amazon has plans to double the number of its smaller Same-Day Delivery facilities in the coming years. Last year, Amazon laid off 27,000 corporate workers, but warehouse jobs were not affected.by DEXWireNews5
Amazon _ Inc _ Under _ NasdaqAmazon _ Inc _ Under _ Nasdaq Next support : $193.31, $194.02 There is lower missing data during Jan, 2024 = from $193.1 , $194.02 it will drop to the level of $160.97 before the below prices. Unless we get 2 support confirmation and 1 mid retest the likely of drop is high at this moment time. ______________________________ Once the Retest is confirmed we will be expecting the following prices: $201.98 $204.30 $211.24 $214.26 $215.65 $223.19 $226.35Longby Skill-Knowledge-Conduct4
AMZN Watch out from this resistance level!Amzn is printing a double top formation. it is possible for it to fail although: 1. Spx is also forming a double top formation and a correction can be anticipated 2. nvidia has to have a price correction that would drag the market with it 3.msft is also following the trendy chart pattern This next week is critical for all these stocks, wheather they can fight the resistance up top. gl to all traders "the twin killers of succes are impatiance and greed" - jim ronShortby Captainobvious5454Updated 2
What is happening for AmazonHello everyone I guess AMZN is so similar to another enormous teammates in Nasdaq markets and so it is a correction and then follow the rally. I know that all of my predictions can be failed but it is not meaning that my work is wrong. You should consider a countertrend strategy for your analysis but as I always say" a tradre should chose his side (bull or bear) and decide about that and just time can disclose what is right and what is wrong. It is not clear that this channel will be broken out to the lower levels or correction will finish in it and Rally continues. Whatever happens, we wait for the end of correction. Be safe and happy by AMA_FXUpdated 7
SMART MONEY NEVER LIESsimplicity of bullish stocks is that when a low if formed don't go against it. Instead let it work in your favor. more is made that way, that is one of the ways the rich get richer Longby lunster3
Why Amazon's Stock Surge is Just the BeginningAmazon has delivered an impressive performance this year, with its stock appreciating over 20%. Many analysts believe this is just the beginning of a much larger upward trend. Amazon's business model is undergoing a significant transformation, presenting a unique opportunity for investors. Here are three key insights that make a compelling case for buying Amazon stock now. Resurgence in Amazon Web Services' Growth Amazon Web Services (AWS), the company's cloud computing division, is experiencing a strong resurgence. AWS allows clients to rent computing space and run workloads over the cloud, a popular strategy that enables customers to scale computing power as needed. This is particularly relevant as many companies are developing AI models to enhance their operations. Despite sluggish demand for AWS in 2023 compared to competitors like Google Cloud and Microsoft Azure, the outlook is improving. Amazon's significant investment in Anthropic, a generative AI startup, has equipped AWS with advanced AI tools. CEO Andy Jassy highlighted this in Amazon's Q1 conference call, stating, "We see considerable momentum on the AI front where we've accumulated a multibillion-dollar revenue run rate already." This positive development is reflected in the financial results. In Q1, AWS saw a 17% year-over-year increase in net sales and an 84% rise in operating income. Another growth catalyst is the end of the optimization trend. Last year, companies focused on cost-cutting, including optimizing cloud computing spending. With this trend now complete, AWS is benefiting from new workloads, rather than declining revenue from reduced workloads. AWS remains Amazon's most profitable segment, which is crucial for its success. However, other areas of the business are also starting to contribute significantly. Amazon's Accelerating Cash Generation While AWS has long been profitable, Amazon's commerce divisions haven't always shared that success. The company had to recover from significant investments in its supply network in 2021 and 2022, which affected its North American division. Additionally, Amazon's international operations have historically been unprofitable, but this is starting to change. In Q1, the international segment posted its first profitable quarter since 2021. This turnaround has significantly bolstered Amazon's cash generation, which is now gaining momentum. In the past 12 months, Amazon has generated $50.1 billion in free cash flow (FCF), a stark contrast to the $3.3 billion FCF outflow in Q1 of the previous year. The trends associated with this FCF are equally encouraging. Historically, the