0. Notes to follow; 1. Amazon bouncing off a rising ascending broadening breakout pattern; 2. AMZN heading to $190, then $210;
Based on my sources and inputs, as well as supporting price action and Volume Price Analysis, i have concluded that while everything else pumps in the bull case, AMZN may be a larger force in a breakout. As per Richard Wycoff, longer consolidation means a larger implied move. AMZN has retested MAs and shown support outside boxes. This thing is primed. Let's see...
Fawkery on top of fawkery.. dragging this short out... 2nd rising wedge here should get it done.. Stop loss 192. 1st Target 173 2nd target 160 Mid term target is 173 gap close. Long term target 160 gap close
we have two scenarios, it will either hit ~190 before going back to ~165 or hit ~190 and break from previous resistance line at ~190, what do you think ?
Yes. This is quite the Love-ly set up. Inverse H&S looking good with volume by its side. 200 is POI for take profit. Let's see what happens
The request asks for the translation of a trading strategy using an indicator called "Support Resistance Dynamic," with buy entry points at the first resistance level at a price of 189.77 for an uptrend, and buy entry points at the first support level at a price of 171.47 for a downtrend.
Good to long here with a big stop loss. Fingers crossed!
This 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...
ATH is very close. Based on macro trends it pulled back recently from this . It might test this resistance once again and might break out if market supports
Amazon announced its earnings for the first quarter of 2024 yesterday after the closing bell. The company reported net sales worth $143.3 billion, marking a 13% YoY increase, and net income of $10.4 billion, up 225% YoY. Operating income rose to $15.3 billion, representing a growth of 218% YoY, with the AWS segment contributing $9.4 billion to the figure and...
If you haven`t bought AMZN before the previous earnings: Then analyzing the options chain and the chart patterns of AMZN Amazon prior to the earnings report this week, I would consider purchasing the 175usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $12.95. If these options prove to be profitable prior to the earnings...
When the charts looked ugly it was a historic buying moment. Amzn fell to the classic fib levels and the sharp edges of the market stepped in. When the set up looks juicey though... the herd rushes to pile in. Excited to see this one play out.
The stock AMZN opened above the resistance level at $189.75, indicating a potential uptrend. If the RSI indicator stands above the 70 line, it could further confirm the upward trend.
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...
In a whirlwind of earnings reports, Amazon.com ( NASDAQ:AMZN ) managed to dazzle investors with a stellar performance in the first quarter, even as concerns linger over its cloud-computing growth trajectory. The e-commerce giant reported a 13% surge in first-quarter sales, reaching $143.3 billion, surpassing Wall Street's expectations. Bolstered by strong demand...
As Amazon gears up to announce its first-quarter earnings for 2024 after today’s closing bell (April 30th), traders are poised to capitalise on the potential volatility and opportunities that this news event may bring to the market. Let's delve deeper into what investors can expect from Amazon's Q1 earnings by examining market expectations, growth drivers, and...
Market Sentiment and News: AMZN has recently made headlines with a record number of same-day and next-day deliveries, an operational milestone that may reflect positively in investor sentiment. With the earnings report slated for tomorrow, the market's focus is honed in on Amazon’s financial health and future guidance. Price Action Analysis: Over the recent...
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...