AMZN Amazon Bearish Signals on Bullish Fundamentals In the Q4 institutional buys were 124B compared with 7.69Bil sells.
On 10/30/2020 JPMorgan Chase & Co. Boosted Price the Target price from $4,050.00 to $4,100.00
The Pharmacy business will be a long term growth catalyst for Amazon.
Their cloud service is growing too.
The Holyday sales will most likely surpass the last year`s.
The indicators are still bearish, i won`t buy yet, but wait for a breakout.
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
Amazontradingsetup
WHAT'S WRONG WITH AMAZON?Please hit like and share your support :-)
One word: price.
That’s because the company falls in the top-10% of most expensive U.S. companies.
To justify its current value, Amazon would have to compound growth at 14% over 10 years. The company would also have to slow working capital growth significantly, netting its capital requirements to zero over the long run.
Amazon is still a great business: investors should expect Amazon to win massively in e-commerce, cloud computing, and digital media. A decade from now, Amazon will almost certainly still dominate the global retail industry.
But when it comes to the company’s stock, investors should keep in mind that AMZN is currently overvalued and overbought. By any conventional measure Amazon (NASDAQ:AMZN) is overvalued. With a market cap of $1.66 trillion, AMZN stock is being valued at over four times its potential 2020 revenue of $400 billion. That's based on its second quarter sales of $101 billion.
As with the other Cloud Czars — Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Alphabet, and Facebook (NASDAQ:FB) — Amazon’s current price is built on the COVID-19 market and the Fed. It’s not based on Amazon’s performance. And that is the biggest concern for price support at these high levels.
Thank you for taking the time to read and please hit like,
Ev
Sources: Investorplace
AMZN RETRACE AFTER PRIMEDAYAMZN is retracing after Prime Day.
There is usually a sell off right after prime day.
I closed a position yesterday, a day earlier, at 10% profit and intend to buy the dip all the way down.
Watch the MACD to see how long the retracement will last.
Happy trading and hit like,
EV.
Amazon Prime DayPrime Day
Prime day happens every year since 2015. This event allows AMZN prime members to access exclusive discounts for 2 days. This usually happens in July but due to COVID-19 it did not happen this year. Rumors are now circulating that Prime day will be announced soon, the general consensus is that it will be Oct 5-6 and no later than Oct 20.
15 days prior to Prime day for the past 5 years AMZN stock has went up and average of 7.6%. Currently reaching weekly demand zone, this should start to pick up steam as investors await for a date. Once announced AMZN should see a nice pop to the upside. A 7.6% increase at the current price would bring AMZN to about 3300 from where it stands now.
Naked options on this would be risky but a vertical spread would be less risk/more reward.
Buy Zone and Target for Amazon $AMZNMy buy zone and target for Amazon. Amazon is reaching an apex point, it should make a move soon. I think as long as the support trend line hold amazon should be a good buy. A break below the support trend line would invalidate this ascending triangle.
(Not financial advice)
AMZN SHORT (put option) almighty amazon in store for a pullbackThis is a trade idea for the amazon chart. I am seeing a possible short set up forming. during the beginning of the week amazon should trend up this week will end in a possible short. The analysis shows the entire idea. All of my setups are influenced by elliot wave. If you find my ideas helpful please follow
AMZN (AMAZON) LONG AND SHORT SET (HUGE BREAKOUT)HUGE BREAK OUT COMING
Amazon.com, Inc. offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company's products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It also manufactures and sells electronic devices. The Company, through its subsidiary, Whole Foods Market, Inc., offers healthy and organic food and staples across its stores. The Company also offers a range of products like whole trade bananas, organic avocados, organic large brown eggs, organic responsibly-farmed salmon and tilapia, organic baby kale and baby lettuce, animal-welfare-rated 85% lean ground beef, creamy and crunchy almond butter, organic gala and fuji apples, organic rotisserie chicken.
TITLE/(DATE)- BUY AMAZON (7/28)
ASSET- AMZN
PLATFORM- MT4
ORDER TYPE- BUY limit
Time Frame- 1D
ENTRY PRICE 1- 3018
ENTRY 2- 2998 (pending)
STOP LOSS- 2978 ( 400 PIPS)
TAKE PROFIT 1- 3058 (400 PIPS)
TAKE PROFIT 2- 3098 (800PIPS)
TAKE PROFIT 3- 3158 (1400)
TAKE PROFIT 4- 3228 (2000 PIPS)
TAKE PROFIT 5 - 3318 (3,000 PIPS)
TAKE PROFIT 6- $3458 (4,400 PIPS)
STATUS: ACTIVE
AMZN continue its equilibriumHello everybody, the AMAZON stock price seems entering in an equilibrium range since 14 April, after passing a good uptrend since 16 March.
In the actual conditions, the AMZN stock price will continue in its equilibrium, but could at any time break it :
- above which mean another increasing trend
- or below the rectangle which means a decreasing trend.