Amazon (AMZN) break 50-Day period. Opportunity Here!
With the ecommerce space competition heating up, I believe major ecommerce major player should start to look at having a one-stop service from platform all the way to a closed loop supply chain service for its sellers.
This would benefit both the sellers and their customers. Remember how $JD.com(JD)$ has spend time in 2017 and come up with its new standard and solution for the modern supply chain.
$Amazon.com(AMZN)$ just announced they have rolled out an end-to-end supply chain service for sellers called Supply Chain. The Supply Chain could help sellers more quickly and reliably move products from manufacturers to customers.
Supply Chain's launch comes as e-commerce and retail giants including Walmart also compete to offer fulfillment and distribution services for sellers.
Amazon Trading Above 50-Day period
Amazon have been trading above 50-day period over the last few weeks, and this pose an opportunity to look at investing in Amazon.
We might be facing with some uncertainty with more inflation economic data which Fed might consider another round of rate hike.
I would think we can monitor and observed how Amazon would be trading in term of Price Action.
Bollinger Bands (BB)
Amazon might be moving from Buy zone to Sell zone, so this is something we might want to be aware to look out for.
As I see from the chart, it looks like Amazon should have some significant buying activities today while we await the release of the CPI economic data.
Summary
If we look at how Amazon have been performing when the last July Fed decision on rate hike (26 July 2023), which we see a rate hike of 25 basis point, Amazon has gained more than 5% the following day on 27 July 2023.
I would think it is a good opportunity to look at Amazon during today (13 Sep) trading.
Appreciate if you could share your thoughts in the comment section whether you think Amazon has present us an opportunity amidst the uncertainty to trade and invest in.
@TigerStars @Daily_Discussion @TigerWire appreciate if you could feature this article so that fellow tiger would benefit from my investing and trading thoughts.
Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.
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AMZN reported a whopping 11% yoy top line growth, most of which was simply a result of inflation and items prices rising. Yet the stock is up 75% and trades at 70 P/E… what a joke.
Long and bullish.A 100% increase this year would place the stock at $168 and this can very well happen
Amazon opened the year at $84. The stock has increased 68% and we have 3 1/2 months left.
I believe AMZN will pull back to 138ish short term, so I'm going to accumulate put options in this until it does...
The judge appointed to oversee the FTC case against Amazon recused himself already. The case just took its first down hit right after it filed the lawsuit. This is not going to change anything against Amazon.
Looking forward to buying AWS once they spin off marketplace. I just can’t ethically justify owning a company that treats low paid workers so poorly.
Yes Amazon is really doing great. Amazing
Buy now or live with regret. 5T market cap within 3 years.
Amazon is one of the only companies hiring around where I live and I don't hear anything about bad treatment.
Oil up again by 0.88% right now. Stocks going down further tomorrow.
Is AMZN the best of FAANGs? Don't see anything better...
I see 132 by end of week...