$AMZN is forming a pretty clean inverse head and shoulders on the daily, look for it to pullback to form the right shoulder pretty soon, as it is currently sitting at its would-be neckline should it pullback into the right shoulder. GL
Amazon just crossed 200 EMA on 17th December 2019 and On the other hand Amazon announced to launch its services in Germany. So this Ecommerce Giant is growing more and more. So I am going Long on this stock.
E-commerce stock eBay reported earnings last week. The backward-looking results were ok, but forward guidance wasn't so hot. The resulting drop is creating some bearish chart patterns. First, EBAY formed a tight channel between $34.50 and $36.60 since October. It's now breaking the bottom of that channel. Second, the channel began on October 24, when EBAY...
The major indexes have been rallying to new highs, but one of the most important companies in the market hasn't participated: Amazon.com . The e-commerce giant spiked the day after Christmas thanks to news of a " record-breaking " holiday season. That ended a three-month imprisonment below its 200-day simple moving average (SMA). It also established AMZN back...
It's hard to say which traditional big-box is doing a better job adapting to the digital age: Wal-Mart Stores or Target . Both have successfully used online strategies to keep shoppers in their brick-and-mortar locations. That's helped avoid the kind of painful downsizing sweeping other retailers. It's paid off recently for WMT, which beat profit estimates ...
MAxive correction ahead. Earnings delisional. This was my and also many other's best pick in 2018. Long term I still believe in the business. As Square they support small retailers instead of replace their logistics (Amazon). p.s. This H&S is not regular. Neckline is not parallel to the abscissas. The slopes goes towards the leftS. Completion mean the price...
This looks like a massive falling wedge forming. ER is next week and i’m expecting volatility. Very possible it hits the bottom of this wedge at least one more time around the 200sma
BABA is breaking an important resistance, tested 4 times since late July. It Opened above resistance, and is growing with above daily average volume . Great risk reward ratio entering position entering a position at $181, sell around $195.
As shown in the chart, we are testing a heavy resistance tested multiple times. Technical indicators are showing mostly consolidation. If I were thinking of getting into a position, I would wait. If I had Alibaba stock, I would strongly consider taking profits (selling 50% +) Obviously breaking this resistance would be an important step towards a strong uptrend.
Technical analysis (daily chart) RSI(10) @62 OBV on steady uptrend along with the RSI CCI(10) @100 MACD > MACDsignal Fundamental analysis BABA is a buy right now @$177. Well below analyst price average targets of $225. (Over 25%) Fair value Morningstar note Our fair value estimate is $240 per ADS incorporates management's full-year fiscal 2020...
Let's say you are going to trade it, are you short or long? For me it's screwed up, I pass this one.
Amazon was in the pre-market news today. India has put heavy restrictions on the e-commerce retailers, AMZN and WMT and others. The ruling affects many products that Amazon sells. India’s rules will bar retail e-commerce companies from engaging in an exclusive partnership with a seller. This could hurt Amazon’s expected revenues from India. This dominant...
I feel this company has a good future and agree with their focus on expanding their logistics to bring better services to their clients. Without a good logistics group the system will fall apart. I would be looking for a similar pattern of a double bottom it had from April to Early June. Could last a bit longer this time as earnings are set for sometime in November.
Alibaba's price dropped in the first hour alongside the market because of the trade fears. I took that as an opportunity as Tmall owned by Alibaba is also participating in the 618 mid year festival. The key difference is that Tmall has extended their sales to the region namely Hong Kong, Taiwan, Singapore and Australia. This means that in addition to China...
15 June JD.com had risen along side all major technology stocks including the NDXT. The Dow Jones however had dropped and this lead me to believe that people were exiting other categories and entering into technology as a safe haven. This could also be because of the trade wars chatter between US & CN that has lead to people leaving categories that had a reliance...
China wants to be #1 and so does $BABA.