Amazon.comLong
Can we bounce from here? I got Long
Updated
Amazon is sitting on the Falling Support Line and Support area.
I go long for a bounce next week.
We are still in a downtrend so this is just a quick bounce.
I go long for a bounce next week.
We are still in a downtrend so this is just a quick bounce.
Note
seekingalpha.com/news/3418775-rbc-sees-19b-alexa-revenueRBC Capital's fourth annual Amazon (NASDAQ:AMZN) Alexa survey shows a 31% U.S. penetration for the devices compared to 41% for overall smart speakers.
RBC thinks Amazon could see 18B to 19B in Alexa-related revenue by 2021, which would represent about 5% of overall revenue.
Rating reaffirmed at Outperform with a $2,300 target.
Amazon shares are up 0.4% premarket to $1,466.72.
Note
WOW great trade.
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