JD | Strong Base for Launch Higher | LONGJD.com, Inc. is a technology-driven E-commerce company. It engages in the sale of electronics products and general merchandise products, including audio, video products, and books. It operates through the following segments: JD Retail, JD Logistics, and New Businesses. The JD Retail segment offers online retail, online marketplace, and marketing services. The JD Logistics segment includes internal and external logistics businesses. The New Businesses segment is composed of JD Property, Jingxi, overseas businesses and technology initiatives. The company was founded on June 18, 1998 by Qiang Dong Liu and is headquartered in Beijing, China.
Internetretail
ETSY Great buy opportunity on this bullish break-out.Etsy, Inc. (ETSY) pushed above the 1D MA50 (blue trend-line) today and is headed for the top (Lower Highs trend-line) of the 4 month Channel Down. That is the short-term pattern within the 1 year Triangle formation, and since yesterday was a Higher Low on its bottom, if the Channel Down breaks, we expect a strong bullish reversal.
In fact the same Double Bottom and subsequent bullish break-out can be seen in late June 2022. Our target is initially the 0.5 Fibonacci retracement level at 115.00 and after a pull-back, the 0.786 Fibonacci at 135.00 that will form a new Lower High on the Triangle. If however we see inability (straight rejection) to break above the 1W MA50 (red trend-line), we will take profits earlier, as this is the long term Resistance for the stock.
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CPNG | Oversold eCommerce Play | BounceCoupang, Inc. owns and operates in e-commerce business through its mobile applications and Internet websites primarily in South Korea. It operates through two segments, Product Commerce and Growth Initiatives. The company sells various products and services in the categories of home goods and decor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services. It also performs operations and support services in China, Singapore, Japan, Taiwan, and the United States. Coupang, Inc. was incorporated in 2010 and is headquartered in Seoul, South Korea.
AMZN MA Convergence Divergence (MACD) just turned positiveThis is a Bullish indicator signaling AMZN's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron A.I. dvisor identified 47 similar cases where AMZN's MACD histogram became positive, and 33 of them led to successful outcomes. Odds of Success: 70%.
Overstok $OSTK in uptrendIt is following very smooth uptrend line so far and hit the fib 0.618 level. Pulled back to 20SMA zone and expect to move and break out.
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Coronavirus = Jeff Bezos Doing better than Ever!First off, please don't take anything I say seriously or as financial advice, as always this is on opinion based basis. That being said, let me get into a few key insights. I personally am not a big fan of Amazon. That being said, I want to be as non-bias as possible. Since the Covid19 period, many internet retail stocks grew. Amazon didn't grow as proportionally compared to stocks like Fiverr, Wayfair, OverStock, or even Etsy. However, as a corporation the stock growth still was pretty dramatic. The current price correlation would have been around $1800 with stable growth (if this boom didn't happen), and the stock is nearly $2.4k. That means Jeff Bezos benefited likely an increase in 30%+ of his networth if he mainly held just Amazon stock. That being said, it just comes to show you that even during a pandemic certain sectors and market segmentations grow dramatically. Meaning, yes, it is possible to make quite alot of money during this mostly bearish period for the market. You just need to invest in the right segments and the right stocks. Amazon seems trending towards a $2.5k to $2.575k price, but there are currently higher growth stocks right now out there, so I wouldn't say buy. Long term growth overall seems stable.