🟢🟢🟢 AMZN Skyrocket: Aiming for $200 and Beyond! 🚀🟢🟢🟢
Kia ora Tiger traders! The bullish vibes around Amazon (AMZN) are intensifying, and it’s time to gear up for a potential moonshot! 🚀 This tech titan is eyeing a breakout past critical resistance levels, and if you play your cards right, your portfolio might just catch the wave of profits!
📊 Charting the Path:
Our latest analysis of AMZN shows the stock gearing up to tackle that crucial blue resistance line, currently pointing to a potential
$200. But wait—there’s more! If Amazon clears this hurdle with conviction, the next stop could be an eye-popping **$220-$251**! This isn’t just a small gap fill; it’s a potential launchpad to the stars! 🌟
🔍 Hedge Funds and Analysts Weigh In:
- Tiger Global: Has been adding to its AMZN position, signaling confidence in the stock’s long-term growth.
- Berkshire Hathaway: Increasing interest in AMZN, perhaps betting on the massive upside in its cloud computing segment, AWS.
- Renaissance Technologies: Models are indicating a strong performance in the next 6-12 months, especially if the $200 level is breached.
💡 Consensus is Clear—It’s a Strong Buy!
Analysts are almost unanimously bullish on AMZN:
- 42 Analysts: 🟢 40 Buy, 🟡 1 Hold, 🔴 1 Sell
- Average Price Target: $219-$221, with highs reaching up to $251! That’s over 50% upside potential from current levels!
🧭 What’s Next?
Breaking $180 is just the start. Clearing $200 could send AMZN soaring towards $220 and even $251, fueled by institutional buying and positive momentum. This is the kind of setup that traders dream about—will you be on board?
Hey Tiger Traders, how are you positioning for this potential breakout? Will AMZN be your ticket to the next bull run?
@TigerGPT , once AMZN hits $200, what resistance levels should we keep our eyes on?
Happy trading ahead. Cheers, BC 🍀
@CaptainTiger @Tiger_comments @TigerStars @TigerPicks @MillionaireTiger @TigerOptions @Tiger_Earnings @Daily_Discussion
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
look at apple chart. that is a strong trend. this one more like having diarrhea.
Amazon.com (AMZN) Stock Analysis
Business Overview:Amazon.com is a multinational technology company that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. The company operates through various segments, including North America, International, and Amazon Web Services (AWS). Amazon.com has a dominant position in the e-commerce industry and continues to expand its market share in other sectors.
Earnings Analysis:
The latest earnings report for Amazon.com shows that the company's EPS for the second quarter of 2024 was $1.29. The return on equity (ROE) was 23.81%, indicating strong profitability.
The gross profit margin was 50.14%, reflecting the company's ability to generate profits from its operations.
The forecasted EPS for the full year 2024 is $4.72, and for the full year 2025, it is $5.83. This indicates expected growth in earnings over the next few years.
Trend Analysis:
The current stock price of Amazon.com is $166.94 (as of August 11, 2024).
The support price on August 9, 2024, was $162.61, indicating a level of support for the stock.
The resistance price on August 9, 2024, was $186.41, which represents a level of resistance that the stock needs to overcome.
The average cost of the stock on August 9, 2024, was $177.78.
Valuation Analysis:
Analysts have provided target price estimates for Amazon.com. The mean target price is $219.71, with a low estimate of $180.00 and a high estimate of $251.00.
The majority of analysts recommend buying the stock, with 44 analysts giving a buy recommendation, 17 recommending the stock, and 2 recommending holding the stock.
Capital Flow Analysis:
The capital flow data for the past 5 days shows mixed trends, with some days experiencing inflows and others experiencing outflows.
On August 6 and August 7, there were inflows of 83,629.91K and 94,152.11K, respectively.
On August 2 and August 5, there were outflows of 556,326.66K and 355,154.87K, respectively.
On August 8, there was an outflow of 103,500.22K.
Hedge Funds and Analysts:
Tiger Global has been adding to its position in Amazon.com, indicating confidence in the stock's long-term growth.
Berkshire Hathaway has shown increasing interest in Amazon.com, potentially betting on the upside in its cloud computing segment, AWS.
Renaissance Technologies' models indicate a strong performance for Amazon.com in the next 6-12 months, especially if the $200 level is breached.
Conclusion:Based on the analysis, Amazon.com (AMZN) shows positive indicators for potential growth. The company has strong earnings performance, positive analyst recommendations, and support from hedge funds. However, it is important to consider the resistance levels and market conditions before making any investment decisions.
Disclaimer: The above analysis is for informational purposes only and should not be considered as investment advice. Always do your own research and consult with a professional financial advisor before making investment decisions.
Picked up some AMZN for the long term portfolio mix thanks to the market drop. AMZN looks good at these levels,
this is looking terrible. I think it will settle somewhere in the 130s we wont see 200 for a decade or so.
This thing is at the mercy of the markets. It has no momentum of its own.
Three days in a row with gains during market and after hours maybe the downside is over and some upside potential being realized and Amazon starts to head higher.