Hello fellow traders and investors, here's a trade idea on AMZN. AMZN has been respecting the trendline and I think that it will keep rallying to the take profit area which offers an 8.50% ROI.
Technicals: The Macd is oversold and about to reverse Volume is looking good
When To Buy: Now
When To Sell: At the take profit area
Fundamentals: Amazon.com, Inc. engages in the provision of online retail shopping services. They have a P/E of 62, a P/S of 4, a dent/equity of 0.67, a sales growth Q/Q of 43.80%, an EPS growth Q/Q of 215% and a profit margin of 6.40%.
Rating: 100/100 technicals look great and fundamentals are pretty good aswell.
I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like, follow, share and comment your thoughts. If you have any questions send me a message and I'll gladly respond. Thanks