Touched 50DMA on Friday and bounced slightly but where's the Bezos empire heading to next? Are we going to witness an earnings breakout that's similar to Netflix or an expected earnings beat that dwindles the stock further like Apple & Facebook? With a P/E ratio of over 96, it's a tough one to crack.
My bet is a breakout to the upside soon. May not be right after earnings due to the current negative market sentiment but I reckon it will sooner than later after months of consolidation. If you're bullish and waiting for an entry, keep an eye on the 3135 level if we get there.
My bet is a breakout to the upside soon. May not be right after earnings due to the current negative market sentiment but I reckon it will sooner than later after months of consolidation. If you're bullish and waiting for an entry, keep an eye on the 3135 level if we get there.
Nota
Aaaaaaandddd Amazon breaks out already. All it took was a 360 u-turn on market sentiment overnight and booom! 3406 at the time of writing from 3185 on Friday! Another easy bet..
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.