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Amznsetup

AMZN Amazon SPRING + DARK POOL TRADES = HAPPY NEW YEAR: GAP UP!! AMZN technicals pointing to more strength. Expect big GAP UP before opening on Jan 2nd! Dark Pool Trades have been pouring into AMZN - roughly $3B in last 2 weeks. Long term uptrend channel former resistance now offering strong support. Three day downtrend was broken today during consolidation & shows bullish pennant forming. Downtrend/Pullback from $1900 was caused by end of year writeoff selling for tax purposes - expect those positions to reenter and bandwagon buying from other underperforming retail stocks. Amzn had record breaking christmas sales - best sales ever reported. Same day and one day also Quadrupled YoY vs quarter 4 of last year. Short of Entire Market having big time pullback, expect AMZN to continue strong upward move through earnings . Be prepared to sell earnings . It's no secret that earnings on AMZN will be off the chain - sell the news likely generates our next pullback, but stock will probably be 100-200 points higher if it follows other earnings releases (stock runs up sharply prior to earnings ) New Years BUMP (for all stocks) has historically occurred during first week in January. That will push AMZN even HIGHER than it's momentum...expect $1900 in short order. NOTE: Watch the SPRING! For more info on institutional spring which may or may not happen since today is a holiday for many, google the Wyckoff Spring.
NASDAQ:AMZNLong
by DontListenToThisClown
4
Amazon stock back up to $1950-$2000.Amazon stock has been on the rise for the past few days on strong volume through some key resistance points, one being the year to date POC. The upside structure is starting to build up as well, as the low that caused the move higher was higher than the previous drop. The volume on the recent pop shows promise to the upside. There is a resistance point that is coming up which may spell trouble for the stock. The resistance between $1845 and $1865 is based on a previous peak high and the 100% Fib extension on the current move. This level could push price down again into the $1770 support however if it breaks the upside is going to open. Tech has gone up nearly 50% this year alone and Amazon is a lagger, the retail spike during the holiday season will have some effect on the upside of the stock as well. Disclaimer: The following idea is for educational purposes. TRADEPRO Academy is not held liable for any actions taken in the market as a result of this idea. This idea does not constitute investment or trading advice.
NASDAQ:AMZNLong
by TRADEPROAcademy
AMZN ready to push back towards $1700 and beyondWhile the SPY is fighting $280 resistance, AMZN has been making higher lows inside its major down channel. A break towards 1672 then 1723 (5% move from the closing price of today and the 200 day sma) looks to be in the cards as long as the overall market can break through 2800 on ES and hold. I also like that the daily has closed well above the daily 9 day exponential moving average. A bigger move in the market place is definitely in the cards in the next 2-3 days with the USA-China trade agreement extended deadline from this Friday, March 1. Also Trump meeting with North Korea's leader, Kim Jong Un, to discuss denuclearization. A USA-China trade deal, or even a peace agreement with North Korea could launch this market much higher. Purchased April $1640 calls with a $10 stop based on the weekly and daily price action. Risking $1k (per contract) of house money to make $5k (per contract)+. Let's see what happens in the next few days :-). As always let price discovery be your guide.
NASDAQ:AMZNLong
by Price-Level-Trading