first quarter is weak for Amazon due to high spending in Q4. This pattern results in a relative peak at the start of each new year, followed by a significant decline. This occurred again in 2024, but notably, this was the first year in recent memory that the drawdown did not result in a negative FCF. Additionally, the Q4 peak was the highest it has ever been. This indicates that Amazon's cash flows are improving and sustainable, which is a positive sign for investors. As Amazon's cash flows increase, the company could initiate a dividend or start repurchasing stock, benefiting long-term investors. Amazon is Still Below Its Average Valuation Despite Amazon's significant cash flow growth and improvements across its business, the stock is still undervalued based on its price-to-sales (P/S) ratio. Traditional valuation metrics centered around earnings aren't as useful for Amazon yet, but the P/S ratio indicates that Amazon is valued at levels seen during the post-COVID demand drawdown and before that in 2018. This suggests that the stock isn't overvalued and could be a reasonable purchase today. Considering Amazon's growth prospects and increasing FCF, Amazon is an excellent buy right now. There are still many aspects of Amazon's business poised for transformation, and investors will benefit from buying and holding it for the long term. Previous Idea Longby FOREXN1119
AMZN: Sideways Trend & Rectangle Key Points : NASDAQ:AMZN Sideways Trend Rectangle Pattern. Short Term Falling Channel is seen here. Resistance - 189.43 Support - 173.35 If you need further analysis, please don’t hesitate to reach out. Feel free to contact me if you have any questions or concerns. If I can help in any way, please don’t hesitate to ask.by ustrader261
Amazon JungleWas 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 somewhere at the white or continuing on the blue or towards the red for a more decisive push in case the Earnings don't upset the whole harmony in this picture. If everything goes to pieces will be having an eye for the possibility of the blue curve becoming resistance with a retest. Other lower probability scenarios are some impact zones around the green and purple rectangles. If the prices reaches the top curves it would be only as a reference to see the price action around them for potential validation of the simulation. by nenUpdated 6
next few days are critical4 hourly chart moving avgs might show a printing of double top backed up by touching the 200 ema of 4hours in that case it would be a pretty bearish scenerio. i'd rather to avoid trying to predict if its going to play out as long as we are well above the 200 ema of the daily chart. for now, theres surely a good squeezing of shorts and longs: theres a good support as the graph says but there's also this resistance that have been tested twice (to the double top formation) 166 was the last higher low in the daily, and it met with high demand. as long as we dont break below these critical trend levels (deep and keep it deep) i am still bullish on amazon. if we go under without a good bounce it will be a good sign of a trend reversal. hard to say, no one knows the market but never fight the trend (hence daily chart is the king)by Captainobvious54541
Amazon - Two trading setups!Hello Traders and Investors, today I will take a look at Amazon. -------- Explanation of my video analysis: In 2020 Amazon stock created massive resistance roughly at the $180 level and started a major correction away from the resistance in 2022. As we are speaking Amazon stock is once again retesting this major resistance level and is therefore at a quite decisive inflection point. Either we will see a breakout or another rejection after which we could then see the overall continuation towards the upside. -------- Keep your long term vision, Philip (BasicTrading)02:47by basictradingtvUpdated 5545
Cup with handlethe graph is acting through like cup with handle formation. I predict if graphs finish the handle, we must see serious attack from amazon. lets see how it is being end.Longby aepydn19053
AMZN Bull FlagAMZN has been in a strong up trend since bottoming with everything else in April. It did retest it's ascending channel and failed which isn't great, but now we have a nice bull flag after several weeks of consolidation.Longby AdvancedPlays0
AMZN: M-top pattern?A price action below 184.00 supports a bearish trend direction. Increase short exposure for a break below 183.00. The target price is set at 174.00 (its 38.2% Fibonacci retracement level). The stop-loss price is set at 193.00 (the start of the retracement). It will appear that an M-top pattern is busy developing. Remains a risky trade. Shortby Peet_Serfontein2
AMZNPair : AMAZON Description : Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Double Top in Short Time Frame Fibonacci Level - 261.8%by ForexDetective6
