Today, after the market closed, Amazon released its Q3 earnings and revenue, as well as other financials. It outperformed earnings per share by a significant margin, so why did Amazon drop 14% in after-hours trading? Well, the answer lies in a few things which I will cover today.
1. Amazon Web Services (Includes cloud computing, a major component of Amazon's...
SIGNIFICANT PULL BACK AFTER REVENUES MISSED , UP UNTIL THAT WAS DISCLOSED THE STOCK WAS CLIMBING INSIDE OF A ASCENDING CHANNEL MAKING HIGHER LOWS AND HIGHER HIGHS WITH A FRESH ATH PRINTED .
CURRENTLY WE ARE SITTING AT THE BOTTOM OF THE CHANNEL AND FOR THE MEANTIME HOLDING , THE STOCK IS OVERSOLD AND PRESENTS A GREAT OPPERTUNITY TO FILL LONGS WITH A TIGHT STOP .
ALGN gapped down at the end of July on weak earnings news. It has now collapsed to a strong long-term support level. The final capitulation by Smaller Funds managers has ended. The consistency of the candlestick pattern with closely aligned lows and an early Shift of Sentiment™ pattern on the Balance of Power Indicator reveals some Dark Pool Quiet Rotation™ at...
BBY gapped up on earnings news last quarter, then failed to complete its intermediate-term bottom. It did find support at the gap low, but now faces the challenge of resistance above the current price.
HAS gapped up on strong earnings news. The gap is a breakaway and is now in a compression mode. Balance of Power shows some pro trader activity in the stock at this time. The next resistance level is the highs of September. This is a swing or day trading setup.
