HGCRD

Forecast | AMZN

Long
HGCRD Updated   
NASDAQ:AMZN   Amazon.com
Bias: Positive.

Sentiment: Optimistic.

Emoji (emotion): Dizzy 👩‍🚀

Null Hypothesis: Buy.

Alternative Hypothesis: Sell.

Signals: Late stochastic buy.

Position: Short term day/swing trade.

Notes: Anticipating an earnings surprise. "I'm working on my day at the beach theme, please feel free to let me how you feel about it. Personally I think my sunset needs a little work."

Other: ( P/E RATIO Explained) "The price-to-earnings ratio ( P/E ratio ) is the ratio for valuing a company that measures its current share price relative to its earnings per share ( EPS ). The price-to-earnings ratio is also sometimes known as the price multiple or the earnings multiple. P/E ratios are used by investors and analysts to determine the relative value of a company's shares in an apples-to-apples comparison. It can also be used to compare a company against its own historical record or to compare aggregate markets against one another or over time."

About the Author:
I strive to become one of Tradingview's pinescript Wizards and Top Authors, as well as build a reputable reputation & following. "Please remember to comment, like, share, and follow me!"

About the Security: "Amazon, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services ( AWS ). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as... The International segment comprises the retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment consists of the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA."
Comment:
(Reflection) one day before Amazon's earnings report it got entangled in Facebooks upset (like most of the market) and began selling outside my tolerance range. To that end I have to conclude my alternative hypothesis was accepted; although with the scorching EPS report of $27.75, an unprecedented +$24 higher than Wall Streets estimate, I must say that post report my null hypothesis was accepted.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.