AMZN heads up at $187.49: last strong resistance before 200This is a follow up to my $177 breakout call (click). Nearing a significant resistance around $188. Expecting a pullback but the market is strong. At the least we should get some sideways action. $ 187.49 - 188.98 is the immediate resistance of interest. $ 197.94 - 199.63 is next major resistance and maybe top. $ 181.95 - 182.39 is first good support that bulls must hold. ===================================================== . by EuroMotifUpdated 16
AMAZON | AMZN , Jeff is back? While Jeff Bezos, fiancée Lauren Sánchez have star studded engagement party on his $500M yacht Amazon has just reported its Q2 2023 earnings result, EPS of 65 cents is not comparable on YoY basis nor to consensus due to the company booking some gains related to its Rivian Automotive, Inc (RIVN) investment. Revenue of $134.3 billion beat consensus by about 2% while showing a YoY jump by nearly 11%. As an immediate reaction, the stock is up nearly 8% after-hours, although this can turn on a dime.I wrote in my preview that Amazon still remains a revenue story and to pay attention to Q2's actual revenue and Q3's revenue guidance. Amazon hit it out of the park on both counts, with Q2 revenue showing an 11% jump and Q3 guidance of $138 billion to $143 billion, easily upping the consensus of $138.29 billion. As a direct effect of the company reining in on its expenses, Amazon's Free Cash Flow ("FCF") in Q2 2023 improved to almost $8 billon compared to -$23.5 billion in Q2 2022. Headcount is now down 4% YoY.Advertising, which I've highlighted as the next growth driver in many of my past articles, was up 22% YoY. But, more importantly, resumed its upward trajectory on a quarterly basis. Advertising services revenue showed continuous QoQ improvement until the first blip in Q1 2023. Whether Q2's upsurge is a new trend remains to be seen, but it is encouraging that Q2 did not follow Q1 down. I am also glad that my prediction that advertising will cross $10 billion in sales came true.It appears like retail has finally stopped bleeding profusely to avoid wasting all the gains from AWS and Advertising. In my view, retail is just their medium to sell their ecosystem, and this is acceptable to me. Heading into earnings, Amazon stock was almost into the oversold territory with a Relative Strength Index ("RSI") of 37. Revenue beat and guidance should help the stock garner more analyst support in the upcoming days, and I fully expect the stock's almost-oversold conditions to be in the stock's favor as it has plenty of room upwards technically. The after-hours move has also helped the stock clear all of the commonly used moving averages.AWS's revenue and operating income appeared to be on a perennial, mid-double-digit growth trajectory until recently. However, Q2 saw AWS' sales increase by "just" 12% while operating income fell by more than 5%. It is in this context that advertising services becomes even more important. While $22 billion is strong, it fell well short of the $25 billion I predicted, as the company aims to cross $100 billion in 2023 AWS revenue. The stock was already up 50% YTD heading into earnings and the run appears set to continue. I am not complaining as a long, but it shouldn't surprise anyone to see the stock pullback from the highs given the market's shaky behavior the last few days. Overall, Q2 results are much better than Q1, and that shows in the stock's performance, at least as shown in the after-hours price movement. However, Amazon has never been a single quarter or single year story for me. Amazon's ecosystem is enough reason for me to continue believing in the company long-term. The ability to leverage multiple products and services across the entire organization is not something any company can build overnight. In fact, even Amazon has taken nearly 30 years to be the company that it is today by moonyptoUpdated 228
Red Flags on Amazon chartThe Amazon chart is showing several concerning signs. Although Amazon recently reached a new all-time high, this achievement wasn't supported by the daily Relative Strength Index (RSI), indicating a clear divergence on this indicator. This divergence suggests a loss of upside momentum at a critical juncture - namely around the 2021 peak at 188.65. Additionally, on the daily chart, the market has been unable to breach the top of its daily Bollinger band. Even a retreat back to the lower end of the Bollinger band could lead to a decline towards 172, signaling a notable setback. At the very least, it's advisable to tighten up stops on long positions. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site. 01:22by The_STA1
AMZN - bearish trend - Day trading Break the PDL and H & S formation done. Ride the trend Shortby westcoasttrader073