$AMZN · Schwab Network · 2026-11-06

Your next name here, Tim, is Amazon. Here you have one of the big ones. Amazon was not greatly affected by the sales we saw yesterday. The semiconductor sector has been hit much harder than the major cloud computing companies.

We are still achieving a net profit of 9% in weekly trading . They have maintained their gains since the beginning of the year. So, what are your expectations here for Amazon?

Well, this is a recurring idea from last week . I know I use this term a lot, but if the stock is doing well, keep holding it. I really like the fact that I shared this idea last Friday.

The stock withstood all that chaos. It's simply gone beyond that. I mean, it saw a slight decline, but it wasn't really significant. He held firm throughout the week. As I mentioned, the following idea is very similar to it.

If we see a trend towards reducing expansion in data centers, well, who is bigger than Amazon? It is clear that they still need to add capacity to feed artificial intelligence, but AWS has been around for more than a decade.

They have data centers everywhere. So, if the expansion is scaled back, Amazon can say: Hey, at least we already have all these data centers everywhere to run AWS. They have effectively been running the internet for the past decade.

They probably have the capacity of any other company to meet that need . Simply put, we see this trend as the end of the year approaches, with Black Friday, Christmas, and other events.

Retailers; It is one of the simplest trades, and it seems that every fall and winter, we see an upward trend for many retail traders. What is Amazon's largest retail store ? So, I'm combining the graph, the strength we've seen over the past week, and the fact that they're in a slightly more secure position from any potential problems in the data centers. I love the arrow, and I love the chart.

Well, gaps are very useful for trying to identify important price areas that need to be monitored. So, our gap opening is roughly in line with the new low we identified after our rise here near 252.

So, this is the first area that is probably the most prominent in many people's minds. We also have elevated post-gap levels near 273. So, we have a kind of normal range to watch for potential breakouts.

You can draw a very sharp upward trend line here in white that is still standing. We can also think that we might see a bearish engulfing candle pattern that formed yesterday, where the large red candle completely engulfed the previous day’s smaller green candle in terms of the actual candle body , i.e., the distance between the opening price and the closing price.

But we are not seeing a continuation of the decline today. So, it may have been scary yesterday , but the ship has started to adjust its course because we did not see a continuation of that violent downward movement that we saw.

Right now, our 5-day exponential moving average in dark blue is 258.54. Therefore, in line with our trend line, breaking this level could open the door to testing the confluence of the 21- and 63-day exponential moving averages at around 254.

The Relative Strength Index appears to be invalidating its downward trend line in red here . This would be another positive sign for bullish traders. Watch for it to continue recording new highs, and for the price to also surpass its recent relative highs .

Regarding the size profile here, most of our recent activity falls within this very broad range. There are more specific and detailed levels, but 247 is the control point, and things really start to go down above 265, then go down further above approximately 273.

Therefore, look for moves above those levels for potential breakouts .

Okay, above 273. Right now, we're at 263. We're up 1.25 percent for Amazon.